Sei Investments Co. Purchases 67,369 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Sei Investments Co. raised its position in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 36.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 253,733 shares of the basic materials company's stock after purchasing an additional 67,369 shares during the quarter. Sei Investments Co. owned 0.13% of SSR Mining worth $1,766,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SSRM. Xponance Inc. boosted its holdings in shares of SSR Mining by 9.3% in the fourth quarter. Xponance Inc. now owns 14,387 shares of the basic materials company's stock worth $100,000 after buying an additional 1,222 shares during the last quarter. CIBC Asset Management Inc raised its position in SSR Mining by 0.5% in the fourth quarter. CIBC Asset Management Inc now owns 248,064 shares of the basic materials company's stock worth $1,729,000 after acquiring an additional 1,282 shares during the period. US Bancorp DE boosted its stake in shares of SSR Mining by 62.4% during the 4th quarter. US Bancorp DE now owns 3,540 shares of the basic materials company's stock worth $25,000 after acquiring an additional 1,360 shares during the last quarter. HB Wealth Management LLC grew its position in shares of SSR Mining by 11.3% during the 4th quarter. HB Wealth Management LLC now owns 14,376 shares of the basic materials company's stock valued at $100,000 after acquiring an additional 1,463 shares during the period. Finally, Cadence Wealth Management LLC increased its stake in shares of SSR Mining by 4.1% in the 4th quarter. Cadence Wealth Management LLC now owns 48,916 shares of the basic materials company's stock worth $342,000 after purchasing an additional 1,928 shares in the last quarter. Hedge funds and other institutional investors own 68.30% of the company's stock.

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Analyst Upgrades and Downgrades

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

SSR Mining Price Performance

NASDAQ SSRM traded up $0.15 during trading hours on Thursday, reaching $10.18. The company's stock had a trading volume of 2,145,030 shares, compared to its average volume of 2,768,841. SSR Mining Inc. has a 1 year low of $4.32 and a 1 year high of $11.48. The company has a quick ratio of 1.97, a current ratio of 4.70 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of -7.89, a PEG ratio of 0.37 and a beta of 0.30. The firm's 50-day moving average price is $10.01 and its 200-day moving average price is $7.76.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last released its earnings results on Tuesday, February 18th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $323.19 million during the quarter, compared to analysts' expectations 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 research analysts predict that SSR Mining Inc. will post 0.73 EPS for the current fiscal year.

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.