XTX Topco Ltd Invests $597,000 in SSR Mining Inc. (NASDAQ:SSRM)

XTX Topco Ltd acquired a new position in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,820 shares of the basic materials company's stock, valued at approximately $597,000.

Several other institutional investors have also bought and sold shares of SSRM. HighTower Advisors LLC lifted its holdings in SSR Mining by 24.8% in the third quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company's stock worth $75,000 after purchasing an additional 2,619 shares during the period. Barclays PLC lifted its holdings in SSR Mining by 33.8% in the 3rd quarter. Barclays PLC now owns 701,763 shares of the basic materials company's stock valued at $3,985,000 after acquiring an additional 177,447 shares during the last quarter. Virtu Financial LLC acquired a new stake in SSR Mining in the 3rd quarter valued at about $334,000. Tidal Investments LLC lifted its holdings in SSR Mining by 6.4% in the 3rd quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company's stock valued at $15,713,000 after acquiring an additional 166,130 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in SSR Mining by 649.6% in the 3rd quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company's stock valued at $847,000 after acquiring an additional 127,401 shares during the last quarter. Institutional investors and hedge funds own 68.30% of the company's stock.

SSR Mining Stock Up 2.3 %

Shares of NASDAQ:SSRM traded up $0.23 during trading on Thursday, reaching $10.33. 739,110 shares of the company traded hands, compared to its average volume of 2,703,754. The company has a quick ratio of 1.97, a current ratio of 4.70 and a debt-to-equity ratio of 0.08. SSR Mining Inc. has a 1-year low of $4.32 and a 1-year high of $11.48. The firm has a fifty day simple moving average of $10.30 and a 200 day simple moving average of $8.04. The firm has a market cap of $2.09 billion, a P/E ratio of -7.99, a price-to-earnings-growth ratio of 0.37 and a beta of 0.30.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced 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). SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. The firm had revenue of $323.19 million during the quarter, compared to the consensus estimate of $262.20 million. Analysts anticipate that SSR Mining Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SSRM shares. StockNews.com raised shares of SSR Mining from a "sell" rating to a "hold" rating in a report on Friday, January 17th. UBS Group upped their price target on shares of SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a report on Friday, April 11th. Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and boosted their price objective for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. Cormark raised shares of SSR Mining from a "hold" rating to a "moderate buy" rating in a research report on Tuesday. Finally, CIBC raised their price objective 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $10.03.

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.