Lincoln Capital LLC Invests $70,000 in SSR Mining Inc. (NASDAQ:SSRM)

Lincoln Capital LLC acquired a new position in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,000 shares of the basic materials company’s stock, valued at approximately $70,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SSRM. Rhumbline Advisers grew its position in SSR Mining by 76.3% during the 2nd quarter. Rhumbline Advisers now owns 323,311 shares of the basic materials company’s stock worth $1,458,000 after purchasing an additional 139,944 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of SSR Mining during the second quarter valued at $3,289,000. Seven Eight Capital LP increased its position in shares of SSR Mining by 200.3% in the 2nd quarter. Seven Eight Capital LP now owns 68,240 shares of the basic materials company’s stock valued at $308,000 after acquiring an additional 45,514 shares during the period. Xponance Inc. purchased a new position in SSR Mining in the 2nd quarter worth $58,000. Finally, Toronto Dominion Bank grew its stake in SSR Mining by 96.6% during the 2nd quarter. Toronto Dominion Bank now owns 20,145 shares of the basic materials company’s stock valued at $91,000 after purchasing an additional 9,900 shares during the last quarter. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. UBS Group upped their target price on SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research report on Tuesday, October 15th. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, SSR Mining has a consensus rating of “Hold” and a consensus price target of $5.18.

SSR Mining Trading Down 0.9 %

SSRM opened at $7.62 on Monday. The company has a fifty day moving average of $6.66 and a two-hundred day moving average of $5.90. The company has a quick ratio of 1.97, a current ratio of 3.91 and a debt-to-equity ratio of 0.08. SSR Mining Inc. has a fifty-two week low of $3.76 and a fifty-two week high of $10.03.

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.