Fmr LLC Lowers Stock Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Fmr LLC lessened its stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 5.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,942,936 shares of the basic materials company’s stock after selling 115,226 shares during the quarter. Fmr LLC owned 0.96% of SSR Mining worth $11,036,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in SSRM. Point72 Asia Singapore Pte. Ltd. purchased 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 acquiring an additional 5,649 shares in the last quarter. HB Wealth Management LLC acquired a new stake in SSR Mining during the 2nd quarter valued at $56,000. SeaCrest Wealth Management LLC purchased a new stake in shares of SSR Mining in the third quarter valued at $57,000. Finally, Xponance Inc. acquired a new stake in shares of SSR Mining during the second quarter valued at $58,000. 68.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SSRM has been the subject of a number of recent research reports. StockNews.com downgraded shares of SSR Mining from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. UBS Group lifted their target price on shares of SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, SSR Mining currently has a consensus rating of “Hold” and a consensus target price of $5.18.

SSR Mining Stock Performance

NASDAQ:SSRM opened at $8.12 on Thursday. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -3.40, a PEG ratio of 1.05 and a beta of 0.69. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. SSR Mining Inc. has a twelve month low of $3.76 and a twelve month high of $11.35. The firm’s fifty day simple moving average is $5.99 and its 200 day simple moving average is $5.44.

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.