Cwm LLC Increases Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Cwm LLC grew its stake in SSR Mining Inc. (NASDAQ:SSRMFree Report) (TSE:SSO) by 178.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,126 shares of the basic materials company’s stock after acquiring an additional 3,926 shares during the quarter. Cwm LLC’s holdings in SSR Mining were worth $27,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Creekmur Asset Management LLC purchased a new stake in SSR Mining during the 4th quarter valued at about $40,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of SSR Mining by 10.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,750 shares of the basic materials company’s stock valued at $504,000 after acquiring an additional 4,502 shares in the last quarter. Penn Capital Management Company LLC raised its holdings in SSR Mining by 12.3% in the 4th quarter. Penn Capital Management Company LLC now owns 51,602 shares of the basic materials company’s stock worth $555,000 after acquiring an additional 5,639 shares during the last quarter. Russell Investments Group Ltd. lifted its position in SSR Mining by 17.9% in the 4th quarter. Russell Investments Group Ltd. now owns 62,462 shares of the basic materials company’s stock valued at $673,000 after acquiring an additional 9,481 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its stake in SSR Mining by 8.4% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 132,988 shares of the basic materials company’s stock valued at $1,428,000 after purchasing an additional 10,249 shares during the last quarter. 68.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SSRM shares. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of SSR Mining in a research note on Monday, April 8th. TheStreet downgraded shares of SSR Mining from a “c” rating to a “d” rating in a report on Wednesday, February 28th. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, May 24th. Finally, Desjardins downgraded SSR Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.63.

View Our Latest Research Report on SSR Mining

SSR Mining Trading Up 1.5 %

Shares of SSRM stock opened at $4.60 on Tuesday. The company has a market cap of $929.64 million, a PE ratio of -2.22, a price-to-earnings-growth ratio of 0.61 and a beta of 0.79. SSR Mining Inc. has a 1 year low of $3.76 and a 1 year high of $15.27. The stock’s 50 day simple moving average is $5.20 and its two-hundred day simple moving average is $6.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.07 and a quick ratio of 1.75.

SSR Mining (NASDAQ:SSRMGet Free Report) (TSE:SSO) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.13. SSR Mining had a positive return on equity of 6.37% and a negative net margin of 30.90%. The company had revenue of $230.23 million during the quarter. Research analysts predict that SSR Mining Inc. will post 0.43 earnings per share for the current year.

SSR Mining 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.

See Also

Want to see what other hedge funds are holding SSRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SSR Mining Inc. (NASDAQ:SSRMFree Report) (TSE:SSO).

Institutional Ownership by Quarter for SSR Mining (NASDAQ:SSRM)

Receive News & Ratings for SSR Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSR Mining and related companies with MarketBeat.com's FREE daily email newsletter.