SSR Mining Inc. (NASDAQ:SSRM) Shares Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC increased its holdings in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 28.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,563 shares of the basic materials company’s stock after purchasing an additional 27,620 shares during the period. Counterpoint Mutual Funds LLC owned approximately 0.06% of SSR Mining worth $867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Cibc World Markets Corp purchased a new position in shares of SSR Mining in the 4th quarter valued at about $132,000. Swiss National Bank grew its position in shares of SSR Mining by 0.6% in the fourth quarter. Swiss National Bank now owns 399,900 shares of the basic materials company’s stock valued at $2,792,000 after purchasing an additional 2,500 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of SSR Mining during the 4th quarter worth $1,265,000. Sequoia Financial Advisors LLC acquired a new position in SSR Mining in the 4th quarter valued at about $96,000. Finally, Proficio Capital Partners LLC acquired a new stake in SSR Mining during the fourth quarter worth $158,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

SSR Mining Stock Up 0.2 %

SSR Mining stock opened at $10.72 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. SSR Mining Inc. has a 1-year low of $3.91 and a 1-year high of $10.91. The company has a market cap of $2.17 billion, a PE ratio of -8.31, a price-to-earnings-growth ratio of 0.37 and a beta of 0.53. The stock’s 50 day moving average price is $8.87 and its 200 day moving average price is $7.06.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its earnings results on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $323.19 million during the quarter, compared to analyst estimates of $262.20 million. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. On average, sell-side analysts predict that SSR Mining Inc. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their price objective on SSR Mining from $7.15 to $12.05 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada upgraded SSR Mining from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from $5.50 to $8.00 in a report on Wednesday, February 5th. CIBC raised their price objective on SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Finally, StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.93.

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.