Cibc World Market Inc. Raises Stock Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Cibc World Market Inc. grew its holdings in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 22.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,730,876 shares of the basic materials company's stock after buying an additional 674,793 shares during the period. Cibc World Market Inc. owned approximately 1.84% of SSR Mining worth $25,967,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SSRM. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of SSR Mining during the second quarter valued at approximately $32,000. Quarry LP increased its stake in SSR Mining by 119.7% in the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company's stock worth $47,000 after buying an additional 5,649 shares during the period. Point72 DIFC Ltd bought a new stake in SSR Mining during the 3rd quarter valued at about $47,000. SeaCrest Wealth Management LLC purchased a new stake in SSR Mining in the 3rd quarter valued at about $57,000. Finally, Xponance Inc. bought a new position in SSR Mining in the 2nd quarter worth about $58,000. 68.30% of the stock is currently owned by institutional investors.

SSR Mining Stock Up 1.8 %

NASDAQ SSRM traded up $0.15 on Tuesday, hitting $8.19. The stock had a trading volume of 1,636,803 shares, compared to its average volume of 2,386,229. The business's fifty day moving average price is $7.10 and its 200 day moving average price is $6.10. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -3.43 and a beta of 0.62. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97. SSR Mining Inc. has a 52-week low of $3.76 and a 52-week high of $9.82.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SSRM. StockNews.com raised SSR Mining from a "sell" rating to a "hold" rating in a research report on Friday, January 17th. UBS Group upped their price objective on shares of SSR Mining from $6.30 to $6.80 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, SSR Mining has a consensus rating of "Hold" and a consensus target price of $5.18.

About SSR Mining

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.