Deutsche Bank AG Has $2.53 Million Position in SSR Mining Inc. (NASDAQ:SSRM)

Deutsche Bank AG grew its stake in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 23.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 363,494 shares of the basic materials company's stock after purchasing an additional 69,124 shares during the period. Deutsche Bank AG owned about 0.18% of SSR Mining worth $2,530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. US Bancorp DE boosted its position in SSR Mining by 62.4% during the 4th quarter. US Bancorp DE now owns 3,540 shares of the basic materials company's stock worth $25,000 after buying an additional 1,360 shares during the period. SBI Securities Co. Ltd. acquired a new stake in SSR Mining during the 4th quarter worth approximately $29,000. Allianz SE acquired a new stake in SSR Mining during the 4th quarter worth approximately $30,000. Olympiad Research LP acquired a new stake in SSR Mining during the 4th quarter worth approximately $94,000. Finally, Tower Research Capital LLC TRC boosted its position in SSR Mining by 187.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,599 shares of the basic materials company's stock worth $95,000 after buying an additional 8,872 shares during the period. 68.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. 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 stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. UBS Group lifted their target price on shares of SSR Mining from $12.10 to $12.35 and gave the stock a "buy" rating in a research report on Friday, April 11th. StockNews.com upgraded shares of SSR Mining from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Cormark upgraded shares of SSR Mining from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. Finally, 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 report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, SSR Mining has an average rating of "Hold" and an average price target of $10.03.

SSR Mining Stock Up 1.7%

SSR Mining stock opened at $11.42 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 4.70. SSR Mining Inc. has a 52-week low of $4.32 and a 52-week high of $11.61. The firm has a 50 day moving average price of $10.54 and a two-hundred day moving average price of $8.68. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -8.85, a PEG ratio of 0.37 and a beta of -0.15.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last released its quarterly earnings results 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. The firm had revenue of $303.43 million during the quarter, compared to analyst estimates of $332.64 million. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. Equities analysts predict that SSR Mining Inc. will post 0.73 EPS 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.

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