Headlands Technologies LLC Makes New $120,000 Investment in SSR Mining Inc. (NASDAQ:SSRM)

Headlands Technologies LLC purchased a new stake in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,191 shares of the basic materials company’s stock, valued at approximately $120,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its position in SSR Mining by 6.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 32,911 shares of the basic materials company’s stock valued at $437,000 after purchasing an additional 1,970 shares during the period. Barclays PLC increased its holdings in SSR Mining by 4.7% during the third quarter. Barclays PLC now owns 62,325 shares of the basic materials company’s stock valued at $828,000 after buying an additional 2,781 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in SSR Mining by 3.7% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 122,739 shares of the basic materials company’s stock worth $1,631,000 after buying an additional 4,423 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in SSR Mining by 10.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,750 shares of the basic materials company’s stock worth $504,000 after buying an additional 4,502 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in SSR Mining by 13.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,248 shares of the basic materials company’s stock valued at $564,000 after acquiring an additional 5,033 shares in the last quarter. 68.30% of the stock is currently owned by institutional investors.

SSR Mining Trading Up 1.1 %

Shares of NASDAQ:SSRM opened at $5.63 on Tuesday. The business’s 50 day moving average price is $4.65 and its 200-day moving average price is $8.70. The company has a current ratio of 7.01, a quick ratio of 3.99 and a debt-to-equity ratio of 0.07. 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 issued its quarterly earnings results on Tuesday, February 27th. The basic materials company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.23. SSR Mining had a negative net margin of 6.87% and a positive return on equity of 6.27%. The firm had revenue of $425.90 million for the quarter. During the same period in the prior year, the business posted $0.12 earnings per share. Research analysts anticipate that SSR Mining Inc. will post 0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

SSRM has been the subject of a number of analyst reports. CIBC cut SSR Mining from a “sector outperform” rating to a “neutral” rating and decreased their price objective for the stock from $18.50 to $6.00 in a research note on Wednesday, February 14th. National Bank Financial restated a “sector perform spec overwgt” rating on shares of SSR Mining in a report on Monday, April 8th. Desjardins downgraded shares of SSR Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. TD Securities cut shares of SSR Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, UBS Group lowered shares of SSR Mining from a “buy” rating to a “neutral” rating and cut their price target for the stock from $17.00 to $5.00 in a report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, SSR Mining presently has an average rating of “Hold” and a consensus price target 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.