GSA Capital Partners LLP Makes New $572,000 Investment in SSR Mining Inc. (NASDAQ:SSRM)

GSA Capital Partners LLP acquired a new stake in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 100,669 shares of the basic materials company's stock, valued at approximately $572,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in SSR Mining in the 2nd quarter valued at about $32,000. Abich Financial Wealth Management LLC bought a new position in SSR Mining in the first quarter valued at approximately $41,000. Quarry LP lifted its position in shares of SSR Mining by 119.7% during 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 last quarter. HB Wealth Management LLC bought a new stake in shares of SSR Mining during the 2nd quarter valued at approximately $56,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of SSR Mining during the third quarter worth $57,000. Institutional investors and hedge funds own 68.30% of the company's stock.

SSR Mining Stock Up 3.0 %

SSRM stock traded up $0.17 during trading on Tuesday, reaching $5.80. 1,241,016 shares of the stock were exchanged, compared to its average volume of 3,474,594. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. SSR Mining Inc. has a twelve month low of $3.76 and a twelve month high of $12.04. The firm's 50 day moving average is $5.86 and its 200 day moving average is $5.35. The firm has a market cap of $1.17 billion, a P/E ratio of -2.37, a price-to-earnings-growth ratio of 0.86 and a beta of 0.72.

Analyst Ratings Changes

Separately, UBS Group raised their price target on shares of SSR Mining from $6.30 to $6.80 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.01.

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.