SSR Mining Inc. (NASDAQ:SSRM) Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. lifted its position in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,224,200 shares of the basic materials company’s stock after buying an additional 116,620 shares during the quarter. Intact Investment Management Inc. owned approximately 0.60% of SSR Mining worth $13,138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SSRM. Van ECK Associates Corp grew its holdings in SSR Mining by 0.9% in the third quarter. Van ECK Associates Corp now owns 21,178,035 shares of the basic materials company’s stock valued at $281,455,000 after purchasing an additional 180,685 shares during the period. Vanguard Group Inc. grew its holdings in SSR Mining by 1.1% in the third quarter. Vanguard Group Inc. now owns 7,686,085 shares of the basic materials company’s stock valued at $102,148,000 after purchasing an additional 80,649 shares during the period. AustralianSuper Pty Ltd purchased a new stake in SSR Mining in the fourth quarter valued at approximately $50,352,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in SSR Mining by 3.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,644,819 shares of the basic materials company’s stock valued at $48,455,000 after purchasing an additional 111,218 shares during the period. Finally, Invesco Ltd. grew its holdings in SSR Mining by 1.2% in the third quarter. Invesco Ltd. now owns 3,052,716 shares of the basic materials company’s stock valued at $40,571,000 after purchasing an additional 35,808 shares during the period. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SSRM has been the topic of a number of recent research reports. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of SSR Mining in a research report on Monday, April 8th. TheStreet cut shares of SSR Mining from a “c” rating to a “d” rating in a research report on Wednesday, February 28th. Desjardins cut shares of SSR Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. UBS Group cut shares of SSR Mining from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $17.00 to $5.00 in a research report on Thursday, February 22nd. Finally, Scotiabank cut shares of SSR Mining from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.63.

SSR Mining Stock Up 0.9 %

SSRM traded up $0.05 during trading on Friday, hitting $5.57. The company had a trading volume of 2,902,127 shares, compared to its average volume of 3,938,053. The company has a market cap of $1.12 billion, a PE ratio of -10.92, a P/E/G ratio of 1.70 and a beta of 0.82. The business has a 50-day moving average of $4.63 and a 200-day moving average of $8.81. The company has a debt-to-equity ratio of 0.07, a current ratio of 7.01 and a quick ratio of 3.99. SSR Mining Inc. has a 1-year low of $3.76 and a 1-year high of $17.72.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings results on Tuesday, February 27th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.23. The firm had revenue of $425.90 million for the quarter. SSR Mining had a negative net margin of 6.87% and a positive return on equity of 6.27%. During the same period in the prior year, the company earned $0.12 earnings per share. As a group, analysts forecast that SSR Mining Inc. will post 0.18 earnings per share for the current year.

SSR Mining 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.