Bleakley Financial Group LLC Grows Stake in SSR Mining Inc. (NASDAQ:SSRM)

Bleakley Financial Group LLC boosted its holdings in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 24.8% during the 4th quarter, Holdings Channel reports. The fund owned 25,461 shares of the basic materials company’s stock after buying an additional 5,066 shares during the period. Bleakley Financial Group LLC’s holdings in SSR Mining were worth $178,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in SSR Mining by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company’s stock worth $8,794,000 after purchasing an additional 220,349 shares in the last quarter. Two Sigma Advisers LP grew its stake in SSR Mining by 16.2% during the 3rd quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock worth $18,860,000 after buying an additional 462,000 shares during the last quarter. Franklin Resources Inc. raised its stake in SSR Mining by 649.6% in the third quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company’s stock valued at $847,000 after buying an additional 127,401 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of SSR Mining by 177.5% during the third quarter. Verition Fund Management LLC now owns 105,763 shares of the basic materials company’s stock worth $601,000 after acquiring an additional 67,657 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of SSR Mining by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,327,251 shares of the basic materials company’s stock valued at $7,542,000 after purchasing an additional 75,563 shares during the last quarter. 68.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SSRM shares. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Royal Bank of Canada raised shares of SSR Mining from an “underperform” rating to a “sector perform” rating and raised their target price for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.85.

SSR Mining Stock Up 1.5 %

SSRM stock opened at $9.22 on Thursday. The firm’s fifty day moving average is $7.53 and its 200 day moving average is $6.27. The firm has a market cap of $1.87 billion, a PE ratio of -3.86 and a beta of 0.62. SSR Mining Inc. has a one year low of $3.76 and a one year high of $9.60. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91.

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.