Raymond James & Associates Increases Position in SSR Mining Inc (NASDAQ:SSRM)

Raymond James & Associates lifted its stake in shares of SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) by 236.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 79,314 shares of the basic materials company’s stock after buying an additional 55,728 shares during the quarter. Raymond James & Associates owned about 0.07% of SSR Mining worth $959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in SSRM. Ruffer LLP acquired a new stake in shares of SSR Mining during the 4th quarter worth approximately $20,866,000. Investec Asset Management LTD grew its position in shares of SSR Mining by 41.2% during the 4th quarter. Investec Asset Management LTD now owns 5,092,214 shares of the basic materials company’s stock worth $61,565,000 after buying an additional 1,486,116 shares during the period. Morgan Stanley grew its position in shares of SSR Mining by 80.6% during the 3rd quarter. Morgan Stanley now owns 1,231,032 shares of the basic materials company’s stock worth $10,722,000 after buying an additional 549,539 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of SSR Mining during the 4th quarter worth approximately $2,094,000. Finally, ETF Managers Group LLC acquired a new stake in shares of SSR Mining during the 4th quarter worth approximately $1,908,000. 54.57% of the stock is owned by institutional investors.

NASDAQ SSRM traded up $0.23 during mid-day trading on Wednesday, hitting $11.80. The company’s stock had a trading volume of 773,584 shares, compared to its average volume of 943,561. The company has a current ratio of 8.81, a quick ratio of 6.01 and a debt-to-equity ratio of 0.25. The company has a market cap of $1.40 billion, a P/E ratio of 51.30 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 posted its quarterly earnings data on Thursday, February 21st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The firm had revenue of $103.71 million for the quarter. SSR Mining had a net margin of 1.57% and a return on equity of 3.31%. Sell-side analysts predict that SSR Mining Inc will post 0.3 EPS for the current year.

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

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About SSR Mining

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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