SSR Mining Inc. (NASDAQ:SSRM) Stake Raised by Quadrature Capital Ltd

Quadrature Capital Ltd lifted its holdings in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 42.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 692,800 shares of the basic materials company's stock after purchasing an additional 207,700 shares during the quarter. Quadrature Capital Ltd owned 0.34% of SSR Mining worth $3,938,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of SSRM. Vanguard Group Inc. grew its stake in shares of SSR Mining by 6.9% in the first quarter. Vanguard Group Inc. now owns 8,303,664 shares of the basic materials company's stock worth $37,034,000 after purchasing an additional 533,880 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in SSR Mining by 18.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 46,324 shares of the basic materials company's stock valued at $207,000 after buying an additional 7,277 shares in the last quarter. Simplicity Wealth LLC boosted its stake in SSR Mining by 84.2% during the second quarter. Simplicity Wealth LLC now owns 29,771 shares of the basic materials company's stock valued at $135,000 after buying an additional 13,611 shares in the last quarter. Wedmont Private Capital boosted its stake in SSR Mining by 207.5% during the second quarter. Wedmont Private Capital now owns 55,839 shares of the basic materials company's stock valued at $252,000 after buying an additional 37,680 shares in the last quarter. Finally, Catalina Capital Group LLC bought a new position in SSR Mining during the second quarter valued at about $86,000. Institutional investors own 68.30% of the company's stock.

Analysts Set New Price Targets

SSRM has been the subject of several research reports. StockNews.com cut SSR Mining from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. UBS Group raised their target price on SSR Mining from $6.30 to $6.80 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $5.18.

SSR Mining Trading Up 4.3 %

Shares of NASDAQ:SSRM traded up $0.26 during midday trading on Friday, reaching $6.35. The company had a trading volume of 3,089,358 shares, compared to its average volume of 3,371,871. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91. SSR Mining Inc. has a 1-year low of $3.76 and a 1-year high of $11.52. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -2.66, a price-to-earnings-growth ratio of 0.99 and a beta of 0.69. The company has a fifty day simple moving average of $5.88 and a two-hundred day simple moving average of $5.40.

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.