ETF Managers Group LLC lifted its position in shares of SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) by 12.6% during the first quarter, HoldingsChannel reports. The firm owned 177,756 shares of the basic materials company’s stock after acquiring an additional 19,860 shares during the period. ETF Managers Group LLC’s holdings in SSR Mining were worth $2,247,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spark Investment Management LLC bought a new stake in shares of SSR Mining in the 1st quarter worth approximately $2,454,000. Waratah Capital Advisors Ltd. bought a new stake in shares of SSR Mining in the 1st quarter worth approximately $2,349,000. Raymond James & Associates lifted its holdings in shares of SSR Mining by 125.4% in the 1st quarter. Raymond James & Associates now owns 178,736 shares of the basic materials company’s stock worth $2,261,000 after acquiring an additional 99,422 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of SSR Mining by 36.0% in the 1st quarter. CIBC Asset Management Inc now owns 744,917 shares of the basic materials company’s stock worth $9,415,000 after acquiring an additional 197,218 shares during the last quarter. Finally, Cetera Advisors LLC bought a new stake in shares of SSR Mining in the 1st quarter worth approximately $281,000. 55.10% of the stock is currently owned by institutional investors.
NASDAQ:SSRM opened at $10.96 on Monday. SSR Mining Inc has a 52 week low of $8.11 and a 52 week high of $15.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.36 and a quick ratio of 3.04. The firm has a market cap of $1.33 billion, a P/E ratio of 47.65 and a beta of -0.59.
SSRM has been the subject of a number of recent research reports. CIBC restated an “average” rating and issued a $16.25 price objective on shares of SSR Mining in a report on Monday, January 21st. BidaskClub upgraded shares of SSR Mining from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. Zacks Investment Research upgraded shares of SSR Mining from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Friday, February 8th. BMO Capital Markets set a $18.00 price objective on shares of SSR Mining and gave the stock a “buy” rating in a report on Friday, February 22nd. Finally, Royal Bank of Canada upped their price target on shares of SSR Mining from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, February 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $15.24.
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SSR Mining 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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