4,239 Shares in SSR Mining Inc. (NASDAQ:SSRM) Acquired by Allianz SE

Allianz SE acquired a new stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,239 shares of the basic materials company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE increased its position in SSR Mining by 62.4% during the 4th quarter. US Bancorp DE now owns 3,540 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 1,360 shares during the period. SBI Securities Co. Ltd. acquired a new position in SSR Mining during the 4th quarter valued at about $29,000. Point72 DIFC Ltd purchased a new position in shares of SSR Mining in the 3rd quarter valued at approximately $47,000. Lincoln Capital LLC acquired a new position in SSR Mining during the 4th quarter valued at approximately $70,000. Finally, HighTower Advisors LLC grew its holdings in shares of SSR Mining by 24.8% during the third quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company’s stock valued at $75,000 after buying an additional 2,619 shares during the last quarter. Institutional investors own 68.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on SSRM shares. Royal Bank of Canada raised SSR Mining from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. StockNews.com upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, January 17th. UBS Group upped their price objective on shares of SSR Mining from $7.15 to $12.05 and gave the company a “buy” rating in a report on Tuesday, February 18th. CIBC lifted their price target on SSR Mining from $8.25 to $9.75 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Finally, National Bank Financial raised shares of SSR Mining to a “hold” rating in a research note on Friday, March 21st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.93.

SSR Mining Stock Performance

NASDAQ SSRM opened at $10.03 on Tuesday. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of -7.78, a PEG ratio of 0.37 and a beta of 0.53. The stock has a 50-day moving average of $9.64 and a 200 day moving average of $7.51. The company has a current ratio of 4.70, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. SSR Mining Inc. has a twelve month low of $4.32 and a twelve month high of $11.48.

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

SSR Mining 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.