Jacobs Levy Equity Management Inc. Has $3.16 Million Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Jacobs Levy Equity Management Inc. reduced its holdings in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 48.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555,867 shares of the basic materials company’s stock after selling 519,188 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in SSR Mining were worth $3,157,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in SSR Mining in the second quarter worth $32,000. SeaCrest Wealth Management LLC bought a new position in shares of SSR Mining in the third quarter valued at about $57,000. Quarry LP lifted its position in SSR Mining by 119.7% during the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock worth $47,000 after buying an additional 5,649 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in SSR Mining during the 3rd quarter worth about $60,000. Finally, Diversified Trust Co acquired a new stake in SSR Mining in the 3rd quarter valued at about $70,000. 68.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SSRM has been the topic of a number of research reports. UBS Group upped their target price on shares of SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. StockNews.com downgraded SSR Mining from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.18.

SSR Mining Stock Performance

Shares of SSR Mining stock opened at $6.35 on Friday. SSR Mining Inc. has a 52 week low of $3.76 and a 52 week high of $11.52. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -2.66, a PEG ratio of 0.99 and a beta of 0.69. The firm has a fifty day moving average of $5.88 and a two-hundred day moving average of $5.40.

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.