B. Riley Wealth Advisors Inc. Acquires Shares of 20,000 SSR Mining Inc. (NASDAQ:SSRM)

B. Riley Wealth Advisors Inc. bought a new position in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 20,000 shares of the basic materials company’s stock, valued at approximately $114,000.

A number of other large investors have also recently modified their holdings of the stock. D. E. Shaw & Co. Inc. raised its stake in SSR Mining by 45.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 8,228,572 shares of the basic materials company’s stock worth $37,124,000 after buying an additional 2,587,212 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of SSR Mining by 16.2% in the 3rd quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock worth $18,860,000 after acquiring an additional 462,000 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of SSR Mining by 6.4% in the 3rd quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company’s stock valued at $15,713,000 after purchasing an additional 166,130 shares during the period. National Bank of Canada FI boosted its position in shares of SSR Mining by 3.8% during the third quarter. National Bank of Canada FI now owns 2,737,848 shares of the basic materials company’s stock valued at $15,551,000 after purchasing an additional 100,946 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of SSR Mining by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,327,251 shares of the basic materials company’s stock valued at $7,542,000 after purchasing an additional 75,563 shares in the last quarter. Institutional investors own 68.30% of the company’s stock.

SSR Mining Trading Up 1.2 %

NASDAQ:SSRM opened at $6.95 on Monday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -2.91, a PEG 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’s 50 day moving average price is $6.21 and its 200-day moving average price is $5.54. SSR Mining Inc. has a 52 week low of $3.76 and a 52 week high of $11.22.

Analyst Upgrades and Downgrades

SSRM has been the subject of a number of research reports. StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, December 13th. UBS Group upped their price target on SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, SSR Mining has a consensus rating of “Hold” and an average price target of $5.18.

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.