Two Sigma Investments LP Invests $2.91 Million in SSR Mining Inc (NASDAQ:SSRM) Stock

Two Sigma Investments LP purchased a new position in shares of SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 240,696 shares of the basic materials company’s stock, valued at approximately $2,912,000. Two Sigma Investments LP owned 0.20% of SSR Mining as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of SSR Mining during the third quarter worth about $135,000. D.A. Davidson & CO. purchased a new position in shares of SSR Mining during the fourth quarter worth about $216,000. LPL Financial LLC purchased a new position in shares of SSR Mining during the fourth quarter worth about $239,000. Sigma Planning Corp grew its holdings in shares of SSR Mining by 29.2% during the fourth quarter. Sigma Planning Corp now owns 25,638 shares of the basic materials company’s stock worth $310,000 after buying an additional 5,787 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in shares of SSR Mining by 168.9% during the fourth quarter. Advisor Group Inc. now owns 28,179 shares of the basic materials company’s stock worth $340,000 after buying an additional 17,699 shares during the last quarter. Institutional investors and hedge funds own 54.57% of the company’s stock.

A number of equities research analysts have weighed in on the company. BidaskClub lowered SSR Mining from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. ValuEngine lowered SSR Mining from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. Zacks Investment Research raised SSR Mining from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, January 15th. Scotiabank lowered SSR Mining from an “outperform” rating to a “sector perform” rating and set a $12.00 price target on the stock. in a research note on Tuesday, April 2nd. Finally, B. Riley assumed coverage on SSR Mining in a research note on Friday, March 1st. They set a “neutral” rating and a $14.70 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.37.

SSRM traded down $0.02 during trading on Friday, hitting $11.73. The company’s stock had a trading volume of 528,016 shares, compared to its average volume of 792,014. The company has a debt-to-equity ratio of 0.25, a quick ratio of 6.01 and a current ratio of 8.81. The company has a market capitalization of $1.42 billion, a PE ratio of 51.00 and a beta of -0.55. SSR Mining Inc has a twelve month low of $8.11 and a twelve month high of $15.17.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings data on Thursday, February 21st. The basic materials company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $103.71 million during the quarter. SSR Mining had a return on equity of 3.31% and a net margin of 1.57%. As a group, equities research analysts forecast that SSR Mining Inc will post 0.3 earnings per share for the current fiscal year.

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SSR Mining Company Profile

SSR Mining Inc engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.

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Institutional Ownership by Quarter for SSR Mining (NASDAQ:SSRM)

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