Charles Schwab Investment Management Inc. Grows Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Charles Schwab Investment Management Inc. increased its stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 6.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,327,251 shares of the basic materials company’s stock after acquiring an additional 75,563 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.66% of SSR Mining worth $7,542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SSRM. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SSR Mining in the second quarter valued at approximately $32,000. Quarry LP increased its stake in SSR Mining by 119.7% in the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock valued at $47,000 after buying an additional 5,649 shares during the period. HB Wealth Management LLC purchased a new position in SSR Mining during the 2nd quarter worth $56,000. SeaCrest Wealth Management LLC acquired a new stake in shares of SSR Mining in the 3rd quarter worth $57,000. Finally, Xponance Inc. purchased a new stake in shares of SSR Mining in the second quarter valued at about $58,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

SSR Mining Trading Up 7.7 %

NASDAQ:SSRM opened at $8.12 on Thursday. SSR Mining Inc. has a 52-week low of $3.76 and a 52-week high of $11.35. The company has a quick ratio of 1.97, a current ratio of 3.91 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $5.99 and a 200-day simple moving average of $5.44. The company has a market capitalization of $1.64 billion, a PE ratio of -3.40, a price-to-earnings-growth ratio of 1.05 and a beta of 0.69.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. StockNews.com cut SSR Mining from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. UBS Group boosted their target price on shares of SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.18.

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.