GSA Capital Partners LLP Buys 228,413 Shares of SSR Mining Inc. (NASDAQ:SSRM)

GSA Capital Partners LLP boosted its position in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 185.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,496 shares of the basic materials company’s stock after buying an additional 228,413 shares during the quarter. GSA Capital Partners LLP’s holdings in SSR Mining were worth $1,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Capstone Investment Advisors LLC raised its holdings in shares of SSR Mining by 207.6% during the first quarter. Capstone Investment Advisors LLC now owns 54,992 shares of the basic materials company’s stock valued at $245,000 after acquiring an additional 37,114 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in SSR Mining by 5.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,588,215 shares of the basic materials company’s stock worth $16,003,000 after purchasing an additional 191,409 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of SSR Mining by 4.5% during the 1st quarter. Van ECK Associates Corp now owns 21,439,627 shares of the basic materials company’s stock valued at $95,619,000 after buying an additional 929,850 shares in the last quarter. Simplicity Wealth LLC bought a new stake in SSR Mining during the 1st quarter valued at approximately $72,000. Finally, Assenagon Asset Management S.A. bought a new stake in SSR Mining in the 1st quarter worth approximately $838,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

SSR Mining Stock Up 4.6 %

NASDAQ SSRM traded up $0.21 during trading on Wednesday, reaching $4.81. 645,874 shares of the company’s stock were exchanged, compared to its average volume of 4,340,961. The company has a 50 day moving average price of $5.05 and a two-hundred day moving average price of $6.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.75 and a current ratio of 3.07. SSR Mining Inc. has a 1 year low of $3.76 and a 1 year high of $15.27. The stock has a market cap of $972.10 million, a P/E ratio of -2.22, a price-to-earnings-growth ratio of 0.57 and a beta of 0.72.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its earnings results on Wednesday, May 8th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.13. The business had revenue of $230.23 million during the quarter. SSR Mining had a positive return on equity of 6.37% and a negative net margin of 30.90%. On average, equities research analysts anticipate that SSR Mining Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SSRM. StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, May 24th. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of SSR Mining in a report on Monday, April 8th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, SSR Mining presently has a consensus rating of “Hold” and a consensus price target of $6.63.

SSR Mining Company 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.