JPMorgan Chase & Co. Purchases 220,349 Shares of SSR Mining Inc. (NASDAQ:SSRM)

JPMorgan Chase & Co. increased its stake in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 16.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,548,252 shares of the basic materials company’s stock after acquiring an additional 220,349 shares during the quarter. JPMorgan Chase & Co. owned about 0.77% of SSR Mining worth $8,794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in SSR Mining during the second quarter worth $32,000. Point72 DIFC Ltd bought a new position in SSR Mining during the third quarter worth $47,000. SeaCrest Wealth Management LLC bought a new position in SSR Mining during the third quarter worth $57,000. Quarry LP increased its position in SSR Mining by 119.7% during the second quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 5,649 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in SSR Mining during the third quarter worth $60,000. Institutional investors own 68.30% of the company’s stock.

SSR Mining Trading Down 5.0 %

Shares of SSR Mining stock opened at $7.05 on Tuesday. SSR Mining Inc. has a 52-week low of $3.76 and a 52-week high of $10.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97. The company’s fifty day moving average price is $6.52 and its two-hundred day moving average price is $5.82. The firm has a market capitalization of $1.43 billion, a PE ratio of -2.95, a price-to-earnings-growth ratio of 1.23 and a beta of 0.61.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Thursday, January 9th. UBS Group boosted their price target on shares of SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.18.

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.