XTX Topco Ltd Takes $597,000 Position in SSR Mining Inc. (NASDAQ:SSRM)

XTX Topco Ltd bought a new position in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 85,820 shares of the basic materials company’s stock, valued at approximately $597,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Sterling Capital Management LLC boosted its holdings in shares of SSR Mining by 6.9% in the 4th quarter. Sterling Capital Management LLC now owns 89,459 shares of the basic materials company’s stock valued at $623,000 after purchasing an additional 5,790 shares during the last quarter. Heritage Trust Co acquired a new stake in SSR Mining during the fourth quarter worth about $139,000. Federated Hermes Inc. raised its holdings in shares of SSR Mining by 53.9% in the 4th quarter. Federated Hermes Inc. now owns 3,671,138 shares of the basic materials company’s stock worth $25,551,000 after purchasing an additional 1,285,347 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of SSR Mining by 18.9% during the 4th quarter. Russell Investments Group Ltd. now owns 23,253 shares of the basic materials company’s stock worth $162,000 after purchasing an additional 3,693 shares during the period. Finally, Trexquant Investment LP increased its position in SSR Mining by 1,582.3% during the 4th quarter. Trexquant Investment LP now owns 324,461 shares of the basic materials company’s stock worth $2,258,000 after purchasing an additional 305,174 shares in the last quarter. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

SSR Mining Price Performance

Shares of SSRM opened at $10.84 on Friday. SSR Mining Inc. has a 52 week low of $4.32 and a 52 week high of $11.48. The company has a current ratio of 4.70, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -8.40, a PEG ratio of 0.37 and a beta of 0.30. The stock has a 50 day moving average of $10.23 and a 200-day moving average of $7.95.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its earnings results on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $323.19 million for the quarter, compared to the consensus estimate of $262.20 million. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. As a group, analysts forecast that SSR Mining Inc. will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Royal Bank of Canada upgraded shares of SSR Mining from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from $5.50 to $8.00 in a research note on Wednesday, February 5th. UBS Group increased their target price on SSR Mining from $12.10 to $12.35 and gave the company a “buy” rating in a research note on Friday, April 11th. CIBC upped their price target on SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Finally, National Bank Financial raised shares of 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 given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.03.

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.