Aigen Investment Management LP Sells 8,530 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Aigen Investment Management LP trimmed its holdings in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 19.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,537 shares of the basic materials company’s stock after selling 8,530 shares during the period. Aigen Investment Management LP’s holdings in SSR Mining were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in shares of SSR Mining by 23.3% during the 2nd quarter. Principal Financial Group Inc. now owns 19,899 shares of the basic materials company’s stock valued at $90,000 after purchasing an additional 3,760 shares during the period. Quarry LP lifted its stake in SSR Mining by 119.7% in the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 5,649 shares in the last quarter. Cadence Wealth Management LLC boosted its holdings in SSR Mining by 17.1% in the 2nd quarter. Cadence Wealth Management LLC now owns 47,068 shares of the basic materials company’s stock valued at $213,000 after purchasing an additional 6,860 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SSR Mining during the 2nd quarter valued at $32,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of SSR Mining by 18.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 46,324 shares of the basic materials company’s stock worth $207,000 after purchasing an additional 7,277 shares during the period. Hedge funds and other institutional investors own 68.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised their price target on SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, SSR Mining presently has a consensus rating of “Hold” and a consensus price target of $7.01.

SSR Mining Stock Performance

Shares of SSRM stock opened at $5.51 on Friday. The business has a 50-day moving average price of $5.85 and a two-hundred day moving average price of $5.35. The firm has a market cap of $1.12 billion, a P/E ratio of -2.31, a price-to-earnings-growth ratio of 0.91 and a beta of 0.72. SSR Mining Inc. has a 12-month low of $3.76 and a 12-month high of $12.04. The company has a quick ratio of 1.97, a current ratio of 3.91 and a debt-to-equity ratio of 0.08.

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.