Northern Trust Corp Has $9.35 Million Position in SSR Mining Inc. (NASDAQ:SSRM)

Northern Trust Corp boosted its holdings in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,342,744 shares of the basic materials company's stock after acquiring an additional 89,155 shares during the quarter. Northern Trust Corp owned 0.66% of SSR Mining worth $9,345,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE grew its stake in shares of SSR Mining by 62.4% in the fourth quarter. US Bancorp DE now owns 3,540 shares of the basic materials company's stock worth $25,000 after purchasing an additional 1,360 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in SSR Mining in the fourth quarter worth about $29,000. Allianz SE bought a new position in SSR Mining in the 4th quarter valued at about $30,000. Lincoln Capital LLC acquired a new position in SSR Mining during the 4th quarter valued at about $70,000. Finally, Olympiad Research LP acquired a new position in SSR Mining during the 4th quarter valued at about $94,000. Institutional investors own 68.30% of the company's stock.

SSR Mining Price Performance

NASDAQ:SSRM traded up $0.19 during trading hours on Wednesday, reaching $11.42. 2,284,200 shares of the company's stock were exchanged, compared to its average volume of 2,611,876. 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 market capitalization of $2.32 billion, a P/E ratio of -8.85, a price-to-earnings-growth ratio of 0.37 and a beta of -0.15. SSR Mining Inc. has a 12 month low of $4.32 and a 12 month high of $11.61. The business's 50-day simple moving average is $10.52 and its two-hundred day simple moving average is $8.65.

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 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.21. The company had revenue of $303.43 million during the quarter, compared to the consensus estimate of $332.64 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. Sell-side analysts expect that SSR Mining Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SSRM shares. National Bankshares reaffirmed a "sector perform" rating on shares of SSR Mining in a research note on Wednesday, April 23rd. Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and upped their target price for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. UBS Group lifted their price target on SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a research report on Friday, April 11th. CIBC boosted their price objective on SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Finally, National Bank Financial upgraded SSR Mining to a "hold" rating in a report on Friday, March 21st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, SSR Mining has a consensus rating of "Hold" and a consensus target price of $10.03.

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.