1 week Ago By ABMN Staff
Wellington Management Group LLP boosted its stake in shares of SSR Mining Inc. ( NASDAQ:SSRM – Free Report ) (TSE:SSO) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The fund owned 497,378 shares of the basic materials company’s stock after purchasing an additional 1,884 shares during the period. Wellington Management Group LLP owned approximately 0.25% of SSR Mining worth $3,462,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of SSRM. US Bancorp DE lifted its stake in shares of SSR Mining by 62.4% during the fourth quarter.
US Bancorp DE now owns 3,540 shares of the basic materials company’s stock worth $25,000 after buying an additional 1,360 shares during the period. SBI Securities Co. Ltd.
acquired a new stake in SSR Mining during the 4th quarter worth about $29,000. Allianz SE acquired a new stake in SSR Mining during the 4th quarter worth about $30,000. Lincoln Capital LLC acquired a new position in shares of SSR Mining in the fourth quarter valued at about $70,000.
Finally, HighTower Advisors LLC raised its stake in shares of SSR Mining by 24.8% in the third 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 during the last quarter.
Institutional investors and hedge funds own 68.30% of the company’s stock. SSR Mining Stock Performance SSRM opened at $10.
65 on Friday. The firm has a fifty day moving average price of $10.06 and a 200 day moving average price of $7.
79. SSR Mining Inc. has a 1 year low of $4.
32 and a 1 year high of $11.48. The stock has a market cap of $2.
16 billion, a P/E ratio of -8.26, a P/E/G ratio of 0.37 and a beta of 0.
30. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.
70 and a quick ratio of 1.97. Analysts Set New Price Targets A number of equities research analysts recently commented on SSRM shares.
UBS Group upped their target price on SSR Mining from $12.10 to $12.35 and gave the company a “buy” rating in a research report on Friday.
CIBC increased their price objective on shares of SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th.
StockNews.com upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Royal Bank of Canada raised shares of SSR Mining from an “underperform” rating to a “sector perform” rating and upped their price target for the company from $5.
50 to $8.00 in a report on Wednesday, February 5th. Finally, National Bank Financial upgraded SSR Mining to a “hold” rating in a research note on Friday, March 21st.
Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, SSR Mining currently has an average rating of “Hold” and an average target price of $10.03.
Check Out Our Latest Analysis on SSRM SSR Mining Company Profile ( Free Report ) 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.
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