Public Employees Retirement System of Ohio Boosts Stake in SSR Mining Inc. (NASDAQ:SSRM)

Public Employees Retirement System of Ohio increased its position in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 399.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 432,162 shares of the basic materials company’s stock after buying an additional 345,568 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.21% of SSR Mining worth $2,455,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in SSR Mining during the 2nd quarter worth approximately $32,000. Quarry LP lifted its holdings in shares of SSR Mining by 119.7% during the second quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 5,649 shares during the period. Point72 DIFC Ltd purchased a new position in SSR Mining in the 3rd quarter valued at $47,000. HB Wealth Management LLC purchased a new position in SSR Mining in the 2nd quarter valued at $56,000. Finally, SeaCrest Wealth Management LLC acquired a new position in SSR Mining in the 3rd quarter valued at $57,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SSRM shares. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, December 13th. UBS Group boosted their target price on SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.18.

SSR Mining Trading Down 2.2 %

Shares of SSRM opened at $7.25 on Wednesday. The firm’s 50-day moving average is $6.10 and its two-hundred day moving average is $5.49. SSR Mining Inc. has a twelve month low of $3.76 and a twelve month high of $11.35. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.47 billion, a P/E ratio of -3.03, a PEG ratio of 1.23 and a beta of 0.69.

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.