Parametrica Management Ltd Makes New $751,000 Investment in SSR Mining Inc. (NASDAQ:SSRM)

Parametrica Management Ltd bought a new position in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 132,159 shares of the basic materials company’s stock, valued at approximately $751,000. SSR Mining makes up 0.9% of Parametrica Management Ltd’s investment portfolio, making the stock its 25th biggest holding.

A number of other institutional investors also recently bought and sold shares of SSRM. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of SSR Mining in the second quarter valued at $32,000. Abich Financial Wealth Management LLC purchased a new stake in shares of SSR Mining in the first quarter valued at $41,000. Quarry LP lifted its position in shares of SSR Mining by 119.7% in the second quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 5,649 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of SSR Mining in the second quarter valued at $56,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of SSR Mining in the third quarter valued at $57,000. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, UBS Group upped their target price on SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.01.

SSR Mining Trading Up 1.1 %

SSR Mining stock traded up $0.06 during trading on Wednesday, hitting $5.38. The company’s stock had a trading volume of 223,914 shares, compared to its average volume of 3,477,709. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -2.23, a P/E/G ratio of 0.82 and a beta of 0.72. The stock’s fifty day moving average is $5.81 and its 200 day moving average is $5.35. SSR Mining Inc. has a 1-year low of $3.76 and a 1-year high of $12.04. 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 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.