International Assets Investment Management LLC Invests $111,000 in SSR Mining Inc. (NASDAQ:SSRM)

International Assets Investment Management LLC bought a new stake in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 10,330 shares of the basic materials company’s stock, valued at approximately $111,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Teza Capital Management LLC acquired a new stake in SSR Mining during the third quarter valued at approximately $201,000. Hsbc Holdings PLC bought a new stake in SSR Mining in the third quarter valued at $259,000. SG Americas Securities LLC bought a new stake in SSR Mining in the third quarter valued at $262,000. Trexquant Investment LP acquired a new position in SSR Mining during the third quarter worth $353,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of SSR Mining by 6.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 32,911 shares of the basic materials company’s stock valued at $437,000 after acquiring an additional 1,970 shares during the period. Institutional investors own 68.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Scotiabank cut shares of SSR Mining from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, February 14th. Desjardins cut shares of SSR Mining from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. National Bank Financial reissued a “sector perform spec overwgt” rating on shares of SSR Mining in a report on Monday, April 8th. TD Securities downgraded SSR Mining from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, UBS Group lowered SSR Mining from a “buy” rating to a “neutral” rating and cut their price target for the company from $17.00 to $5.00 in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $6.63.

SSR Mining Stock Performance

SSRM stock opened at $5.63 on Tuesday. SSR Mining Inc. has a twelve month low of $3.76 and a twelve month high of $17.72. The company has a quick ratio of 3.99, a current ratio of 7.01 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.14 billion, a P/E ratio of -11.04, a price-to-earnings-growth ratio of 1.72 and a beta of 0.82. The business’s fifty day moving average is $4.65 and its 200-day moving average is $8.70.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its earnings results on Tuesday, February 27th. The basic materials company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.23. The firm had revenue of $425.90 million for the quarter. SSR Mining had a positive return on equity of 6.27% and a negative net margin of 6.87%. During the same period in the previous year, the company posted $0.12 EPS. Equities research analysts forecast that SSR Mining Inc. will post 0.18 EPS for the current year.

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.