Counterpoint Mutual Funds LLC Buys 27,620 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Counterpoint Mutual Funds LLC lifted its stake in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 28.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,563 shares of the basic materials company's stock after acquiring an additional 27,620 shares during the quarter. Counterpoint Mutual Funds LLC owned approximately 0.06% of SSR Mining worth $867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in SSRM. US Bancorp DE raised its holdings in 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 purchasing an additional 1,360 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of SSR Mining during the fourth quarter worth $29,000. Point72 DIFC Ltd acquired a new stake in shares of SSR Mining during the third quarter worth $47,000. Lincoln Capital LLC bought a new position in SSR Mining during the fourth quarter worth $70,000. Finally, Drive Wealth Management LLC acquired a new position in SSR Mining in the third quarter valued at $74,000. 68.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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SSR Mining Stock Down 2.1 %

Shares of NASDAQ SSRM traded down $0.23 during midday trading on Friday, hitting $10.88. 4,804,437 shares of the stock traded hands, compared to its average volume of 2,707,762. SSR Mining Inc. has a one year low of $3.96 and a one year high of $11.38. The business has a 50 day moving average price of $9.17 and a two-hundred day moving average price of $7.20. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 4.70. The company has a market cap of $2.20 billion, a PE ratio of -8.43, a P/E/G ratio of 0.37 and a beta of 0.53.

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

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.