Cerity Partners LLC Purchases Shares of 23,764 SSR Mining Inc. (NASDAQ:SSRM)

Cerity Partners LLC purchased a new stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 23,764 shares of the basic materials company’s stock, valued at approximately $255,000.

Several other large investors have also recently added to or reduced their stakes in SSRM. International Assets Investment Management LLC acquired a new position in SSR Mining in the 4th quarter valued at approximately $111,000. Teza Capital Management LLC acquired a new position in shares of SSR Mining in the 3rd quarter worth approximately $201,000. Hsbc Holdings PLC acquired a new position in shares of SSR Mining in the 3rd quarter worth approximately $259,000. SG Americas Securities LLC acquired a new position in shares of SSR Mining in the 3rd quarter worth approximately $262,000. Finally, Trexquant Investment LP acquired a new position in shares of SSR Mining in the 3rd quarter worth approximately $353,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SSRM. Royal Bank of Canada reissued an “underperform” rating and issued a $3.00 target price (down from $6.00) on shares of SSR Mining in a report on Tuesday, February 20th. Desjardins lowered SSR Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Scotiabank lowered SSR Mining from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, February 14th. UBS Group lowered SSR Mining from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $17.00 to $5.00 in a research report on Thursday, February 22nd. Finally, TD Securities lowered SSR Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.63.

SSR Mining Stock Up 0.9 %

Shares of SSRM opened at $5.57 on Monday. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -10.92, a PEG ratio of 1.72 and a beta of 0.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.99 and a current ratio of 7.01. The business’s fifty day moving average price is $4.63 and its two-hundred day moving average price is $8.75. SSR Mining Inc. has a 52 week low of $3.76 and a 52 week high of $17.72.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings data on Tuesday, February 27th. The basic materials company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business posted $0.12 earnings per share. On average, analysts predict that SSR Mining Inc. will post 0.18 earnings per share for the current 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.