19,929 Shares in SSR Mining Inc. (NASDAQ:SSRM) Bought by AXQ Capital LP

AXQ Capital LP purchased a new stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,929 shares of the basic materials company’s stock, valued at approximately $139,000.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE increased its position in SSR Mining by 62.4% in the 4th quarter. US Bancorp DE now owns 3,540 shares of the basic materials company’s stock valued at $25,000 after buying an additional 1,360 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in SSR Mining in the fourth quarter valued at approximately $29,000. Point72 DIFC Ltd bought a new stake in shares of SSR Mining during the third quarter valued at approximately $47,000. Lincoln Capital LLC acquired a new position in shares of SSR Mining during the fourth quarter worth approximately $70,000. Finally, HighTower Advisors LLC lifted its holdings in shares of SSR Mining by 24.8% in the 3rd quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 2,619 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

SSR Mining Stock Performance

Shares of SSRM stock opened at $10.81 on Tuesday. SSR Mining Inc. has a one year low of $3.96 and a one year high of $11.38. The company has a market cap of $2.19 billion, a P/E ratio of -8.38, a P/E/G ratio of 0.37 and a beta of 0.53. The firm has a 50-day moving average of $9.32 and a 200-day moving average of $7.32. 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 (NASDAQ:SSRM) (TSE:SSO) last posted its earnings results on Tuesday, February 18th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $323.19 million for the quarter, compared to the consensus estimate of $262.20 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. Equities research analysts forecast that SSR Mining Inc. will post 0.73 EPS for the current fiscal year.

SSR Mining Company 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.