Blue Trust Inc. Purchases 31,074 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Blue Trust Inc. lifted its position in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 2,017.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,614 shares of the basic materials company’s stock after purchasing an additional 31,074 shares during the quarter. Blue Trust Inc.’s holdings in SSR Mining were worth $185,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in SSRM. Principal Financial Group Inc. boosted its holdings in SSR Mining by 23.3% in the second quarter. Principal Financial Group Inc. now owns 19,899 shares of the basic materials company’s stock worth $90,000 after acquiring an additional 3,760 shares in the last quarter. Quarry LP boosted its holdings in SSR Mining by 119.7% in the second quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 5,649 shares in the last quarter. Oak Thistle LLC boosted its holdings in SSR Mining by 20.0% in the first quarter. Oak Thistle LLC now owns 40,083 shares of the basic materials company’s stock worth $179,000 after acquiring an additional 6,680 shares in the last quarter. Cadence Wealth Management LLC boosted its holdings in SSR Mining by 17.1% in the second quarter. Cadence Wealth Management LLC now owns 47,068 shares of the basic materials company’s stock worth $213,000 after acquiring an additional 6,860 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in SSR Mining in the second quarter worth $32,000. 68.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on SSRM. UBS Group boosted their target price on SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a report on Tuesday, October 15th. CIBC boosted their price target on SSR Mining from $5.50 to $5.75 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, SSR Mining presently has an average rating of “Hold” and an average price target of $7.01.

SSR Mining Stock Down 4.1 %

SSRM stock opened at $6.15 on Friday. SSR Mining Inc. has a 1-year low of $3.76 and a 1-year high of $14.32. The business has a fifty day moving average price of $5.66 and a 200-day moving average price of $5.29. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.54 and a quick ratio of 1.78. The stock has a market capitalization of $1.24 billion, a P/E ratio of -2.59, a P/E/G ratio of 0.83 and a beta of 0.73.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $184.84 million during the quarter. SSR Mining had a positive return on equity of 5.01% and a negative net margin of 39.15%. Equities analysts forecast that SSR Mining Inc. will post 0.44 earnings per share 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.