161,620 Shares in SSR Mining Inc. (NASDAQ:SSRM) Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC purchased a new position in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 161,620 shares of the basic materials company’s stock, valued at approximately $721,000. SSR Mining accounts for 0.2% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 10th largest holding. Counterpoint Mutual Funds LLC owned 0.08% of SSR Mining as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in SSR Mining by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 7,686,085 shares of the basic materials company’s stock worth $102,148,000 after purchasing an additional 80,649 shares during the period. AustralianSuper Pty Ltd acquired a new stake in SSR Mining during the 4th quarter worth $50,352,000. Franklin Resources Inc. boosted its stake in SSR Mining by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 3,397,212 shares of the basic materials company’s stock worth $36,470,000 after purchasing an additional 18,503 shares during the period. Invesco Ltd. raised its position in SSR Mining by 1.2% during the 3rd quarter. Invesco Ltd. now owns 3,052,716 shares of the basic materials company’s stock worth $40,571,000 after buying an additional 35,808 shares during the last quarter. Finally, Norges Bank purchased a new position in SSR Mining during the 4th quarter worth $24,398,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

SSR Mining Price Performance

Shares of SSRM traded up $0.14 during trading hours on Wednesday, reaching $4.57. The company had a trading volume of 2,550,176 shares, compared to its average volume of 4,210,762. The firm has a 50 day simple moving average of $5.18 and a 200-day simple moving average of $6.59. The company has a current ratio of 3.07, a quick ratio of 1.75 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $923.60 million, a price-to-earnings ratio of -2.21, a PEG ratio of 0.58 and a beta of 0.79. SSR Mining Inc. has a 12-month low of $3.76 and a 12-month high of $15.27.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its earnings results on Wednesday, May 8th. The basic materials company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.13. SSR Mining had a negative net margin of 30.90% and a positive return on equity of 6.37%. The firm had revenue of $230.23 million during the quarter. Research analysts expect that SSR Mining Inc. will post 0.43 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.