Xponance Inc. Buys 1,222 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Xponance Inc. lifted its position in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,387 shares of the basic materials company’s stock after buying an additional 1,222 shares during the quarter. Xponance Inc.’s holdings in SSR Mining were worth $100,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of 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 acquiring an additional 1,360 shares during the period. SBI Securities Co. Ltd. bought a new position in SSR Mining during the fourth quarter worth about $29,000. Point72 DIFC Ltd bought a new position in SSR Mining during the third quarter worth about $47,000. Lincoln Capital LLC acquired a new position in SSR Mining during the fourth quarter worth approximately $70,000. Finally, HighTower Advisors LLC raised its stake in SSR Mining by 24.8% in the third quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company’s stock valued at $75,000 after buying an additional 2,619 shares during the period. 68.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on SSRM. UBS Group boosted 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. National Bank Financial upgraded shares of SSR Mining to a “hold” rating in a report on Friday, March 21st. Royal Bank of Canada upgraded 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 research note on Wednesday, February 5th. StockNews.com upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Finally, CIBC raised their price objective 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. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.93.

SSR Mining Trading Down 2.9 %

SSRM stock opened at $10.88 on Friday. SSR Mining Inc. has a 52 week low of $4.32 and a 52 week high of $11.48. The company has a market capitalization of $2.20 billion, a PE ratio of -8.43, a price-to-earnings-growth ratio of 0.37 and a beta of 0.53. The company’s 50-day simple moving average is $9.59 and its 200 day simple moving average is $7.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 4.70.

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%. As a group, sell-side analysts anticipate that SSR Mining Inc. will post 0.73 earnings per share for the current year.

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.