Duality Advisers LP Invests $841,000 in SSR Mining Inc. (NASDAQ:SSRM)

Duality Advisers LP bought a new position in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 78,146 shares of the basic materials company’s stock, valued at approximately $841,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in SSR Mining in the fourth quarter worth approximately $111,000. Teza Capital Management LLC purchased a new stake in SSR Mining in the third quarter worth approximately $201,000. IFP Advisors Inc purchased a new stake in SSR Mining in the third quarter worth approximately $221,000. Hsbc Holdings PLC purchased a new stake in SSR Mining in the third quarter worth approximately $259,000. Finally, SG Americas Securities LLC purchased a new stake in SSR Mining in the third quarter worth approximately $262,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

SSR Mining Trading Up 2.0 %

Shares of SSR Mining stock opened at $5.47 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.99 and a current ratio of 7.01. The business has a 50 day moving average of $4.61 and a 200 day moving average of $8.89. SSR Mining Inc. has a 52 week low of $3.76 and a 52 week high of $17.72.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its earnings results on Tuesday, February 27th. The basic materials company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.23. The company had revenue of $425.90 million during the quarter. SSR Mining had a positive return on equity of 6.27% and a negative net margin of 6.87%. During the same quarter in the prior year, the company earned $0.12 EPS. On average, equities research analysts predict that SSR Mining Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SSRM has been the subject of several research reports. UBS Group lowered SSR Mining from a “buy” rating to a “neutral” rating and cut their target price for the stock from $17.00 to $5.00 in a research note on Thursday, February 22nd. TheStreet downgraded SSR Mining from a “c” rating to a “d” rating in a research report on Wednesday, February 28th. Royal Bank of Canada reiterated an “underperform” rating and issued a $3.00 price objective (down previously from $6.00) on shares of SSR Mining in a research report on Tuesday, February 20th. TD Securities downgraded SSR Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, Scotiabank downgraded SSR Mining from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the stock 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.