Parametrica Management Ltd Buys New Stake in SSR Mining Inc. (NASDAQ:SSRM)

Parametrica Management Ltd bought a new stake in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 132,159 shares of the basic materials company's stock, valued at approximately $751,000. SSR Mining comprises about 0.9% of Parametrica Management Ltd's holdings, making the stock its 25th biggest position. Parametrica Management Ltd owned about 0.07% of SSR Mining at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SSRM. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of SSR Mining during the second quarter worth $32,000. Abich Financial Wealth Management LLC acquired a new position in SSR Mining in the first quarter valued at $41,000. SeaCrest Wealth Management LLC acquired a new position in SSR Mining in the third quarter valued at $57,000. Quarry LP boosted its holdings in SSR Mining by 119.7% in the second 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of SSR Mining in the third quarter worth about $60,000. Institutional investors and hedge funds own 68.30% of the company's stock.

Analyst Upgrades and Downgrades

Separately, UBS Group boosted their price target on SSR Mining from $6.30 to $6.80 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, SSR Mining has an average rating of "Hold" and an average price target of $7.01.

SSR Mining Stock Performance

Shares of NASDAQ SSRM traded up $0.05 during mid-day trading on Wednesday, hitting $5.37. The company had a trading volume of 2,036,493 shares, compared to its average volume of 3,486,320. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -2.25, a PEG ratio of 0.90 and a beta of 0.72. SSR Mining Inc. has a 12 month low of $3.76 and a 12 month high of $12.04. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97. The firm's 50 day simple moving average is $5.82 and its two-hundred day simple moving average is $5.35.

SSR Mining Company 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.