Sigma Planning Corp raised its stake in SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) by 29.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,638 shares of the basic materials company’s stock after purchasing an additional 5,787 shares during the quarter. Sigma Planning Corp’s holdings in SSR Mining were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of SSRM. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of SSR Mining in the third quarter worth approximately $15,949,000. Shell Asset Management Co. raised its stake in shares of SSR Mining by 13,250.5% in the third quarter. Shell Asset Management Co. now owns 1,544,124 shares of the basic materials company’s stock worth $13,449,000 after purchasing an additional 1,532,558 shares during the last quarter. Morgan Stanley raised its stake in shares of SSR Mining by 80.6% in the third quarter. Morgan Stanley now owns 1,231,032 shares of the basic materials company’s stock worth $10,722,000 after purchasing an additional 549,539 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of SSR Mining in the fourth quarter worth approximately $1,688,000. Finally, Vanguard Group Inc raised its stake in shares of SSR Mining by 4.0% in the third quarter. Vanguard Group Inc now owns 2,878,489 shares of the basic materials company’s stock worth $25,071,000 after purchasing an additional 109,627 shares during the last quarter. 48.32% of the stock is owned by hedge funds and other institutional investors.
SSRM has been the subject of several recent analyst reports. Zacks Investment Research raised SSR Mining from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Friday. BidaskClub raised SSR Mining from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. ValuEngine raised SSR Mining from a “buy” rating to a “strong-buy” rating in a report on Friday, January 4th. National Bank Financial upped their target price on SSR Mining from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, January 14th. Finally, CIBC reaffirmed an “average” rating and issued a $16.25 target price on shares of SSR Mining in a report on Monday, January 21st. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $14.88.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings data on Thursday, November 8th. The basic materials company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. SSR Mining had a return on equity of 3.14% and a net margin of 6.12%. The business had revenue of $115.03 million during the quarter, compared to analyst estimates of $113.00 million. During the same period in the prior year, the company earned $0.04 earnings per share. SSR Mining’s revenue was up 8.5% compared to the same quarter last year. Analysts anticipate that SSR Mining Inc will post 0.23 earnings per share for the current year.
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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; and the Seabee Gold Operation located in Saskatchewan, Canada.
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