Quarry LP Has $47,000 Stock Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Quarry LP grew its position in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 119.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,368 shares of the basic materials company’s stock after buying an additional 5,649 shares during the quarter. Quarry LP’s holdings in SSR Mining were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of SSRM. D. E. Shaw & Co. Inc. grew its position in SSR Mining by 45.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 8,228,572 shares of the basic materials company’s stock worth $37,124,000 after acquiring an additional 2,587,212 shares in the last quarter. Tidal Investments LLC purchased a new stake in SSR Mining during the first quarter valued at about $6,485,000. National Bank of Canada FI boosted its position in SSR Mining by 73.7% during the second quarter. National Bank of Canada FI now owns 2,636,902 shares of the basic materials company’s stock valued at $11,815,000 after buying an additional 1,118,417 shares during the period. Van ECK Associates Corp boosted its position in SSR Mining by 4.5% during the first quarter. Van ECK Associates Corp now owns 21,439,627 shares of the basic materials company’s stock valued at $95,619,000 after buying an additional 929,850 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in SSR Mining during the second quarter valued at about $3,289,000. Institutional investors own 68.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SSRM shares. UBS Group lowered their price objective on shares of SSR Mining from $6.50 to $6.30 and set a “buy” rating for the company in a research note on Thursday, August 8th. CIBC increased their price target on shares of SSR Mining from $5.50 to $5.75 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.89.

SSR Mining Stock Down 0.7 %

Shares of SSRM stock opened at $5.73 on Friday. The company’s fifty day simple moving average is $5.34 and its two-hundred day simple moving average is $5.14. SSR Mining Inc. has a 52 week low of $3.76 and a 52 week high of $14.52. The company has a quick ratio of 1.78, a current ratio of 3.54 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.16 billion, a P/E ratio of -2.77, a PEG ratio of 0.62 and a beta of 0.73.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $184.84 million for the quarter. SSR Mining had a negative net margin of 39.15% and a positive return on equity of 5.01%. Analysts predict that SSR Mining Inc. will post 0.54 EPS for the current fiscal 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.