OMERS ADMINISTRATION Corp Invests $246,000 in SSR Mining Inc. (NASDAQ:SSRM)

OMERS ADMINISTRATION Corp purchased a new position in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,300 shares of the basic materials company's stock, valued at approximately $246,000.

A number of other hedge funds have also recently made changes to their positions in SSRM. US Bancorp DE grew its holdings 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 acquiring an additional 1,360 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in SSR Mining during the 4th quarter worth about $29,000. Allianz SE bought a new position in SSR Mining during the 4th quarter worth about $30,000. Lincoln Capital LLC bought a new position in SSR Mining during the 4th quarter worth about $70,000. Finally, Olympiad Research LP bought a new position in SSR Mining during the 4th quarter worth about $94,000. 68.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Royal Bank of Canada upgraded shares of SSR Mining from an "underperform" rating to a "sector perform" rating and increased their target price for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. National Bankshares reiterated a "sector perform" rating on shares of SSR Mining in a report on Wednesday, April 23rd. UBS Group increased their target price on shares of SSR Mining from $12.10 to $12.35 and gave the stock a "buy" rating in a report on Friday, April 11th. StockNews.com upgraded shares of SSR Mining from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Finally, National Bank Financial upgraded shares of SSR Mining to a "hold" rating in a report on Friday, March 21st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, SSR Mining has a consensus rating of "Hold" and a consensus price target of $10.03.

SSR Mining Stock Up 1.0%

NASDAQ:SSRM opened at $10.85 on Tuesday. SSR Mining Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $11.61. The stock has a market capitalization of $2.20 billion, a P/E ratio of -8.41, a P/E/G ratio of 0.37 and a beta of -0.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 4.70. The company's 50-day simple moving average is $10.52 and its 200-day simple moving average is $8.65.

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 for the quarter, beating analysts' consensus estimates of $0.08 by $0.21. The business had revenue of $303.43 million for the quarter, compared to analysts' expectations of $332.64 million. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. On average, equities analysts anticipate that SSR Mining Inc. will post 0.73 earnings per share for the current fiscal year.

About SSR Mining

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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