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

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

A number of other institutional investors also recently modified their holdings of SSRM. Cibc World Market Inc. lifted its stake in 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 valued at $25,967,000 after acquiring an additional 674,793 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of SSR Mining by 16.2% in 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 purchasing an additional 462,000 shares in the last quarter. Tidal Investments LLC boosted its holdings in SSR Mining by 6.4% during 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 boosted its holdings in 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 worth $15,551,000 after purchasing an additional 100,946 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in SSR Mining by 16.6% in 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 buying an additional 220,349 shares during the last quarter. 68.30% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. National Bank Financial upgraded SSR Mining to a "hold" rating in a report on Friday, March 21st. StockNews.com upgraded SSR Mining from a "sell" rating to a "hold" rating in a research note on Friday, January 17th. CIBC raised their target price on shares of SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Royal Bank of Canada upgraded shares of SSR Mining from an "underperform" rating to a "sector perform" rating and boosted their target price for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. Finally, UBS Group increased their price target 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9.93.

SSR Mining Stock Performance

Shares of NASDAQ:SSRM traded up $0.33 on Thursday, hitting $11.21. The company had a trading volume of 2,243,613 shares, compared to its average volume of 2,683,842. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -8.69, a P/E/G ratio of 0.37 and a beta of 0.53. The stock has a 50 day moving average price of $9.46 and a 200 day moving average price of $7.38. SSR Mining Inc. has a 1-year low of $4.09 and a 1-year high of $11.38. The company has a current ratio of 4.70, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last issued its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share (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 company had revenue of $323.19 million for the quarter, compared to analyst estimates of $262.20 million. Analysts expect that SSR Mining Inc. will post 0.73 EPS 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.