PKO Investment Management Joint Stock Co Makes New Investment in SSR Mining Inc. (NASDAQ:SSRM)

PKO Investment Management Joint Stock Co acquired 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 acquired 97,128 shares of the basic materials company's stock, valued at approximately $679,000.

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

SSR Mining Stock Performance

SSRM traded up $0.85 during trading hours on Monday, reaching $12.68. The company's stock had a trading volume of 3,137,915 shares, compared to its average volume of 2,599,307. SSR Mining Inc. has a 52 week low of $4.32 and a 52 week high of $12.75. The company's 50-day moving average is $10.66 and its 200-day moving average is $9.06. 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 firm has a market cap of $2.57 billion, a PE ratio of -9.83, a price-to-earnings-growth ratio of 0.37 and a beta of -0.15.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted 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 positive return on equity of 1.46% and a negative net margin of 26.24%. On average, equities analysts forecast that SSR Mining Inc. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SSRM. Wall Street Zen raised SSR Mining from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. UBS Group increased their price objective on SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a report on Friday, April 11th. Royal Bank of Canada raised SSR Mining from an "underperform" rating to a "sector perform" rating and increased their price objective for the company from $5.50 to $8.00 in a report on Wednesday, February 5th. Cormark raised SSR Mining from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. Finally, National Bankshares reissued a "sector perform" rating on shares of SSR Mining in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.