SSR Mining Inc. (NASDAQ:SSRM) Shares Purchased by Seven Eight Capital LP

Seven Eight Capital LP grew its stake in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 200.3% during the second quarter, HoldingsChannel reports. The firm owned 68,240 shares of the basic materials company’s stock after buying an additional 45,514 shares during the period. Seven Eight Capital LP’s holdings in SSR Mining were worth $308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. CWM LLC lifted its position in SSR Mining by 178.5% during the 1st quarter. CWM LLC now owns 6,126 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 3,926 shares in the last quarter. Creekmur Asset Management LLC acquired a new position in shares of SSR Mining during the fourth quarter worth $40,000. Abich Financial Wealth Management LLC purchased a new position in shares of SSR Mining in the first quarter valued at $41,000. HB Wealth Management LLC acquired a new stake in SSR Mining during the 2nd quarter valued at $56,000. Finally, Bleakley Financial Group LLC acquired a new position in SSR Mining in the 1st quarter worth $72,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

SSR Mining Trading Up 2.9 %

Shares of NASDAQ SSRM opened at $6.00 on Monday. SSR Mining Inc. has a 52-week low of $3.76 and a 52-week high of $14.73. The company has a quick ratio of 1.78, a current ratio of 3.54 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.21 billion, a P/E ratio of -2.90, a PEG ratio of 0.58 and a beta of 0.73. The stock’s 50 day moving average price is $5.25 and its two-hundred day moving average price is $5.03.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. SSR Mining had a negative net margin of 39.15% and a positive return on equity of 5.01%. The firm had revenue of $184.84 million during the quarter. On average, analysts anticipate that SSR Mining Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on SSRM shares. UBS Group lowered their target price on SSR Mining from $6.50 to $6.30 and set a “buy” rating for the company in a research note on Thursday, August 8th. CIBC upped their target price on SSR Mining from $5.50 to $5.75 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.89.

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.