SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Wednesday.
Separately, UBS Group increased their price target on shares of SSR Mining from $6.30 to $6.80 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $5.18.
View Our Latest Stock Analysis on SSRM
SSR Mining Stock Performance
SSR Mining stock traded up $0.10 on Wednesday, hitting $6.96. The company's stock had a trading volume of 1,971,000 shares, compared to its average volume of 3,373,173. SSR Mining has a one year low of $3.76 and a one year high of $10.81. The firm has a market cap of $1.41 billion, a P/E ratio of -2.91, a price-to-earnings-growth ratio of 1.23 and a beta of 0.69. The company has a quick ratio of 1.97, a current ratio of 3.91 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average price of $6.36 and a 200-day moving average price of $5.66.
Hedge Funds Weigh In On SSR Mining
Several institutional investors have recently added to or reduced their stakes in SSRM. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of SSR Mining during the second quarter worth approximately $32,000. Quarry LP increased its holdings in SSR Mining by 119.7% during the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 5,649 shares in the last quarter. Point72 DIFC Ltd bought a new position in SSR Mining in the 3rd quarter valued at $47,000. SeaCrest Wealth Management LLC acquired a new position in SSR Mining in the third quarter worth $57,000. Finally, Xponance Inc. bought a new stake in shares of SSR Mining during the second quarter worth $58,000. 68.30% of the stock is owned by institutional investors.
SSR Mining Company Profile
(
Get Free Report)
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.
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