SSR Mining (NASDAQ:SSRM) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of SSR Mining (NASDAQ:SSRM) (TSE:SSO) from a hold rating to a sell rating in a report published on Wednesday morning.

Separately, UBS Group upped 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 given a buy rating to the stock. Based on data from MarketBeat, SSR Mining presently has an average rating of “Hold” and an average price target of $5.18.

SSR Mining Stock Performance

Shares of NASDAQ SSRM opened at $5.81 on Wednesday. SSR Mining has a 52-week low of $3.76 and a 52-week high of $12.04. 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 firm’s 50-day moving average price is $5.87 and its two-hundred day moving average price is $5.38. The stock has a market capitalization of $1.18 billion, a P/E ratio of -2.43, a P/E/G ratio of 0.95 and a beta of 0.72.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in SSR Mining in the 2nd quarter valued at about $32,000. Abich Financial Wealth Management LLC bought a new stake in SSR Mining during the first quarter worth approximately $41,000. Quarry LP grew its position in SSR Mining by 119.7% in the second quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock worth $47,000 after buying an additional 5,649 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of SSR Mining in the third quarter valued at $47,000. Finally, HB Wealth Management LLC acquired a new stake in shares of SSR Mining during the 2nd quarter valued at $56,000. 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.