American Century Companies Inc. Buys 252,293 Shares of SSR Mining Inc. (NASDAQ:SSRM)

American Century Companies Inc. raised its stake in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 99.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 506,331 shares of the basic materials company's stock after acquiring an additional 252,293 shares during the period. American Century Companies Inc. owned about 0.25% of SSR Mining worth $3,528,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Cibc World Market Inc. boosted its stake in shares of SSR Mining by 22.1% in the 4th quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company's stock worth $25,967,000 after buying an additional 674,793 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in SSR Mining by 16.2% during the third 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 during the period. Tidal Investments LLC boosted its position in SSR Mining by 6.4% in the third quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company's stock worth $15,713,000 after purchasing an additional 166,130 shares during the last quarter. National Bank of Canada FI grew its stake in SSR Mining by 3.8% in the 3rd 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 during the period. Finally, JPMorgan Chase & Co. increased its position in shares of SSR Mining by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company's stock valued at $8,794,000 after purchasing an additional 220,349 shares during the last quarter. 68.30% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SSRM. Royal Bank of Canada raised shares of SSR Mining from an "underperform" rating to a "sector perform" rating and boosted their price target for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. StockNews.com upgraded shares of SSR Mining from a "sell" rating to a "hold" rating in a research note on Friday, January 17th. UBS Group raised their price target on shares of SSR Mining from $12.10 to $12.35 and gave the stock a "buy" rating in a research note on Friday. National Bank Financial raised shares of SSR Mining to a "hold" rating in a report on Friday, March 21st. Finally, CIBC increased their price objective on SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $10.03.

SSR Mining Stock Performance

NASDAQ:SSRM traded up $0.47 on Friday, reaching $10.65. 2,526,825 shares of the company's stock were exchanged, compared to its average volume of 2,761,212. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of -8.26, a P/E/G ratio of 0.37 and a beta of 0.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. The stock has a fifty day simple moving average of $10.06 and a 200-day simple moving average of $7.79. SSR Mining Inc. has a 52 week low of $4.32 and a 52 week high of $11.48.

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

SSR Mining 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.