Two Sigma Advisers LP lifted its holdings in shares of SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) by 67.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,009 shares of the basic materials company’s stock after purchasing an additional 110,200 shares during the period. Two Sigma Advisers LP’s holdings in SSR Mining were worth $2,401,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. CoreCommodity Management LLC boosted its position in shares of SSR Mining by 9.5% during the 4th quarter. CoreCommodity Management LLC now owns 81,598 shares of the basic materials company’s stock valued at $717,000 after purchasing an additional 7,054 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of SSR Mining by 8.2% during the 4th quarter. Renaissance Technologies LLC now owns 5,116,200 shares of the basic materials company’s stock valued at $44,971,000 after purchasing an additional 388,617 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of SSR Mining during the 4th quarter valued at about $116,000. Invictus RG boosted its position in shares of SSR Mining by 66.6% during the 4th quarter. Invictus RG now owns 25,264 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 10,102 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of SSR Mining during the 4th quarter valued at about $5,012,000. Institutional investors own 47.20% of the company’s stock.
Several equities research analysts recently commented on SSRM shares. National Bank Financial restated an “outperform market weight” rating on shares of SSR Mining in a research report on Wednesday, December 13th. BidaskClub upgraded SSR Mining from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 21st. Scotiabank lowered SSR Mining from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 9th. Zacks Investment Research upgraded SSR Mining from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Credit Suisse Group upgraded SSR Mining from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 16th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. SSR Mining has a consensus rating of “Hold” and an average price target of $12.38.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.09). The firm had revenue of $107.88 million during the quarter, compared to the consensus estimate of $113.00 million. SSR Mining had a return on equity of 4.04% and a net margin of 15.76%. The company’s quarterly revenue was down 15.3% compared to the same quarter last year. equities research analysts anticipate that SSR Mining Inc will post 0.22 earnings per share for the current year.
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SSR Mining Profile
SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.
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