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

Verition Fund Management LLC raised its holdings in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 177.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 105,763 shares of the basic materials company’s stock after acquiring an additional 67,657 shares during the period. Verition Fund Management LLC’s holdings in SSR Mining were worth $601,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SSRM. Martingale Asset Management L P increased its holdings in SSR Mining by 115.9% in the third quarter. Martingale Asset Management L P now owns 407,996 shares of the basic materials company’s stock valued at $2,317,000 after purchasing an additional 219,013 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of SSR Mining by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 118,642 shares of the basic materials company’s stock valued at $674,000 after acquiring an additional 66,850 shares during the last quarter. Townsquare Capital LLC acquired a new stake in shares of SSR Mining in the 3rd quarter valued at approximately $139,000. Quantbot Technologies LP boosted its stake in SSR Mining by 27.1% during the 3rd quarter. Quantbot Technologies LP now owns 66,730 shares of the basic materials company’s stock worth $379,000 after acquiring an additional 14,223 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in 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 purchasing an additional 75,563 shares during the period. Institutional investors and hedge funds own 68.30% of the company’s stock.

SSR Mining Stock Performance

Shares of SSRM stock opened at $7.54 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91. SSR Mining Inc. has a 52 week low of $3.76 and a 52 week high of $11.35. The company’s 50 day moving average price is $5.95 and its two-hundred day moving average price is $5.42. The company has a market capitalization of $1.53 billion, a P/E ratio of -3.15, a price-to-earnings-growth ratio of 1.05 and a beta of 0.69.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com lowered shares of SSR Mining from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. UBS Group upped their price objective on shares of SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, SSR Mining presently has a consensus rating of “Hold” and a consensus price target of $5.18.

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.