PKO Investment Management Joint Stock Co Acquires Shares of 97,128 SSR Mining Inc. (NASDAQ:SSRM)

PKO Investment Management Joint Stock Co purchased a new stake in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 97,128 shares of the basic materials company's stock, valued at approximately $679,000.

Several other institutional investors also recently bought and sold shares of SSRM. Barclays PLC raised its holdings in SSR Mining by 33.8% in the 3rd quarter. Barclays PLC now owns 701,763 shares of the basic materials company's stock valued at $3,985,000 after acquiring an additional 177,447 shares during the last quarter. Cibc World Market Inc. raised its holdings in SSR Mining by 22.1% in the 4th quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company's stock valued at $25,967,000 after acquiring an additional 674,793 shares during the last quarter. Catalina Capital Group LLC raised its holdings in SSR Mining by 66.7% in the 4th quarter. Catalina Capital Group LLC now owns 27,143 shares of the basic materials company's stock valued at $189,000 after acquiring an additional 10,856 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in SSR Mining by 24.8% in the 4th quarter. Bleakley Financial Group LLC now owns 25,461 shares of the basic materials company's stock valued at $178,000 after acquiring an additional 5,066 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in SSR Mining by 1.1% in the 4th quarter. Rhumbline Advisers now owns 325,929 shares of the basic materials company's stock valued at $2,268,000 after acquiring an additional 3,681 shares during the last quarter. 68.30% of the stock is currently owned by institutional investors and hedge funds.

SSR Mining Stock Up 0.5%

NASDAQ SSRM traded up $0.06 during trading hours on Friday, hitting $11.80. The company had a trading volume of 2,064,400 shares, compared to its average volume of 2,597,136. SSR Mining Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $11.89. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of -9.15, 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 current ratio of 4.70 and a quick ratio of 1.97. The firm's 50 day moving average is $10.62 and its 200 day moving average is $8.99.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.21. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. The firm had revenue of $303.43 million during the quarter, compared to the consensus estimate of $332.64 million. Sell-side analysts anticipate that SSR Mining Inc. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on SSRM. Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and upped their price objective for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. Cormark upgraded SSR Mining from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. UBS Group upped 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. Wall Street Zen upgraded SSR Mining from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Finally, CIBC upped their price objective on 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, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, SSR Mining currently has an average rating of "Moderate Buy" and an average price target 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.