JPMorgan Chase & Co. Has $8.79 Million Stock Holdings in SSR Mining Inc. (NASDAQ:SSRM)

JPMorgan Chase & Co. grew its position in SSR Mining Inc. (NASDAQ:SSRMFree Report) (TSE:SSO) by 16.6% during the 3rd quarter, Holdings Channel reports. The firm owned 1,548,252 shares of the basic materials company’s stock after purchasing an additional 220,349 shares during the quarter. JPMorgan Chase & Co.’s holdings in SSR Mining were worth $8,794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new position in SSR Mining during the 2nd quarter worth about $3,289,000. Two Sigma Advisers LP lifted its position 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 in the last quarter. Mackenzie Financial Corp lifted its position in SSR Mining by 25.5% during the 2nd quarter. Mackenzie Financial Corp now owns 883,581 shares of the basic materials company’s stock worth $3,992,000 after buying an additional 179,601 shares in the last quarter. Franklin Resources Inc. lifted its position in SSR Mining by 649.6% during the 3rd quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company’s stock worth $847,000 after buying an additional 127,401 shares in the last quarter. Finally, Verition Fund Management LLC lifted its position in SSR Mining by 177.5% during the 3rd quarter. Verition Fund Management LLC now owns 105,763 shares of the basic materials company’s stock worth $601,000 after buying an additional 67,657 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

SSR Mining Stock Performance

SSR Mining stock opened at $7.05 on Tuesday. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. SSR Mining Inc. has a 1 year low of $3.76 and a 1 year high of $10.24. The company has a market cap of $1.43 billion, a PE ratio of -2.95, a PEG ratio of 1.23 and a beta of 0.61. The company’s 50-day moving average is $6.52 and its two-hundred day moving average is $5.82.

Analyst Upgrades and Downgrades

SSRM has been the topic of several research reports. StockNews.com upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Thursday, January 9th. UBS Group upped their target price on shares of SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research report on Tuesday, October 15th. One research analyst has 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 data from MarketBeat.com, SSR Mining currently has an average rating of “Hold” and a consensus price target of $5.18.

Get Our Latest Analysis on SSR Mining

SSR Mining Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for SSR Mining (NASDAQ:SSRM)

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