Bleakley Financial Group LLC Acquires 5,066 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Bleakley Financial Group LLC lifted its stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 24.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,461 shares of the basic materials company’s stock after acquiring an additional 5,066 shares during the quarter. Bleakley Financial Group LLC’s holdings in SSR Mining were worth $178,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Cibc World Market Inc. grew its stake in shares of SSR Mining by 22.1% during the 4th quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company’s stock valued at $25,967,000 after purchasing an additional 674,793 shares during the period. Two Sigma Advisers LP boosted its position in shares of SSR Mining by 16.2% in the third quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock worth $18,860,000 after purchasing an additional 462,000 shares during the period. Public Employees Retirement System of Ohio increased its stake in SSR Mining by 399.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 432,162 shares of the basic materials company’s stock worth $2,455,000 after buying an additional 345,568 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of SSR Mining by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company’s stock worth $8,794,000 after purchasing an additional 220,349 shares in the last quarter. Finally, Martingale Asset Management L P grew its holdings in SSR Mining by 115.9% during the 3rd quarter. Martingale Asset Management L P now owns 407,996 shares of the basic materials company’s stock valued at $2,317,000 after buying an additional 219,013 shares in the last quarter. Institutional investors own 68.30% of the company’s stock.

Analyst Upgrades and Downgrades

SSRM has been the subject of several research reports. Royal Bank of Canada raised shares of SSR Mining from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from $5.50 to $8.00 in a report on Wednesday, February 5th. StockNews.com raised SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.85.

SSR Mining Price Performance

Shares of SSRM stock opened at $9.22 on Thursday. SSR Mining Inc. has a 52-week low of $3.76 and a 52-week high of $9.60. The firm has a market capitalization of $1.87 billion, a P/E ratio of -3.86 and a beta of 0.62. The stock has a 50 day moving average price of $7.53 and a 200 day moving average price of $6.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91.

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.