Virtu Financial LLC Invests $334,000 in SSR Mining Inc. (NASDAQ:SSRM)

Virtu Financial LLC bought a new stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 58,835 shares of the basic materials company’s stock, valued at approximately $334,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. raised its position in shares of SSR Mining by 45.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 8,228,572 shares of the basic materials company’s stock worth $37,124,000 after acquiring an additional 2,587,212 shares during the period. National Bank of Canada FI raised its holdings in SSR Mining by 73.7% in the 2nd quarter. National Bank of Canada FI now owns 2,636,902 shares of the basic materials company’s stock worth $11,815,000 after purchasing an additional 1,118,417 shares during the period. Hsbc Holdings PLC purchased a new position in SSR Mining during the second quarter worth approximately $3,289,000. Acadian Asset Management LLC grew its holdings in SSR Mining by 111.3% in the second quarter. Acadian Asset Management LLC now owns 1,209,763 shares of the basic materials company’s stock valued at $5,440,000 after purchasing an additional 637,161 shares during the period. Finally, Two Sigma Advisers LP increased its position in shares of SSR Mining by 16.2% in the third quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock valued at $18,860,000 after buying an additional 462,000 shares in the last quarter. 68.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SSRM has been the topic of a number of recent analyst reports. UBS Group increased their target price on SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research report on Tuesday, October 15th. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.18.

SSR Mining Stock Down 0.4 %

Shares of NASDAQ:SSRM opened at $7.41 on Tuesday. SSR Mining Inc. has a 52-week low of $3.76 and a 52-week high of $11.35. The company has a quick ratio of 1.97, a current ratio of 3.91 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $6.06 and a two-hundred day moving average of $5.47. The stock has a market cap of $1.50 billion, a P/E ratio of -3.10, a PEG ratio of 1.23 and a beta of 0.69.

About SSR Mining

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.