SSR Mining Inc. (NASDAQ:SSRM) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 16.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,548,252 shares of the basic materials company's stock after acquiring an additional 220,349 shares during the period. JPMorgan Chase & Co. owned about 0.77% of SSR Mining worth $8,794,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SSRM. HighTower Advisors LLC grew its holdings in shares of SSR Mining by 24.8% during the 3rd quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company's stock worth $75,000 after purchasing an additional 2,619 shares during the period. Quantinno Capital Management LP increased its position in shares of SSR Mining by 9.8% in the third quarter. Quantinno Capital Management LP now owns 31,107 shares of the basic materials company's stock worth $177,000 after acquiring an additional 2,788 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of SSR Mining by 23.3% in the 2nd quarter. Principal Financial Group Inc. now owns 19,899 shares of the basic materials company's stock valued at $90,000 after acquiring an additional 3,760 shares during the period. Quarry LP lifted its holdings 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 valued at $47,000 after acquiring an additional 5,649 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in SSR Mining during the 2nd quarter worth $32,000. 68.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on SSRM. StockNews.com upgraded SSR Mining from a "sell" rating to a "hold" rating in a research note on Thursday, January 9th. UBS Group increased their price objective on shares of SSR Mining from $6.30 to $6.80 and gave the company a "buy" rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $5.18.

SSR Mining Stock Performance

NASDAQ SSRM traded up $0.36 during trading hours on Tuesday, reaching $7.42. The company's stock had a trading volume of 1,197,898 shares, compared to its average volume of 2,595,794. The stock has a market cap of $1.50 billion, a PE ratio of -3.10, a PEG ratio of 1.23 and a beta of 0.61. The business has a 50-day simple moving average of $6.52 and a 200 day simple moving average of $5.82. SSR Mining Inc. has a 52 week low of $3.76 and a 52 week high of $10.24. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08.

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.