Arete Wealth Advisors LLC Sells 10,000 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Arete Wealth Advisors LLC trimmed its holdings in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 50.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the basic materials company’s stock after selling 10,000 shares during the quarter. Arete Wealth Advisors LLC’s holdings in SSR Mining were worth $57,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SSRM. HighTower Advisors LLC grew its position in shares of SSR Mining by 24.8% during the 3rd quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 2,619 shares during the period. Quantinno Capital Management LP lifted its position in SSR Mining by 9.8% during the third quarter. Quantinno Capital Management LP now owns 31,107 shares of the basic materials company’s stock valued at $177,000 after purchasing an additional 2,788 shares in the last quarter. Principal Financial Group Inc. grew its holdings in SSR Mining by 23.3% during the second quarter. Principal Financial Group Inc. now owns 19,899 shares of the basic materials company’s stock valued at $90,000 after purchasing an additional 3,760 shares during the period. Quarry LP increased 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 in the last quarter. Finally, Cadence Wealth Management LLC raised its stake in shares of SSR Mining by 17.1% in the second quarter. Cadence Wealth Management LLC now owns 47,068 shares of the basic materials company’s stock worth $213,000 after buying an additional 6,860 shares during the period. 68.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on SSRM shares. StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday. 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, SSR Mining currently has a consensus rating of “Hold” and an average price target of $5.18.

SSR Mining Stock Down 2.9 %

Shares of SSRM opened at $7.44 on Friday. The business’s 50 day moving average is $6.06 and its 200 day moving average is $5.47. 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 12-month low of $3.76 and a 12-month high of $11.35. The company has a market capitalization of $1.51 billion, a PE ratio of -3.11, a price-to-earnings-growth ratio of 1.34 and a beta of 0.69.

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.