GSA Capital Partners LLP Grows Position in SSR Mining Inc. (NASDAQ:SSRM)

GSA Capital Partners LLP grew its holdings in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 185.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 351,496 shares of the basic materials company’s stock after buying an additional 228,413 shares during the quarter. GSA Capital Partners LLP owned 0.17% of SSR Mining worth $1,568,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SSRM. Capstone Investment Advisors LLC raised its holdings in SSR Mining by 207.6% in the first quarter. Capstone Investment Advisors LLC now owns 54,992 shares of the basic materials company’s stock valued at $245,000 after acquiring an additional 37,114 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in SSR Mining by 5.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,588,215 shares of the basic materials company’s stock valued at $16,003,000 after buying an additional 191,409 shares in the last quarter. Van ECK Associates Corp grew its position in SSR Mining by 4.5% in the 1st quarter. Van ECK Associates Corp now owns 21,439,627 shares of the basic materials company’s stock valued at $95,619,000 after buying an additional 929,850 shares in the last quarter. Simplicity Wealth LLC bought a new position in SSR Mining in the 1st quarter valued at about $72,000. Finally, Assenagon Asset Management S.A. acquired a new stake in SSR Mining in the 1st quarter valued at about $838,000. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

SSR Mining Stock Up 4.6 %

Shares of NASDAQ:SSRM traded up $0.21 during trading on Wednesday, hitting $4.81. 645,874 shares of the company’s stock traded hands, compared to its average volume of 4,340,961. The company has a market cap of $972.10 million, a price-to-earnings ratio of -2.22, a price-to-earnings-growth ratio of 0.57 and a beta of 0.72. The company has a 50-day moving average price of $5.05 and a 200-day moving average price of $6.21. The company has a current ratio of 3.07, a quick ratio of 1.75 and a debt-to-equity ratio of 0.08. SSR Mining Inc. has a 52 week low of $3.76 and a 52 week high of $15.27.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.13. The company had revenue of $230.23 million for the quarter. SSR Mining had a positive return on equity of 6.37% and a negative net margin of 30.90%. As a group, research analysts forecast that SSR Mining Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SSRM shares. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of SSR Mining in a research note on Monday, April 8th. StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, May 24th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $6.63.

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.