Zacks Investment Management acquired a new stake in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 155,168 shares of the basic materials company's stock, valued at approximately $881,000. Zacks Investment Management owned 0.08% of SSR Mining as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in SSR Mining in the 2nd quarter valued at approximately $32,000. Quarry LP boosted its holdings in SSR Mining by 119.7% in the second quarter. Quarry LP now owns 10,368 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 5,649 shares during the period. Point72 DIFC Ltd acquired a new position in SSR Mining during the 3rd quarter worth $47,000. HB Wealth Management LLC acquired a new position in SSR Mining during the 2nd quarter worth $56,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in SSR Mining during the 3rd quarter worth about $57,000. Institutional investors and hedge funds own 68.30% of the company's stock.
SSR Mining Stock Up 5.6 %
SSR Mining stock traded up $0.40 during mid-day trading on Tuesday, hitting $7.54. The company had a trading volume of 4,096,831 shares, compared to its average volume of 3,379,928. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -3.15, a PEG ratio of 1.05 and a beta of 0.69. The company has a quick ratio of 1.97, a current ratio of 3.91 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 $11.35. The business has a fifty day moving average of $5.95 and a 200 day moving average of $5.42.
Analysts Set New Price Targets
SSRM has been the subject of a number of analyst reports. UBS Group boosted their price objective on SSR Mining from $6.30 to $6.80 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. StockNews.com downgraded shares of SSR Mining from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $5.18.
Check Out Our Latest Stock Analysis on SSR Mining
SSR Mining 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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