Y Intercept Hong Kong Ltd Takes $847,000 Position in SSR Mining Inc. (NASDAQ:SSRM)

Y Intercept Hong Kong Ltd bought a new position in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) during the 4th quarter, Holdings Channel reports. The firm bought 121,697 shares of the basic materials company’s stock, valued at approximately $847,000.

Several other institutional investors and hedge funds have also modified their holdings of SSRM. Cibc World Market Inc. lifted its holdings in SSR Mining by 22.1% during the 4th quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company’s stock worth $25,967,000 after buying an additional 674,793 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of SSR Mining by 16.2% in the 3rd quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock valued at $18,860,000 after buying an additional 462,000 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of SSR Mining by 399.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 432,162 shares of the basic materials company’s stock valued at $2,455,000 after buying an additional 345,568 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of SSR Mining by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company’s stock valued at $8,794,000 after buying an additional 220,349 shares in the last quarter. Finally, Martingale Asset Management L P increased its position in shares of SSR Mining by 115.9% in the 3rd quarter. Martingale Asset Management L P now owns 407,996 shares of the basic materials company’s stock valued at $2,317,000 after buying an additional 219,013 shares in the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group increased their target price on SSR Mining from $7.15 to $12.05 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Royal Bank of Canada upgraded SSR Mining from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. CIBC increased their target price on SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Finally, StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.93.

SSR Mining Stock Down 3.7 %

Shares of SSRM opened at $10.10 on Friday. SSR Mining Inc. has a 12 month low of $3.90 and a 12 month high of $10.91. The firm’s 50 day moving average is $8.14 and its 200-day moving average is $6.64. The stock has a market capitalization of $2.04 billion, a PE ratio of -7.83, a P/E/G 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 announced its 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 for the quarter, compared to the consensus estimate of $262.20 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. Equities research analysts forecast that SSR Mining Inc. will post 0.73 EPS for the current 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.