SSR Mining Inc. (NASDAQ:SSRM) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP boosted its stake in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 109.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 140,007 shares of the basic materials company's stock after purchasing an additional 73,277 shares during the period. Quantbot Technologies LP owned approximately 0.07% of SSR Mining worth $974,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Blueshift Asset Management LLC purchased a new position in shares of SSR Mining during the 4th quarter valued at approximately $195,000. Xponance Inc. grew its position in SSR Mining by 9.3% during the fourth quarter. Xponance Inc. now owns 14,387 shares of the basic materials company's stock valued at $100,000 after buying an additional 1,222 shares during the period. Cadence Wealth Management LLC increased its holdings in SSR Mining by 4.1% in the fourth quarter. Cadence Wealth Management LLC now owns 48,916 shares of the basic materials company's stock valued at $342,000 after buying an additional 1,928 shares in the last quarter. Counterpoint Mutual Funds LLC raised its position in shares of SSR Mining by 28.5% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 124,563 shares of the basic materials company's stock worth $867,000 after acquiring an additional 27,620 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in shares of SSR Mining during the 4th quarter worth about $132,000. Hedge funds and other institutional investors own 68.30% of the company's stock.

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SSR Mining Price Performance

Shares of NASDAQ:SSRM traded down $0.33 during trading on Friday, reaching $10.88. The stock had a trading volume of 2,505,255 shares, compared to its average volume of 2,812,740. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 4.70. SSR Mining Inc. has a 1-year low of $4.32 and a 1-year high of $11.48. The stock has a market cap of $2.20 billion, a PE ratio of -8.43, a PEG ratio of 0.37 and a beta of 0.53. The business has a fifty day moving average price of $9.59 and a 200-day moving average price of $7.47.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced its earnings results on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $323.19 million for the quarter, compared to analyst estimates of $262.20 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. On average, equities analysts forecast that SSR Mining Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SSRM has been the subject of several recent analyst reports. CIBC lifted their price target on SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. National Bank Financial upgraded SSR Mining to a "hold" rating in a research report on Friday, March 21st. UBS Group increased their target price on SSR Mining from $7.15 to $12.05 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Royal Bank of Canada raised shares of SSR Mining from an "underperform" rating to a "sector perform" rating and boosted their price target for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. Finally, StockNews.com upgraded shares of SSR Mining from a "sell" rating to a "hold" rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $9.93.

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.