Verition Fund Management LLC Acquires 67,657 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Verition Fund Management LLC boosted its holdings in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 177.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,763 shares of the basic materials company’s stock after purchasing an additional 67,657 shares during the period. Verition Fund Management LLC owned about 0.05% of SSR Mining worth $601,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSRM. D. E. Shaw & Co. Inc. raised its holdings in shares of SSR Mining by 45.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 8,228,572 shares of the basic materials company’s stock worth $37,124,000 after buying an additional 2,587,212 shares in the last quarter. National Bank of Canada FI grew its position in SSR Mining by 73.7% in the second quarter. National Bank of Canada FI now owns 2,636,902 shares of the basic materials company’s stock valued at $11,815,000 after acquiring an additional 1,118,417 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of SSR Mining by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,327,251 shares of the basic materials company’s stock valued at $7,542,000 after acquiring an additional 75,563 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of SSR Mining by 111.3% during 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 acquiring an additional 637,161 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of SSR Mining by 25.5% in the 2nd quarter. Mackenzie Financial Corp now owns 883,581 shares of the basic materials company’s stock valued at $3,992,000 after purchasing an additional 179,601 shares in the last quarter. Institutional investors own 68.30% of the company’s stock.

SSR Mining Trading Up 5.6 %

SSRM opened at $7.54 on Wednesday. SSR Mining Inc. has a 1-year low of $3.76 and a 1-year high of $11.35. The stock has a market capitalization of $1.53 billion, a PE ratio of -3.15, a PEG ratio of 1.05 and a beta of 0.69. 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 50-day moving average price of $5.95 and a two-hundred day moving average price of $5.42.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. StockNews.com downgraded shares of SSR Mining from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. UBS Group lifted their target price on shares of SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.18.

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.