RFG Advisory LLC Makes New Investment in SSR Mining Inc. (NASDAQ:SSRM)

RFG Advisory LLC purchased a new stake in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,500 shares of the basic materials company's stock, valued at approximately $206,000.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of SSR Mining by 33.8% during the 3rd quarter. Barclays PLC now owns 701,763 shares of the basic materials company's stock valued at $3,985,000 after acquiring an additional 177,447 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of SSR Mining by 24.8% in the 4th quarter. Bleakley Financial Group LLC now owns 25,461 shares of the basic materials company's stock worth $178,000 after purchasing an additional 5,066 shares during the period. Rhumbline Advisers lifted its stake in SSR Mining by 1.1% in the fourth quarter. Rhumbline Advisers now owns 325,929 shares of the basic materials company's stock valued at $2,268,000 after purchasing an additional 3,681 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in SSR Mining by 47.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 46,715 shares of the basic materials company's stock valued at $325,000 after purchasing an additional 15,128 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in SSR Mining by 0.5% during the fourth quarter. CIBC Asset Management Inc now owns 248,064 shares of the basic materials company's stock valued at $1,729,000 after purchasing an additional 1,282 shares during the period. Institutional investors own 68.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on SSRM shares. National Bank Financial raised SSR Mining to a "hold" rating in a research report on Friday, March 21st. Cormark upgraded shares of SSR Mining from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Wall Street Zen lowered shares of SSR Mining from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 6th. UBS Group boosted their target price on shares of SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a report on Friday, April 11th. Finally, CIBC increased 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $10.03.

SSR Mining Price Performance

Shares of SSRM traded up $0.05 during midday trading on Thursday, hitting $12.43. 1,634,751 shares of the company traded hands, compared to its average volume of 2,615,093. SSR Mining Inc. has a one year low of $4.32 and a one year high of $13.33. The firm has a market cap of $2.52 billion, a P/E ratio of -9.64, a PEG ratio of 0.37 and a beta of -0.13. 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 stock has a 50-day moving average of $10.99 and a 200-day moving average of $9.34.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its earnings results on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.21. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. The business had revenue of $303.43 million for the quarter, compared to analyst estimates of $332.64 million. As a group, sell-side analysts predict that SSR Mining Inc. will post 0.73 EPS for the current fiscal year.

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.