State Street Corp Raises Stock Holdings in SSR Mining Inc. (NASDAQ:SSRM)

State Street Corp boosted its position in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 0.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,399,876 shares of the basic materials company’s stock after purchasing an additional 2,449 shares during the quarter. State Street Corp owned about 1.68% of SSR Mining worth $19,311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SSR Mining in the second quarter valued at approximately $32,000. Quarry LP raised its holdings in SSR Mining by 119.7% in the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 5,649 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of SSR Mining during the 3rd quarter worth $47,000. HB Wealth Management LLC acquired a new stake in shares of SSR Mining during the second quarter worth $56,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of SSR Mining in the third quarter valued at $57,000. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SSRM has been the topic of several recent analyst reports. UBS Group increased their target price 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 raised shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.18.

SSR Mining Stock Up 2.4 %

Shares of NASDAQ:SSRM opened at $7.12 on Tuesday. SSR Mining Inc. has a 1 year low of $3.76 and a 1 year high of $11.17. The stock has a 50-day simple moving average of $6.24 and a 200-day simple moving average of $5.56. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91. The stock has a market capitalization of $1.44 billion, a P/E ratio of -2.98, a PEG ratio of 1.23 and a beta of 0.69.

SSR Mining 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.