Alberta Investment Management Corp Increases Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Alberta Investment Management Corp lifted its position in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 72.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 246,700 shares of the basic materials company's stock after purchasing an additional 103,500 shares during the quarter. Alberta Investment Management Corp owned 0.12% of SSR Mining worth $1,722,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. CIBC Asset Management Inc increased its holdings in SSR Mining by 0.5% during the 4th quarter. CIBC Asset Management Inc now owns 248,064 shares of the basic materials company's stock worth $1,729,000 after purchasing an additional 1,282 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of SSR Mining by 11.3% during the fourth quarter. HB Wealth Management LLC now owns 14,376 shares of the basic materials company's stock valued at $100,000 after buying an additional 1,463 shares during the last quarter. HighTower Advisors LLC grew its holdings in SSR Mining by 24.8% during the third quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company's stock worth $75,000 after buying an additional 2,619 shares in the last quarter. Quantinno Capital Management LP grew its holdings 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 worth $177,000 after buying an additional 2,788 shares in the last quarter. Finally, Rhumbline Advisers raised its position in SSR Mining by 1.1% in the 4th quarter. Rhumbline Advisers now owns 325,929 shares of the basic materials company's stock valued at $2,268,000 after buying an additional 3,681 shares during the last quarter. 68.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of SSR Mining from a "sell" rating to a "hold" rating in a report on Friday, January 17th. Royal Bank of Canada upgraded shares of SSR Mining from an "underperform" rating to a "sector perform" rating and increased their price objective for the company from $5.50 to $8.00 in a research note on Wednesday, February 5th. CIBC boosted their price objective on SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Finally, UBS Group raised their target price on SSR Mining from $7.15 to $12.05 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $9.93.

SSR Mining Stock Performance

NASDAQ SSRM traded down $0.30 on Tuesday, hitting $10.17. 1,212,784 shares of the stock traded hands, compared to its average volume of 2,746,171. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 4.70. The business's fifty day moving average is $8.01 and its two-hundred day moving average is $6.58. SSR Mining Inc. has a 12 month low of $3.90 and a 12 month high of $10.91. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of -7.89, a PEG ratio of 0.37 and a beta of 0.62.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $323.19 million for the quarter, compared to the consensus estimate of $262.20 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. As a group, equities analysts anticipate that SSR Mining Inc. will post 0.73 EPS for the current fiscal year.

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.