denkapparat Operations GmbH Purchases Shares of 14,374 SSR Mining Inc. (NASDAQ:SSRM)

denkapparat Operations GmbH acquired a new position in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) in the fourth quarter, Holdings Channel reports. The fund acquired 14,374 shares of the basic materials company’s stock, valued at approximately $100,000.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in SSR Mining by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company’s stock worth $8,794,000 after purchasing an additional 220,349 shares during the period. Two Sigma Advisers LP lifted its position in shares of SSR Mining by 16.2% during the 3rd quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock worth $18,860,000 after buying an additional 462,000 shares during the period. Franklin Resources Inc. boosted its stake in SSR Mining by 649.6% in the 3rd quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company’s stock valued at $847,000 after buying an additional 127,401 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in SSR Mining by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,327,251 shares of the basic materials company’s stock valued at $7,542,000 after acquiring an additional 75,563 shares during the period. Finally, Verition Fund Management LLC raised its stake in SSR Mining by 177.5% during the third quarter. Verition Fund Management LLC now owns 105,763 shares of the basic materials company’s stock worth $601,000 after acquiring an additional 67,657 shares in the last quarter. 68.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

SSR Mining Trading Down 2.9 %

Shares of NASDAQ SSRM opened at $10.88 on Friday. SSR Mining Inc. has a 1-year low of $4.32 and a 1-year high of $11.48. The company has a 50-day moving average of $9.59 and a two-hundred day moving average of $7.45. The company has a market cap of $2.20 billion, a PE ratio of -8.43, a P/E/G ratio of 0.37 and a beta of 0.53. 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 (NASDAQ:SSRM) (TSE:SSO) last posted 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). The firm had revenue of $323.19 million for the quarter, compared to analyst estimates of $262.20 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. As a group, equities analysts expect that SSR Mining Inc. will post 0.73 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.