Barclays PLC Has $3.99 Million Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Barclays PLC boosted its holdings in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 33.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 701,763 shares of the basic materials company's stock after acquiring an additional 177,447 shares during the quarter. Barclays PLC owned 0.35% of SSR Mining worth $3,985,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in SSR Mining by 399.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 432,162 shares of the basic materials company's stock valued at $2,455,000 after buying an additional 345,568 shares during the period. Zacks Investment Management bought a new position in shares of SSR Mining in the third quarter valued at approximately $881,000. National Bank of Canada FI increased its stake in shares of SSR Mining by 3.8% during the third quarter. National Bank of Canada FI now owns 2,737,848 shares of the basic materials company's stock valued at $15,551,000 after acquiring an additional 100,946 shares during the period. Virtus Investment Advisers Inc. bought a new stake in SSR Mining during the third quarter worth approximately $520,000. Finally, Two Sigma Advisers LP lifted its position in SSR Mining by 16.2% in the third quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company's stock worth $18,860,000 after purchasing an additional 462,000 shares during the period. Institutional investors own 68.30% of the company's stock.

SSR Mining Price Performance

Shares of NASDAQ SSRM traded up $0.17 during mid-day trading on Monday, reaching $7.12. The company had a trading volume of 3,004,688 shares, compared to its average volume of 3,399,562. The company has a 50-day moving average price of $6.24 and a two-hundred day moving average price of $5.56. The stock has a market cap of $1.44 billion, a PE ratio of -2.98, a P/E/G ratio of 1.23 and a beta of 0.69. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. SSR Mining Inc. has a 1-year low of $3.76 and a 1-year high of $11.17.

Wall Street Analyst Weigh In

SSRM has been the topic of several research analyst reports. UBS Group lifted 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. StockNews.com raised SSR Mining from a "sell" rating to a "hold" rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, SSR Mining has a consensus rating of "Hold" and an average target price of $5.18.

About SSR Mining

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.