Cibc World Market Inc. Raises Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Cibc World Market Inc. lifted its position in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 22.1% in the 4th quarter, Holdings Channel reports. The fund owned 3,730,876 shares of the basic materials company’s stock after buying an additional 674,793 shares during the quarter. Cibc World Market Inc.’s holdings in SSR Mining were worth $25,967,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SSR Mining in the second quarter valued at $32,000. Quarry LP boosted its stake in SSR Mining by 119.7% in the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 5,649 shares during the period. Point72 DIFC Ltd purchased a new position in SSR Mining during the 3rd quarter valued at about $47,000. SeaCrest Wealth Management LLC purchased a new position in SSR Mining during the 3rd quarter valued at about $57,000. Finally, Xponance Inc. bought a new stake in shares of SSR Mining during the second quarter valued at about $58,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

Analyst Ratings Changes

SSRM has been the topic of a number of analyst reports. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, January 17th. UBS Group increased their price objective on SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, SSR Mining has a consensus rating of “Hold” and a consensus target price of $5.18.

SSR Mining Trading Down 1.6 %

Shares of NASDAQ:SSRM opened at $8.03 on Friday. The company’s fifty day moving average price is $7.10 and its 200-day moving average price is $6.09. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97. SSR Mining Inc. has a one year low of $3.76 and a one year high of $9.85.

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.