B. Riley Wealth Advisors Inc. Purchases Shares of 83,987 SSR Mining Inc. (NASDAQ:SSRM)

B. Riley Wealth Advisors Inc. purchased a new stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 83,987 shares of the basic materials company’s stock, valued at approximately $904,000.

A number of other institutional investors have also recently bought and sold shares of SSRM. Creekmur Asset Management LLC acquired a new stake in shares of SSR Mining in the fourth quarter valued at approximately $40,000. Virtu Financial LLC acquired a new stake in shares of SSR Mining in the fourth quarter valued at approximately $895,000. Penn Capital Management Company LLC raised its holdings in shares of SSR Mining by 12.3% in the fourth quarter. Penn Capital Management Company LLC now owns 51,602 shares of the basic materials company’s stock valued at $555,000 after purchasing an additional 5,639 shares during the last quarter. Dean Capital Management raised its holdings in shares of SSR Mining by 22.6% in the fourth quarter. Dean Capital Management now owns 55,732 shares of the basic materials company’s stock valued at $600,000 after purchasing an additional 10,284 shares during the last quarter. Finally, CoreCommodity Management LLC raised its holdings in shares of SSR Mining by 815.2% in the fourth quarter. CoreCommodity Management LLC now owns 415,374 shares of the basic materials company’s stock valued at $4,469,000 after purchasing an additional 369,989 shares during the last quarter. Institutional investors own 68.30% of the company’s stock.

SSR Mining Trading Up 0.9 %

SSRM stock opened at $4.61 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.07 and a quick ratio of 1.75. The company has a fifty day moving average price of $5.23 and a two-hundred day moving average price of $6.82. SSR Mining Inc. has a one year low of $3.76 and a one year high of $15.27. The stock has a market cap of $931.63 million, a price-to-earnings ratio of -2.23, a price-to-earnings-growth ratio of 0.60 and a beta of 0.79.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.13. SSR Mining had a negative net margin of 30.90% and a positive return on equity of 6.37%. The firm had revenue of $230.23 million during the quarter. Equities analysts anticipate that SSR Mining Inc. will post 0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

SSRM has been the topic of a number of recent research reports. UBS Group downgraded shares of SSR Mining from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $17.00 to $5.00 in a report on Thursday, February 22nd. StockNews.com upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, May 24th. National Bank Financial restated a “sector perform spec overwgt” rating on shares of SSR Mining in a report on Monday, April 8th. TheStreet downgraded shares of SSR Mining from a “c” rating to a “d” rating in a report on Wednesday, February 28th. Finally, Desjardins downgraded shares of SSR Mining from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.63.

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.