Charles Schwab Investment Management Inc. Boosts Stake in SSR Mining Inc. (NASDAQ:SSRM)

Charles Schwab Investment Management Inc. raised its position in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,378,659 shares of the basic materials company’s stock after buying an additional 51,408 shares during the period. Charles Schwab Investment Management Inc. owned 0.68% of SSR Mining worth $9,614,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in SSR Mining by 62.4% in the 4th quarter. US Bancorp DE now owns 3,540 shares of the basic materials company’s stock valued at $25,000 after buying an additional 1,360 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in SSR Mining in the 4th quarter valued at about $29,000. Point72 DIFC Ltd purchased a new stake in SSR Mining in the 3rd quarter valued at about $47,000. Lincoln Capital LLC purchased a new stake in SSR Mining in the 4th quarter valued at about $70,000. Finally, HighTower Advisors LLC increased its stake in SSR Mining by 24.8% in the 3rd quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company’s stock valued at $75,000 after buying an additional 2,619 shares during the last quarter. Hedge funds and other institutional investors own 68.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank of Canada upgraded 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 research note on Wednesday, February 5th. UBS Group raised their price target on shares of SSR Mining from $7.15 to $12.05 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. CIBC raised their price target on shares of SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, StockNews.com upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, SSR Mining has an average rating of “Hold” and an average price target of $9.93.

SSR Mining Trading Down 2.1 %

Shares of SSRM stock opened at $10.88 on Friday. SSR Mining Inc. has a 12-month low of $3.96 and a 12-month high of $11.38. The firm has a market cap of $2.20 billion, a P/E ratio of -8.43, a PEG ratio of 0.37 and a beta of 0.53. The company has a quick ratio of 1.97, a current ratio of 4.70 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $9.24 and a 200-day moving average of $7.26.

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 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 business had revenue of $323.19 million during the quarter, compared to analysts’ expectations of $262.20 million. Sell-side analysts anticipate that SSR Mining Inc. will post 0.73 earnings per share for the current year.

About SSR Mining

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.