Charles Schwab Investment Management Inc. Purchases 51,408 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Charles Schwab Investment Management Inc. raised its position in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,378,659 shares of the basic materials company’s stock after purchasing an additional 51,408 shares during the period. Charles Schwab Investment Management Inc.’s holdings in SSR Mining were worth $9,614,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SSRM. US Bancorp DE boosted its holdings in SSR Mining by 62.4% in the 4th quarter. US Bancorp DE now owns 3,540 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 1,360 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of SSR Mining during the 4th quarter worth $29,000. Point72 DIFC Ltd bought a new stake in shares of SSR Mining during the 3rd quarter worth $47,000. Lincoln Capital LLC bought a new stake in shares of SSR Mining during the 4th quarter worth $70,000. Finally, HighTower Advisors LLC lifted its holdings 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 during the last quarter. 68.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

SSR Mining Price Performance

SSRM stock opened at $10.88 on Friday. The firm’s 50-day moving average price is $9.24 and its two-hundred day moving average price is $7.26. SSR Mining Inc. has a 12-month low of $3.96 and a 12-month high of $11.38. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -8.43, a PEG ratio of 0.37 and a beta of 0.53. 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 released its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. The firm had revenue of $323.19 million during the quarter, compared to analysts’ expectations of $262.20 million. As a group, equities analysts predict that SSR Mining Inc. will post 0.73 earnings per share for the current year.

SSR Mining Company 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.