Lincoln Capital LLC Invests $70,000 in SSR Mining Inc. (NASDAQ:SSRM)

Lincoln Capital LLC acquired a new stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,000 shares of the basic materials company’s stock, valued at approximately $70,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SSRM. HB Wealth Management LLC increased its position in SSR Mining by 11.3% during the fourth quarter. HB Wealth Management LLC now owns 14,376 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 1,463 shares during the last quarter. HighTower Advisors LLC boosted its holdings in SSR Mining by 24.8% in the 3rd quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 2,619 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of SSR Mining by 9.8% in the 3rd quarter. Quantinno Capital Management LP now owns 31,107 shares of the basic materials company’s stock valued at $177,000 after buying an additional 2,788 shares during the period. Quarry LP raised its position in shares of SSR Mining by 119.7% during the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock valued at $47,000 after buying an additional 5,649 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in SSR Mining in the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

Analyst Ratings Changes

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

SSR Mining Stock Down 0.9 %

SSRM opened at $7.62 on Monday. SSR Mining Inc. has a 52 week low of $3.76 and a 52 week high of $10.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91. The business has a fifty day simple moving average of $6.66 and a 200-day simple moving average of $5.90.

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.