Campbell & CO Investment Adviser LLC Purchases Shares of 37,958 SSR Mining Inc. (NASDAQ:SSRM)

Campbell & CO Investment Adviser LLC purchased a new stake in shares of SSR Mining Inc. (NASDAQ:SSRMFree Report) (TSE:SSO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 37,958 shares of the basic materials company’s stock, valued at approximately $408,000.

A number of other hedge funds also recently bought and sold shares of the business. Barclays PLC increased its holdings in SSR Mining by 4.7% during the 3rd quarter. Barclays PLC now owns 62,325 shares of the basic materials company’s stock valued at $828,000 after purchasing an additional 2,781 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in SSR Mining by 10.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,750 shares of the basic materials company’s stock valued at $504,000 after purchasing an additional 4,502 shares during the period. Russell Investments Group Ltd. increased its holdings in SSR Mining by 17.9% during the 4th quarter. Russell Investments Group Ltd. now owns 62,462 shares of the basic materials company’s stock valued at $673,000 after purchasing an additional 9,481 shares during the period. Nikko Asset Management Americas Inc. increased its holdings in SSR Mining by 8.4% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 132,988 shares of the basic materials company’s stock valued at $1,428,000 after purchasing an additional 10,249 shares during the period. Finally, Legato Capital Management LLC boosted its position in SSR Mining by 22.6% during the 4th quarter. Legato Capital Management LLC now owns 55,732 shares of the basic materials company’s stock valued at $600,000 after acquiring an additional 10,284 shares in the last quarter. Hedge funds and other institutional investors own 68.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SSRM. CIBC cut SSR Mining from a “sector outperform” rating to a “neutral” rating and cut their price objective for the company from $18.50 to $6.00 in a research report on Wednesday, February 14th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $3.00 price objective (down from $6.00) on shares of SSR Mining in a research report on Tuesday, February 20th. StockNews.com raised SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. UBS Group cut SSR Mining from a “buy” rating to a “neutral” rating and cut their price objective for the company from $17.00 to $5.00 in a research report on Thursday, February 22nd. Finally, Desjardins cut SSR Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.63.

Check Out Our Latest Stock Analysis on SSR Mining

SSR Mining Price Performance

Shares of NASDAQ SSRM opened at $5.14 on Tuesday. SSR Mining Inc. has a twelve month low of $3.76 and a twelve month high of $15.27. The firm has a market cap of $1.04 billion, a P/E ratio of -2.48, a PEG ratio of 0.66 and a beta of 0.79. The company has a 50 day moving average of $5.27 and a 200 day moving average of $7.14. The company has a quick ratio of 1.75, a current ratio of 3.07 and a debt-to-equity ratio of 0.08.

SSR Mining (NASDAQ:SSRMGet Free Report) (TSE:SSO) last announced its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.13. SSR Mining had a negative net margin of 30.90% and a positive return on equity of 6.37%. The company had revenue of $230.23 million during the quarter. As a group, research analysts expect that SSR Mining Inc. will post 0.43 EPS for the current fiscal year.

About SSR Mining

(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.

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

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