Blueshift Asset Management LLC Purchases Shares of 27,947 SSR Mining Inc. (NASDAQ:SSRM)

Blueshift Asset Management LLC bought a new stake in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 27,947 shares of the basic materials company's stock, valued at approximately $195,000.

Other large investors have also recently bought and sold shares of the company. Xponance Inc. lifted its position in SSR Mining by 9.3% in the 4th quarter. Xponance Inc. now owns 14,387 shares of the basic materials company's stock worth $100,000 after buying an additional 1,222 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of SSR Mining by 0.5% during the fourth quarter. CIBC Asset Management Inc now owns 248,064 shares of the basic materials company's stock worth $1,729,000 after acquiring an additional 1,282 shares in the last quarter. US Bancorp DE boosted its position in SSR Mining by 62.4% during the fourth quarter. US Bancorp DE now owns 3,540 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 1,360 shares during the last quarter. HB Wealth Management LLC boosted its position in 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 purchasing an additional 1,463 shares during the last quarter. Finally, Cadence Wealth Management LLC grew its stake in SSR Mining by 4.1% in the fourth quarter. Cadence Wealth Management LLC now owns 48,916 shares of the basic materials company's stock valued at $342,000 after purchasing an additional 1,928 shares in the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

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SSR Mining Stock Performance

SSRM stock traded up $0.22 during midday trading on Tuesday, hitting $11.03. 1,686,305 shares of the company traded hands, compared to its average volume of 2,699,237. The business has a 50 day simple moving average of $9.32 and a 200-day simple moving average of $7.32. The company has a quick ratio of 1.97, a current ratio of 4.70 and a debt-to-equity ratio of 0.08. SSR Mining Inc. has a twelve month low of $3.96 and a twelve month high of $11.38. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of -8.56, a price-to-earnings-growth ratio of 0.37 and a beta of 0.53.

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

Wall Street Analyst Weigh In

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

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.