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

OMERS ADMINISTRATION Corp purchased a new stake in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 35,300 shares of the basic materials company's stock, valued at approximately $246,000.

Several other large investors have also added to or reduced their stakes in SSRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of SSR Mining by 21.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,079,816 shares of the basic materials company's stock worth $70,265,000 after buying an additional 1,802,821 shares in the last quarter. Deutsche Bank AG grew its holdings in SSR Mining by 23.5% during the 4th quarter. Deutsche Bank AG now owns 363,494 shares of the basic materials company's stock worth $2,530,000 after acquiring an additional 69,124 shares in the last quarter. Bayesian Capital Management LP bought a new position in SSR Mining during the 4th quarter worth about $207,000. Parvin Asset Management LLC purchased a new stake in shares of SSR Mining during the fourth quarter valued at about $228,000. Finally, Northern Trust Corp lifted its position in shares of SSR Mining by 7.1% during the fourth quarter. Northern Trust Corp now owns 1,342,744 shares of the basic materials company's stock valued at $9,345,000 after buying an additional 89,155 shares during the last quarter. Hedge funds and other institutional investors own 68.30% of the company's stock.

SSR Mining Price Performance

NASDAQ SSRM traded up $0.36 on Friday, hitting $11.52. 1,946,655 shares of the company's stock were exchanged, compared to its average volume of 2,609,757. The stock has a 50-day moving average of $10.55 and a 200-day moving average of $8.80. 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 $11.61. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of -8.93, a P/E/G ratio of 0.37 and a beta of -0.15.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced its earnings results on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.21. The firm had revenue of $303.43 million for 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%. Analysts expect that SSR Mining Inc. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SSRM shares. Cormark upgraded shares of SSR Mining from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. Royal Bank of Canada upgraded shares of SSR Mining from an "underperform" rating to a "sector perform" rating and boosted their price objective for the company from $5.50 to $8.00 in a report on Wednesday, February 5th. Wall Street Zen upgraded SSR Mining from a "buy" rating to a "strong-buy" rating in a research note on Thursday. CIBC upped their target price on SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Finally, UBS Group raised their price objective on SSR Mining from $12.10 to $12.35 and gave the stock a "buy" rating in a report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.03.

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.