TrinityPoint Wealth LLC Acquires New Stake in SSR Mining Inc. (NASDAQ:SSRM)

TrinityPoint Wealth LLC bought a new position in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,705 shares of the basic materials company’s stock, valued at approximately $78,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of SSR Mining in the second quarter worth approximately $32,000. Abich Financial Wealth Management LLC purchased a new position in SSR Mining in the 1st quarter worth approximately $41,000. Quarry LP increased its holdings in shares of SSR Mining by 119.7% in the 2nd 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. HB Wealth Management LLC purchased a new stake in shares of SSR Mining during the 2nd quarter valued at $56,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of SSR Mining during the 3rd quarter worth $57,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group increased their target price on SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, SSR Mining currently has a consensus rating of “Hold” and a consensus price target of $7.01.

SSR Mining Stock Performance

Shares of NASDAQ:SSRM opened at $5.63 on Tuesday. The company’s fifty day moving average is $5.85 and its 200 day moving average is $5.35. 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 52 week low of $3.76 and a 52 week high of $12.04.

SSR Mining Company Profile

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.