Intact Investment Management Inc. Buys 116,620 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Intact Investment Management Inc. boosted its holdings in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,224,200 shares of the basic materials company’s stock after buying an additional 116,620 shares during the period. Intact Investment Management Inc.’s holdings in SSR Mining were worth $13,138,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp boosted its stake in SSR Mining by 0.9% during the third quarter. Van ECK Associates Corp now owns 21,178,035 shares of the basic materials company’s stock worth $281,455,000 after buying an additional 180,685 shares in the last quarter. Vanguard Group Inc. boosted its stake in SSR Mining by 1.1% during the third quarter. Vanguard Group Inc. now owns 7,686,085 shares of the basic materials company’s stock worth $102,148,000 after buying an additional 80,649 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in SSR Mining during the fourth quarter worth $50,352,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in SSR Mining by 3.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,644,819 shares of the basic materials company’s stock worth $48,455,000 after buying an additional 111,218 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in SSR Mining by 1.2% during the third quarter. Invesco Ltd. now owns 3,052,716 shares of the basic materials company’s stock worth $40,571,000 after buying an additional 35,808 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

SSR Mining Price Performance

Shares of SSR Mining stock traded up $0.05 during trading on Friday, reaching $5.57. The company’s stock had a trading volume of 2,902,127 shares, compared to its average volume of 3,938,053. The stock has a 50-day moving average price of $4.63 and a two-hundred day moving average price of $8.81. The company has a current ratio of 7.01, a quick ratio of 3.99 and a debt-to-equity ratio of 0.07. SSR Mining Inc. has a one year low of $3.76 and a one year high of $17.72. The stock has a market capitalization of $1.12 billion, a P/E ratio of -10.92, a price-to-earnings-growth ratio of 1.70 and a beta of 0.82.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings results on Tuesday, February 27th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.23. SSR Mining had a positive return on equity of 6.27% and a negative net margin of 6.87%. The business had revenue of $425.90 million during the quarter. During the same period in the prior year, the firm earned $0.12 earnings per share. As a group, sell-side analysts anticipate that SSR Mining Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on SSRM. Scotiabank downgraded shares of SSR Mining from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, February 14th. TD Securities downgraded shares of SSR Mining from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. UBS Group downgraded shares of SSR Mining from a “buy” rating to a “neutral” rating and reduced their target price for the company from $17.00 to $5.00 in a research note on Thursday, February 22nd. National Bank Financial restated a “sector perform spec overwgt” rating on shares of SSR Mining in a research note on Monday, April 8th. Finally, TheStreet downgraded shares of SSR Mining from a “c” rating to a “d” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.63.

SSR Mining Profile

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.