SSR Mining Inc. (NASDAQ:SSRM) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,327,251 shares of the basic materials company’s stock after acquiring an additional 75,563 shares during the period. Charles Schwab Investment Management Inc.’s holdings in SSR Mining were worth $7,542,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in SSR Mining in the second quarter valued at about $32,000. Quarry LP grew its stake in shares of SSR Mining by 119.7% in the second quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock valued at $47,000 after buying an additional 5,649 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of SSR Mining during the 2nd quarter valued at about $56,000. SeaCrest Wealth Management LLC acquired a new position in SSR Mining during the 3rd quarter worth approximately $57,000. Finally, Xponance Inc. purchased a new position in SSR Mining in the 2nd quarter worth approximately $58,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

SSR Mining Price Performance

NASDAQ SSRM opened at $8.12 on Thursday. The company has a quick ratio of 1.97, a current ratio of 3.91 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.64 billion, a PE ratio of -3.40, a price-to-earnings-growth ratio of 1.05 and a beta of 0.69. The company has a 50 day moving average price of $5.99 and a two-hundred day moving average price of $5.44. SSR Mining Inc. has a 12-month low of $3.76 and a 12-month high of $11.35.

Wall Street Analyst Weigh In

SSRM has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research note on Tuesday, October 15th. StockNews.com downgraded shares of SSR Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.18.

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.