162,501 Shares in SSR Mining Inc. (NASDAQ:SSRM) Purchased by Sprott Inc.

Sprott Inc. purchased a new stake in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 162,501 shares of the basic materials company’s stock, valued at approximately $1,131,000.

A number of other large investors also recently bought and sold shares of SSRM. Point72 DIFC Ltd purchased a new position in shares of SSR Mining during the 3rd quarter valued at approximately $47,000. Allspring Global Investments Holdings LLC acquired a new stake in SSR Mining during the third quarter valued at $60,000. Lincoln Capital LLC purchased a new position in SSR Mining in the fourth quarter valued at $70,000. Drive Wealth Management LLC acquired a new position in shares of SSR Mining in the third quarter worth about $74,000. Finally, HighTower Advisors LLC boosted its stake in shares of SSR Mining by 24.8% during the 3rd quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company’s stock worth $75,000 after acquiring an additional 2,619 shares in the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SSRM shares. Royal Bank of Canada upgraded SSR Mining from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from $5.50 to $8.00 in a research note on Wednesday, February 5th. UBS Group boosted their price objective on SSR Mining from $7.15 to $12.05 and gave the company a “buy” rating in a research report on Tuesday, February 18th. CIBC upped their target price on SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, SSR Mining presently has an average rating of “Hold” and an average price target of $9.93.

SSR Mining Price Performance

NASDAQ:SSRM opened at $10.25 on Wednesday. The stock has a 50 day moving average of $8.01 and a two-hundred day moving average of $6.58. SSR Mining Inc. has a 12 month low of $3.90 and a 12 month high of $10.91. The firm has a market cap of $2.07 billion, a P/E ratio of -7.95, a price-to-earnings-growth ratio of 0.37 and a beta of 0.62. The company has a current ratio of 4.70, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued 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 firm had revenue of $323.19 million for the quarter, compared to analysts’ expectations of $262.20 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. On average, analysts expect that SSR Mining Inc. will post 0.73 earnings per share for the current fiscal year.

SSR Mining 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.