11,779 Shares in SSR Mining Inc. (NASDAQ:SSRM) Purchased by Private Advisor Group LLC

Private Advisor Group LLC purchased a new stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,779 shares of the basic materials company’s stock, valued at approximately $127,000.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of SSR Mining during the fourth quarter worth $111,000. Headlands Technologies LLC acquired a new stake in SSR Mining in the 4th quarter worth about $120,000. Teza Capital Management LLC bought a new stake in SSR Mining in the 3rd quarter valued at about $201,000. Cadence Wealth Management LLC acquired a new position in shares of SSR Mining during the 4th quarter worth approximately $250,000. Finally, Cerity Partners LLC bought a new position in shares of SSR Mining during the fourth quarter worth approximately $255,000. 68.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group downgraded SSR Mining from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $17.00 to $5.00 in a research report on Thursday, February 22nd. Scotiabank cut SSR Mining from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, February 14th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $3.00 price objective (down previously from $6.00) on shares of SSR Mining in a research report on Tuesday, February 20th. CIBC lowered shares of SSR Mining from a “sector outperform” rating to a “neutral” rating and decreased their target price for the company from $18.50 to $6.00 in a report on Wednesday, February 14th. Finally, National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of SSR Mining in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.63.

SSR Mining Price Performance

SSRM stock opened at $5.43 on Monday. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -2.62, a P/E/G ratio of 0.56 and a beta of 0.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.07 and a quick ratio of 1.75. The company has a 50 day simple moving average of $5.06 and a 200 day simple moving average of $7.64. SSR Mining Inc. has a 1 year low of $3.76 and a 1 year high of $15.46.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings results on Tuesday, February 27th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.23. The company had revenue of $425.90 million during the quarter. SSR Mining had a negative net margin of 30.90% and a positive return on equity of 6.37%. During the same quarter last year, the company posted $0.12 earnings per share. Research analysts anticipate that SSR Mining Inc. will post 0.55 EPS for the current fiscal year.

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.