Voloridge Investment Management LLC increased its stake in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 22.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,203,900 shares of the basic materials company's stock after acquiring an additional 399,806 shares during the period. Voloridge Investment Management LLC owned approximately 1.09% of SSR Mining worth $15,339,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vident Advisory LLC lifted its position in shares of SSR Mining by 38.6% during the fourth quarter. Vident Advisory LLC now owns 49,875 shares of the basic materials company's stock worth $347,000 after purchasing an additional 13,895 shares in the last quarter. Tidal Investments LLC lifted its holdings in SSR Mining by 14.7% in the 4th quarter. Tidal Investments LLC now owns 3,174,367 shares of the basic materials company's stock worth $22,094,000 after buying an additional 407,920 shares in the last quarter. TrinityPoint Wealth LLC lifted its holdings in SSR Mining by 72.4% in the 4th 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 in the last quarter. State of Wyoming acquired a new stake in shares of SSR Mining during the fourth quarter valued at about $195,000. Finally, ProShare Advisors LLC increased its position in shares of SSR Mining by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 57,154 shares of the basic materials company's stock worth $398,000 after acquiring an additional 18,806 shares during the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. Royal Bank of Canada upgraded shares of SSR Mining from an "underperform" rating to a "sector perform" rating and lifted their price target for the stock from $5.50 to $8.00 in a research note on Wednesday, February 5th. CIBC upped their price target on shares of SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Cormark raised shares of SSR Mining from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. UBS Group boosted their target price on shares of SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, Wall Street Zen upgraded shares of SSR Mining from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, SSR Mining presently has an average rating of "Moderate Buy" and a consensus target price of $10.03.
Get Our Latest Report on SSRM
SSR Mining Stock Performance
Shares of NASDAQ:SSRM traded down $0.06 on Tuesday, hitting $11.46. The company's stock had a trading volume of 2,749,920 shares, compared to its average volume of 2,610,318. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of -8.88, a price-to-earnings-growth ratio of 0.37 and a beta of -0.15. The stock's 50-day moving average is $10.57 and its two-hundred day moving average is $8.86. SSR Mining Inc. has a 12 month low of $4.32 and a 12 month high of $11.72. 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 (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.21. The business had revenue of $303.43 million during the quarter, compared to the consensus estimate 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 research analysts forecast that SSR Mining Inc. will post 0.73 EPS for the current year.
SSR Mining Profile
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Free Report)
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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