121,697 Shares in SSR Mining Inc. (NASDAQ:SSRM) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 121,697 shares of the basic materials company's stock, valued at approximately $847,000. Y Intercept Hong Kong Ltd owned about 0.06% of SSR Mining as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SSRM. Creative Planning boosted its holdings in SSR Mining by 26.0% during the third quarter. Creative Planning now owns 76,805 shares of the basic materials company's stock worth $436,000 after buying an additional 15,870 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of SSR Mining in the 3rd quarter valued at approximately $60,000. State of New Jersey Common Pension Fund D boosted its stake in SSR Mining by 92.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 31,587 shares of the basic materials company's stock worth $179,000 after acquiring an additional 15,152 shares during the last quarter. GSA Capital Partners LLP acquired a new position in SSR Mining during the third quarter valued at approximately $572,000. Finally, Parametrica Management Ltd bought a new stake in SSR Mining in the third quarter valued at approximately $751,000. 68.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SSRM has been the subject of several research analyst reports. CIBC boosted their price target on shares of SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, February 19th. UBS Group increased their price target on SSR Mining from $7.15 to $12.05 and gave the stock a "buy" rating in a report on Tuesday, February 18th. StockNews.com raised SSR Mining from a "sell" rating to a "hold" rating in a research report on Friday, January 17th. Finally, Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and boosted their price objective for the company from $5.50 to $8.00 in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $9.93.

SSR Mining Stock Down 4.4 %

SSRM stock traded down $0.44 during trading hours on Monday, reaching $9.56. 2,043,089 shares of the stock were exchanged, compared to its average volume of 2,824,853. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -7.41, a PEG ratio of 0.37 and a beta of 0.62. The firm's 50-day moving average is $8.27 and its 200-day moving average is $6.73. SSR Mining Inc. has a 12 month low of $3.91 and a 12 month high of $10.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97.

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

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.