SSR Mining Inc. (NASDAQ:SSRM) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its holdings in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,064 shares of the basic materials company’s stock after acquiring an additional 1,282 shares during the period. CIBC Asset Management Inc’s holdings in SSR Mining were worth $1,729,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cibc World Market Inc. boosted its position in SSR Mining by 22.1% during the 4th quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company’s stock worth $25,967,000 after purchasing an additional 674,793 shares during the period. Two Sigma Advisers LP boosted its position in shares of SSR Mining by 16.2% in the third 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. Tidal Investments LLC boosted its position in shares of SSR Mining by 6.4% in the third quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company’s stock worth $15,713,000 after buying an additional 166,130 shares during the period. National Bank of Canada FI grew its stake in shares of SSR Mining by 3.8% in the third quarter. National Bank of Canada FI now owns 2,737,848 shares of the basic materials company’s stock valued at $15,551,000 after buying an additional 100,946 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of SSR Mining by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company’s stock valued at $8,794,000 after buying an additional 220,349 shares during the period. Hedge funds and other institutional investors own 68.30% of the company’s stock.

SSR Mining Stock Down 2.6 %

SSRM stock opened at $10.23 on Friday. The company has a market capitalization of $2.07 billion, a P/E ratio of -7.93 and a beta of 0.62. The firm has a 50 day simple moving average of $7.89 and a 200-day simple moving average of $6.47. 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 $3.90 and a twelve month high of $10.91.

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 for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company 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%. On average, equities research analysts predict that SSR Mining Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SSRM has been the subject of a number of analyst reports. UBS Group upped their price target on SSR Mining from $7.15 to $12.05 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank of Canada raised shares of SSR Mining from an “underperform” rating to a “sector perform” rating and raised their price target for the company from $5.50 to $8.00 in a report on Wednesday, February 5th. CIBC lifted their price target on shares of SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, SSR Mining presently has a consensus rating of “Hold” and an average target price of $9.93.

SSR Mining Company 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.