Engineers Gate Manager LP bought a new stake in SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 22,800 shares of the basic materials company’s stock, valued at approximately $199,000.

Other large investors have also made changes to their positions in the company. Raymond James & Associates raised its holdings in shares of SSR Mining by 36.6% in the second quarter. Raymond James & Associates now owns 23,536 shares of the basic materials company’s stock valued at $232,000 after buying an additional 6,300 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of SSR Mining by 2,013.8% in the second quarter. Tower Research Capital LLC TRC now owns 23,717 shares of the basic materials company’s stock valued at $234,000 after buying an additional 22,595 shares during the last quarter. BlackRock Inc. raised its holdings in shares of SSR Mining by 133.3% in the second quarter. BlackRock Inc. now owns 25,553 shares of the basic materials company’s stock valued at $252,000 after buying an additional 14,600 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of SSR Mining by 76.0% in the second quarter. Bank of America Corp DE now owns 26,823 shares of the basic materials company’s stock valued at $265,000 after buying an additional 11,580 shares during the last quarter. Finally, Oxbow Advisors LLC purchased a new stake in shares of SSR Mining in the second quarter valued at about $348,000. 51.24% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on SSRM shares. Zacks Investment Research raised shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. TheStreet raised shares of SSR Mining from a “c” rating to a “b-” rating in a report on Monday, November 12th. ValuEngine cut shares of SSR Mining from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Canaccord Genuity reaffirmed a “buy” rating on shares of SSR Mining in a report on Sunday, October 21st. Finally, BidaskClub cut shares of SSR Mining from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $11.88.

NASDAQ SSRM opened at $11.15 on Tuesday. The stock has a market cap of $1.33 billion, a P/E ratio of 32.79 and a beta of -0.41. SSR Mining Inc has a 52-week low of $7.64 and a 52-week high of $11.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.91 and a quick ratio of 6.29.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings results on Thursday, November 8th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The firm had revenue of $115.03 million during the quarter, compared to analysts’ expectations of $113.00 million. SSR Mining had a net margin of 6.12% and a return on equity of 3.14%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 earnings per share. As a group, sell-side analysts predict that SSR Mining Inc will post 0.24 EPS for the current fiscal year.

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SSR Mining Company Profile

SSR Mining Inc engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include the Marigold mine located in Humboldt County, Nevada, the United States; and the Seabee Gold Operation located in Saskatchewan, Canada.

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Institutional Ownership by Quarter for SSR Mining (NASDAQ:SSRM)

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