Tidal Investments LLC Purchases 407,920 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Tidal Investments LLC lifted its holdings in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,174,367 shares of the basic materials company's stock after buying an additional 407,920 shares during the period. Tidal Investments LLC owned about 1.57% of SSR Mining worth $22,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC increased its stake 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 buying an additional 177,447 shares during the period. Franklin Resources Inc. grew its holdings in shares of SSR Mining by 649.6% during the 3rd quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company's stock valued at $847,000 after acquiring an additional 127,401 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of SSR Mining by 11.3% in the fourth quarter. HB Wealth Management LLC now owns 14,376 shares of the basic materials company's stock worth $100,000 after acquiring an additional 1,463 shares during the last quarter. Lincoln Capital LLC purchased a new stake in shares of SSR Mining during the fourth quarter worth $70,000. Finally, Cibc World Market Inc. raised its holdings in shares of SSR Mining by 22.1% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 68.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. National Bankshares restated a "sector perform" rating on shares of SSR Mining in a research note on Wednesday, April 23rd. National Bank Financial upgraded SSR Mining to a "hold" rating in a report on Friday, March 21st. UBS Group lifted 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. Cormark upgraded shares of SSR Mining from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Finally, CIBC upped their price objective on shares of SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Four research 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. Based on data from MarketBeat.com, SSR Mining has an average rating of "Moderate Buy" and a consensus price target of $10.03.

SSR Mining Stock Performance

Shares of NASDAQ:SSRM traded up $0.30 during trading on Friday, reaching $11.46. The stock had a trading volume of 1,390,390 shares, compared to its average volume of 2,605,494. The stock has a fifty day simple moving average of $10.54 and a two-hundred day simple moving average of $8.72. The company has a quick ratio of 1.97, a current ratio of 4.70 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 firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -8.88, a P/E/G ratio of 0.37 and a beta of -0.15.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its earnings results on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share (EPS) 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 analyst estimates of $332.64 million. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. As a group, analysts anticipate that SSR Mining Inc. will post 0.73 earnings per share for the current fiscal 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.