Charles Schwab Investment Management Inc. Purchases 51,408 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Charles Schwab Investment Management Inc. boosted its stake in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,378,659 shares of the basic materials company's stock after purchasing an additional 51,408 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.68% of SSR Mining worth $9,614,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Cibc World Market Inc. increased 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 valued at $25,967,000 after acquiring an additional 674,793 shares during the last quarter. Two Sigma Advisers LP increased its stake in 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 valued at $18,860,000 after purchasing an additional 462,000 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in SSR Mining by 399.1% in the third quarter. Public Employees Retirement System of Ohio now owns 432,162 shares of the basic materials company's stock valued at $2,455,000 after purchasing an additional 345,568 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of SSR Mining by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company's stock worth $8,794,000 after purchasing an additional 220,349 shares in the last quarter. Finally, Martingale Asset Management L P grew its holdings in shares of SSR Mining by 115.9% in the 3rd quarter. Martingale Asset Management L P now owns 407,996 shares of the basic materials company's stock valued at $2,317,000 after buying an additional 219,013 shares during the period. Institutional investors and hedge funds own 68.30% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages recently commented on SSRM. National Bank Financial raised SSR Mining to a "hold" rating in a research note on Friday, March 21st. UBS Group lifted their price objective on SSR Mining from $7.15 to $12.05 and gave the company a "buy" rating in a report on Tuesday, February 18th. Royal Bank of Canada raised SSR Mining from an "underperform" rating to a "sector perform" rating and increased their target price for the stock from $5.50 to $8.00 in a research note on Wednesday, February 5th. CIBC lifted their price target 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. Finally, StockNews.com raised shares of SSR Mining from a "sell" rating to a "hold" rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $9.93.

SSR Mining Stock Down 1.0 %

SSR Mining stock traded down $0.11 during midday trading on Wednesday, reaching $10.88. The stock had a trading volume of 1,608,760 shares, compared to its average volume of 2,687,621. The stock has a market capitalization of $2.20 billion, a P/E ratio of -8.43, a price-to-earnings-growth ratio of 0.37 and a beta of 0.53. The firm's fifty day simple moving average is $9.39 and its 200-day simple moving average is $7.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 4.70. SSR Mining Inc. has a 1-year low of $4.03 and a 1-year high of $11.38.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). The business had revenue of $323.19 million during 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, analysts expect that SSR Mining Inc. will post 0.73 EPS for the current fiscal 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.