Gamco Investors INC. ET AL Makes New $613,000 Investment in SSR Mining Inc (NASDAQ:SSRM)

Gamco Investors INC. ET AL bought a new position in shares of SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 42,233 shares of the basic materials company’s stock, valued at approximately $613,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new stake in SSR Mining during the 3rd quarter worth approximately $33,000. Usca Ria LLC bought a new stake in shares of SSR Mining during the third quarter valued at approximately $44,000. FNY Investment Advisers LLC increased its position in shares of SSR Mining by 1,900.0% during the second quarter. FNY Investment Advisers LLC now owns 5,000 shares of the basic materials company’s stock valued at $68,000 after acquiring an additional 4,750 shares in the last quarter. Aperio Group LLC bought a new stake in shares of SSR Mining during the second quarter valued at approximately $122,000. Finally, USA Financial Portformulas Corp increased its position in shares of SSR Mining by 18.5% during the second quarter. USA Financial Portformulas Corp now owns 17,772 shares of the basic materials company’s stock valued at $225,000 after acquiring an additional 2,780 shares in the last quarter. 56.20% of the stock is currently owned by hedge funds and other institutional investors.

SSRM stock traded up $0.03 during mid-day trading on Monday, hitting $14.54. The company had a trading volume of 15,632 shares, compared to its average volume of 1,063,703. The company has a 50-day moving average price of $14.75 and a 200 day moving average price of $14.01. SSR Mining Inc has a 12-month low of $9.65 and a 12-month high of $17.56. The company has a quick ratio of 2.91, a current ratio of 4.02 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 63.09 and a beta of -0.44.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.09. The firm had revenue of $147.85 million during the quarter, compared to the consensus estimate of $195.93 million. SSR Mining had a net margin of 6.13% and a return on equity of 6.46%. The company’s revenue was up 28.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. As a group, analysts expect that SSR Mining Inc will post 0.66 EPS for the current year.

A number of equities research analysts have commented on the stock. BMO Capital Markets lifted their target price on shares of SSR Mining to $19.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. BidaskClub downgraded shares of SSR Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. TheStreet raised shares of SSR Mining from a “c” rating to a “b-” rating in a research report on Monday, August 12th. Scotiabank raised shares of SSR Mining from a “sector perform” rating to a “sector outperform” rating and set a $17.00 target price for the company in a research report on Tuesday, September 10th. Finally, B. Riley cut their target price on shares of SSR Mining from $18.70 to $16.70 and set a “neutral” rating for the company in a research report on Friday, October 11th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $18.78.

SSR Mining 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; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.

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

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