SSR Mining (NASDAQ:SSRM) Upgraded at StockNews.com

StockNews.com upgraded shares of SSR Mining (NASDAQ:SSRM - Free Report) TSE: SSO from a sell rating to a hold rating in a research report report published on Friday morning.

Separately, UBS Group lifted their price target on SSR Mining from $6.30 to $6.80 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $5.18.

SSR Mining Stock Down 0.7 %

Shares of SSR Mining stock traded down $0.06 during midday trading on Friday, hitting $7.64. The company had a trading volume of 2,429,290 shares, compared to its average volume of 2,618,482. SSR Mining has a 52-week low of $3.76 and a 52-week high of $10.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91. The stock has a market capitalization of $1.55 billion, a P/E ratio of -3.19 and a beta of 0.61. The company has a 50 day moving average of $6.62 and a 200 day moving average of $5.86.

Hedge Funds Weigh In On SSR Mining

A number of hedge funds have recently bought and sold shares of the business. Lincoln Capital LLC purchased a new position in shares of SSR Mining during the fourth quarter valued at approximately $70,000. HB Wealth Management LLC grew its position in SSR Mining by 11.3% in the 4th quarter. HB Wealth Management LLC now owns 14,376 shares of the basic materials company's stock worth $100,000 after purchasing an additional 1,463 shares during the period. JPMorgan Chase & Co. raised its stake in SSR Mining by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company's stock valued at $8,794,000 after buying an additional 220,349 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of SSR Mining during the 3rd quarter valued at $114,000. Finally, Franklin Resources Inc. boosted its stake in shares of SSR Mining by 649.6% in the 3rd quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company's stock worth $847,000 after buying an additional 127,401 shares during the last quarter. Hedge funds and other institutional investors own 68.30% of the company's stock.

About SSR Mining

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.