Catalina Capital Group LLC Grows Stock Position in SSR Mining Inc. (NASDAQ:SSRM)

Catalina Capital Group LLC boosted its stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 66.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,143 shares of the basic materials company’s stock after acquiring an additional 10,856 shares during the quarter. Catalina Capital Group LLC’s holdings in SSR Mining were worth $189,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of SSR Mining by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company’s stock valued at $8,794,000 after purchasing an additional 220,349 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of SSR Mining by 16.2% in the 3rd quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock valued at $18,860,000 after purchasing an additional 462,000 shares in the last quarter. Franklin Resources Inc. raised its position in shares of SSR Mining by 649.6% in the 3rd quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company’s stock valued at $847,000 after purchasing an additional 127,401 shares in the last quarter. Verition Fund Management LLC raised its position in shares of SSR Mining by 177.5% in the 3rd quarter. Verition Fund Management LLC now owns 105,763 shares of the basic materials company’s stock valued at $601,000 after purchasing an additional 67,657 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of SSR Mining by 6.0% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 68.30% of the company’s stock.

SSR Mining Stock Performance

SSRM stock opened at $8.19 on Wednesday. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.66 billion, a P/E ratio of -3.43 and a beta of 0.62. SSR Mining Inc. has a 12-month low of $3.76 and a 12-month high of $9.82. The stock’s 50 day simple moving average is $7.20 and its 200 day simple moving average is $6.14.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SSRM shares. StockNews.com raised SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. 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 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 company’s stock. According to data from 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.