SSR Mining Inc. (NASDAQ:SSRM) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 533.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 204,493 shares of the basic materials company's stock after buying an additional 172,196 shares during the period. Hsbc Holdings PLC owned 0.10% of SSR Mining worth $1,420,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SSRM. Xponance Inc. boosted its stake in SSR Mining by 9.3% in the fourth quarter. Xponance Inc. now owns 14,387 shares of the basic materials company's stock valued at $100,000 after acquiring an additional 1,222 shares in the last quarter. CIBC Asset Management Inc grew its stake in SSR Mining by 0.5% during the 4th quarter. CIBC Asset Management Inc now owns 248,064 shares of the basic materials company's stock worth $1,729,000 after buying an additional 1,282 shares during the last quarter. US Bancorp DE increased its position in SSR Mining by 62.4% during the fourth quarter. US Bancorp DE now owns 3,540 shares of the basic materials company's stock worth $25,000 after buying an additional 1,360 shares during the period. HB Wealth Management LLC lifted its stake in 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 valued at $100,000 after buying an additional 1,463 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in SSR Mining by 0.4% in the fourth quarter. Wellington Management Group LLP now owns 497,378 shares of the basic materials company's stock valued at $3,462,000 after buying an additional 1,884 shares during the last quarter. 68.30% of the stock is owned by hedge funds and other institutional investors.

SSR Mining Price Performance

Shares of NASDAQ:SSRM opened at $10.03 on Friday. The company has a quick ratio of 1.97, a current ratio of 4.70 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $10.34 and a 200 day moving average price of $8.27. SSR Mining Inc. has a 52 week low of $4.32 and a 52 week high of $11.48. The company has a market cap of $2.03 billion, a P/E ratio of -7.78, a PEG ratio of 0.37 and a beta of 0.30.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $323.19 million during the quarter, compared to analyst estimates of $262.20 million. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. Research analysts predict that SSR Mining Inc. will post 0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group upped their price target on shares of SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a research report on Friday, April 11th. National Bank Financial upgraded shares of SSR Mining to a "hold" rating in a research note on Friday, March 21st. National Bankshares restated a "sector perform" rating on shares of SSR Mining in a research report on Wednesday, April 23rd. Cormark raised SSR Mining from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Finally, CIBC lifted their target price on SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, SSR Mining has an average rating of "Hold" 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.

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