SSR Mining Inc. (NASDAQ:SSRM) Shares Purchased by Cwm LLC

Cwm LLC boosted its holdings in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 226.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,202 shares of the basic materials company’s stock after acquiring an additional 15,411 shares during the period. Cwm LLC’s holdings in SSR Mining were worth $126,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SSRM. D. E. Shaw & Co. Inc. grew its stake in SSR Mining by 45.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 8,228,572 shares of the basic materials company’s stock valued at $37,124,000 after acquiring an additional 2,587,212 shares in the last quarter. Tidal Investments LLC purchased a new stake in SSR Mining during the 1st quarter valued at about $6,485,000. National Bank of Canada FI grew its stake in SSR Mining by 73.7% during the 2nd quarter. National Bank of Canada FI now owns 2,636,902 shares of the basic materials company’s stock valued at $11,815,000 after acquiring an additional 1,118,417 shares in the last quarter. Van ECK Associates Corp grew its stake in SSR Mining by 4.5% during the 1st quarter. Van ECK Associates Corp now owns 21,439,627 shares of the basic materials company’s stock valued at $95,619,000 after acquiring an additional 929,850 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in SSR Mining during the 2nd quarter valued at about $3,289,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

SSR Mining Stock Performance

SSR Mining stock opened at $6.41 on Friday. The firm has a 50 day simple moving average of $5.64 and a 200-day simple moving average of $5.28. SSR Mining Inc. has a 1-year low of $3.76 and a 1-year high of $14.52. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.54 and a quick ratio of 1.78. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -2.70, a price-to-earnings-growth ratio of 0.83 and a beta of 0.73.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $184.84 million during the quarter. SSR Mining had a negative net margin of 39.15% and a positive return on equity of 5.01%. On average, analysts expect that SSR Mining Inc. will post 0.44 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. UBS Group upped their price objective on shares of SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research note on Tuesday, October 15th. CIBC increased their price target on shares of SSR Mining from $5.50 to $5.75 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, SSR Mining currently has a consensus rating of “Hold” and a consensus price target of $7.01.

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.