Intact Investment Management Inc. Has $6.26 Million Stock Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Intact Investment Management Inc. decreased its holdings in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 45.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,101,910 shares of the basic materials company's stock after selling 917,250 shares during the quarter. Intact Investment Management Inc. owned 0.55% of SSR Mining worth $6,258,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in SSR Mining in the 3rd quarter worth about $60,000. Blue Trust Inc. increased its position in shares of SSR Mining by 2,017.8% in the third quarter. Blue Trust Inc. now owns 32,614 shares of the basic materials company's stock worth $185,000 after acquiring an additional 31,074 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of SSR Mining in the third quarter worth approximately $57,000. Creative Planning raised its holdings in shares of SSR Mining by 26.0% during the third quarter. Creative Planning now owns 76,805 shares of the basic materials company's stock valued at $436,000 after acquiring an additional 15,870 shares during the period. Finally, CWM LLC lifted its position in shares of SSR Mining by 226.9% in the 3rd quarter. CWM LLC now owns 22,202 shares of the basic materials company's stock valued at $126,000 after acquiring an additional 15,411 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. CIBC boosted their target price on shares of SSR Mining from $5.50 to $5.75 and gave the company a "neutral" rating in a research note on Wednesday, July 10th. UBS Group upped their price target on SSR Mining from $6.30 to $6.80 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Two equities research analysts have 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, SSR Mining has a consensus rating of "Hold" and a consensus target price of $7.01.

SSR Mining Stock Down 0.8 %

NASDAQ SSRM traded down $0.05 on Monday, reaching $6.09. The stock had a trading volume of 1,171,581 shares, compared to its average volume of 3,496,630. SSR Mining Inc. has a 1 year low of $3.76 and a 1 year high of $12.63. The business has a 50 day moving average price of $5.75 and a 200 day moving average price of $5.33. The company has a current ratio of 3.54, a quick ratio of 1.78 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -2.63, a P/E/G ratio of 0.91 and a beta of 0.72.

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.