SBI Securities Co. Ltd. Makes New $29,000 Investment in SSR Mining Inc. (NASDAQ:SSRM)

SBI Securities Co. Ltd. acquired a new position in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,199 shares of the basic materials company’s stock, valued at approximately $29,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SSRM. State of New Jersey Common Pension Fund D increased its holdings 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 purchasing an additional 15,152 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in SSR Mining during the 3rd quarter worth approximately $572,000. Parametrica Management Ltd purchased a new stake in SSR Mining during the 3rd quarter worth approximately $751,000. TrinityPoint Wealth LLC purchased a new stake in SSR Mining during the 3rd quarter worth approximately $78,000. Finally, Drive Wealth Management LLC purchased a new stake in SSR Mining during the 3rd quarter worth approximately $74,000. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on SSRM. StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. CIBC lifted their target price on SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Royal Bank of Canada upgraded SSR Mining from an “underperform” rating to a “sector perform” rating and lifted their target price for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. Finally, UBS Group lifted their target price on SSR Mining from $7.15 to $12.05 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.93.

SSR Mining Trading Up 3.3 %

NASDAQ:SSRM opened at $10.24 on Thursday. SSR Mining Inc. has a 12-month low of $3.91 and a 12-month high of $10.91. The firm has a market capitalization of $2.07 billion, a P/E ratio of -7.94, a P/E/G ratio of 0.37 and a beta of 0.53. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. The business has a 50 day simple moving average of $8.73 and a 200 day simple moving average of $6.98.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released 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). SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. The company had revenue of $323.19 million for the quarter, compared to analyst estimates of $262.20 million. Equities research analysts predict that SSR Mining Inc. will post 0.73 EPS for the current year.

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.