Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Makes New Investment in SSR Mining Inc. (NASDAQ:SSRM)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,400 shares of the basic materials company's stock, valued at approximately $156,000. SSR Mining comprises 0.5% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s portfolio, making the stock its 23rd biggest holding.

Several other large investors have also recently made changes to their positions in SSRM. US Bancorp DE grew its position in shares of 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 shares of SSR Mining in the fourth quarter valued at about $29,000. Olympiad Research LP purchased a new stake in SSR Mining during the fourth quarter worth about $94,000. Sequoia Financial Advisors LLC purchased a new stake in SSR Mining during the fourth quarter worth about $96,000. Finally, HB Wealth Management LLC boosted its holdings in SSR Mining by 11.3% during the fourth quarter. HB Wealth Management LLC now owns 14,376 shares of the basic materials company's stock worth $100,000 after buying an additional 1,463 shares in the last quarter. 68.30% of the stock is currently owned by institutional investors and hedge funds.

SSR Mining Price Performance

SSRM remained flat at $11.74 during midday trading on Thursday. 2,982,854 shares of the company traded hands, compared to its average volume of 2,603,776. The stock has a market capitalization of $2.38 billion, a P/E ratio of -9.10, a PEG ratio of 0.37 and a beta of -0.15. The company's 50 day moving average price is $10.58 and its two-hundred day moving average price is $8.88. 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 $4.32 and a 52-week high of $11.89.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $332.64 million. On average, research analysts expect that SSR Mining Inc. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of SSR Mining from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. National Bank Financial upgraded shares of SSR Mining to a "hold" rating in a research note on Friday, March 21st. National Bankshares restated a "sector perform" rating on shares of SSR Mining in a research note on Wednesday, April 23rd. UBS Group upped their target price on shares of SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, Royal Bank of Canada raised shares of SSR Mining from an "underperform" rating to a "sector perform" rating and upped their price target for the company from $5.50 to $8.00 in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, SSR Mining has a consensus rating of "Moderate Buy" and a consensus target price of $10.03.

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.