24,550 Shares in SSR Mining Inc. (NASDAQ:SSRM) Acquired by Townsquare Capital LLC

Townsquare Capital LLC bought a new stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,550 shares of the basic materials company’s stock, valued at approximately $139,000.

Several other hedge funds also recently bought and sold shares of SSRM. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SSR Mining in the 2nd quarter valued at $32,000. Quarry LP grew its stake in SSR Mining by 119.7% in the second quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 5,649 shares during the period. HB Wealth Management LLC bought a new stake in shares of SSR Mining in the second quarter worth about $56,000. SeaCrest Wealth Management LLC acquired a new stake in shares of SSR Mining during the third quarter worth about $57,000. Finally, Xponance Inc. bought a new position in shares of SSR Mining during the 2nd quarter valued at about $58,000. 68.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SSRM has been the topic of several research analyst reports. StockNews.com downgraded shares of SSR Mining from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. UBS Group raised their price objective on shares of SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, SSR Mining presently has a consensus rating of “Hold” and an average price target of $5.18.

SSR Mining Trading Up 4.3 %

NASDAQ:SSRM opened at $6.35 on Friday. The company has a market cap of $1.29 billion, a P/E ratio of -2.66, a price-to-earnings-growth ratio of 0.99 and a beta of 0.69. SSR Mining Inc. has a twelve month low of $3.76 and a twelve month high of $11.52. The business has a 50 day moving average price of $5.88 and a two-hundred day moving average price of $5.40. The company has a quick ratio of 1.97, a current ratio of 3.91 and a debt-to-equity ratio of 0.08.

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.