Trexquant Investment LP grew its holdings in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 1,582.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 324,461 shares of the basic materials company's stock after purchasing an additional 305,174 shares during the quarter. Trexquant Investment LP owned about 0.16% of SSR Mining worth $2,258,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in SSRM. Geode Capital Management LLC increased its position in SSR Mining by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,678,940 shares of the basic materials company's stock worth $18,652,000 after acquiring an additional 38,593 shares during the period. Franklin Resources Inc. grew its position in SSR Mining by 35.9% in the 4th quarter. Franklin Resources Inc. now owns 199,748 shares of the basic materials company's stock worth $1,390,000 after purchasing an additional 52,736 shares during the last quarter. Wellington Management Group LLP grew its position in SSR Mining by 0.4% in the 4th quarter. Wellington Management Group LLP now owns 497,378 shares of the basic materials company's stock worth $3,462,000 after purchasing an additional 1,884 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of SSR Mining by 122.5% during the 4th quarter. Schroder Investment Management Group now owns 28,378 shares of the basic materials company's stock worth $195,000 after purchasing an additional 15,623 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of SSR Mining during the fourth quarter valued at about $613,000. 68.30% of the stock is currently owned by institutional investors.
SSR Mining Price Performance
Shares of SSRM stock traded up $0.47 during trading hours on Friday, hitting $10.65. The company had a trading volume of 2,526,825 shares, compared to its average volume of 2,761,212. SSR Mining Inc. has a 12 month low of $4.32 and a 12 month high of $11.48. 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 firm's fifty day moving average is $10.06 and its 200 day moving average is $7.79. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of -8.26, a PEG ratio of 0.37 and a beta of 0.30.
SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced its quarterly 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). SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. The company had revenue of $323.19 million during the quarter, compared to analyst estimates of $262.20 million. On average, sell-side analysts predict that SSR Mining Inc. will post 0.73 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. UBS Group lifted their target price on SSR Mining from $12.10 to $12.35 and gave the stock a "buy" rating in a research report on Friday. StockNews.com upgraded SSR Mining from a "sell" rating to a "hold" rating in a research report on Friday, January 17th. National Bank Financial upgraded SSR Mining to a "hold" rating in a research report on Friday, March 21st. CIBC upped their target price on SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada upgraded shares of SSR Mining from an "underperform" rating to a "sector perform" rating and lifted their price target for the stock from $5.50 to $8.00 in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $10.03.
View Our Latest Analysis on SSRM
SSR Mining Company Profile
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Free Report)
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.
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