Deutsche Bank AG Boosts Stock Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Deutsche Bank AG lifted its stake in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 23.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 363,494 shares of the basic materials company's stock after buying an additional 69,124 shares during the period. Deutsche Bank AG owned about 0.18% of SSR Mining worth $2,530,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in SSR Mining by 23.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,918,258 shares of the basic materials company's stock valued at $13,351,000 after acquiring an additional 370,006 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of SSR Mining by 99.3% in the fourth quarter. American Century Companies Inc. now owns 506,331 shares of the basic materials company's stock valued at $3,528,000 after purchasing an additional 252,293 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of SSR Mining by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,378,659 shares of the basic materials company's stock valued at $9,614,000 after purchasing an additional 51,408 shares in the last quarter. Sei Investments Co. lifted its position in shares of SSR Mining by 36.1% during the fourth quarter. Sei Investments Co. now owns 253,733 shares of the basic materials company's stock valued at $1,766,000 after purchasing an additional 67,369 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in SSR Mining during the fourth quarter worth about $29,000. Institutional investors own 68.30% of the company's stock.

Wall Street Analysts Forecast Growth

SSRM has been the subject of several analyst reports. National Bank Financial upgraded shares of SSR Mining to a "hold" rating in a research note on Friday, March 21st. UBS Group upped their target price on SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a report on Friday, April 11th. Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and lifted their price target for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. Wall Street Zen raised SSR Mining from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Finally, Cormark raised SSR Mining from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $10.03.

SSR Mining Stock Performance

Shares of SSR Mining stock traded down $0.06 on Tuesday, reaching $11.46. 2,749,920 shares of the company traded hands, compared to its average volume of 2,610,318. The company has a 50 day moving average of $10.57 and a 200 day moving average of $8.86. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. SSR Mining Inc. has a 52 week low of $4.32 and a 52 week high of $11.73. The firm has a market capitalization of $2.32 billion, a PE ratio of -8.88, a PEG ratio of 0.37 and a beta of -0.15.

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 for the quarter, beating the consensus estimate of $0.08 by $0.21. The business had revenue of $303.43 million during the quarter, compared to analyst estimates of $332.64 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. Equities analysts forecast that SSR Mining Inc. will post 0.73 earnings per share for the current 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.