Rhumbline Advisers Grows Stock Position in SSR Mining Inc. (NASDAQ:SSRM)

Rhumbline Advisers raised its holdings in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325,929 shares of the basic materials company’s stock after buying an additional 3,681 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of SSR Mining worth $2,268,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cibc World Market Inc. raised its position in shares of SSR Mining by 22.1% in the 4th quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company’s stock worth $25,967,000 after buying an additional 674,793 shares during the period. Two Sigma Advisers LP increased its stake in SSR Mining by 16.2% during 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 acquiring an additional 462,000 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of 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 purchasing an additional 345,568 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of SSR Mining by 16.6% in the 3rd 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 during the period. Finally, Martingale Asset Management L P lifted its stake in shares of SSR Mining by 115.9% in 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 purchasing an additional 219,013 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

Wall Street Analyst Weigh In

SSRM has been the subject of a number of research analyst reports. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. UBS Group raised their target price on shares of SSR Mining from $7.15 to $12.05 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada upgraded shares of SSR Mining from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from $5.50 to $8.00 in a report on Wednesday, February 5th. Finally, CIBC raised their price objective on SSR Mining from $8.25 to $9.75 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, SSR Mining currently has a consensus rating of “Hold” and a consensus price target of $9.93.

SSR Mining Trading Down 4.3 %

NASDAQ SSRM opened at $9.56 on Tuesday. The stock has a market cap of $1.93 billion, a P/E ratio of -7.41, a PEG ratio of 0.37 and a beta of 0.62. The company’s fifty day simple moving average is $8.31 and its 200-day simple moving average is $6.76. The company has a current ratio of 4.70, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. SSR Mining Inc. has a 52 week low of $3.91 and a 52 week high of $10.91.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share 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 firm had revenue of $323.19 million during the quarter, compared to analysts’ expectations of $262.20 million. Equities research analysts predict that SSR Mining Inc. will post 0.73 EPS for the current fiscal 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.