SSR Mining Inc. (NASDAQ:SSRM) Shares Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC raised its stake in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 22.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,203,900 shares of the basic materials company's stock after purchasing an additional 399,806 shares during the period. Voloridge Investment Management LLC owned 1.09% of SSR Mining worth $15,339,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vident Advisory LLC grew its holdings in SSR Mining by 38.6% during the fourth quarter. Vident Advisory LLC now owns 49,875 shares of the basic materials company's stock valued at $347,000 after purchasing an additional 13,895 shares during the period. Tidal Investments LLC raised its position in SSR Mining by 14.7% during the fourth quarter. Tidal Investments LLC now owns 3,174,367 shares of the basic materials company's stock valued at $22,094,000 after purchasing an additional 407,920 shares during the period. TrinityPoint Wealth LLC raised its holdings in shares of SSR Mining by 72.4% in the fourth quarter. TrinityPoint Wealth LLC now owns 23,622 shares of the basic materials company's stock worth $164,000 after buying an additional 9,917 shares during the period. State of Wyoming purchased a new position in SSR Mining during the 4th quarter worth $195,000. Finally, ProShare Advisors LLC boosted its position in SSR Mining by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 57,154 shares of the basic materials company's stock valued at $398,000 after acquiring an additional 18,806 shares in the last quarter. Institutional investors own 68.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. National Bankshares restated a "sector perform" rating on shares of SSR Mining in a research note on Wednesday, April 23rd. UBS Group lifted their price objective on SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a research note on Friday, April 11th. Cormark upgraded SSR Mining from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. National Bank Financial upgraded SSR Mining to a "hold" rating in a report on Friday, March 21st. Finally, Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and boosted their target price for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. 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 stock. According to data from MarketBeat.com, SSR Mining presently has an average rating of "Moderate Buy" and a consensus price target of $10.03.

SSR Mining Stock Performance

NASDAQ SSRM traded up $0.03 during trading hours on Thursday, hitting $11.77. The company had a trading volume of 1,970,781 shares, compared to its average volume of 2,599,731. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 4.70. SSR Mining Inc. has a 1-year low of $4.32 and a 1-year high of $11.82. The company has a market cap of $2.39 billion, a PE ratio of -9.13, a price-to-earnings-growth ratio of 0.37 and a beta of -0.15. The business has a 50 day moving average of $10.58 and a 200-day moving average of $8.88.

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 (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.21. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. The firm had revenue of $303.43 million during the quarter, compared to analysts' expectations of $332.64 million. As a group, equities research analysts expect that SSR Mining Inc. will post 0.73 EPS for the current 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.