Syntal Capital Partners LLC Purchases Shares of 17,340 SSR Mining Inc (NASDAQ:SSRM)

Syntal Capital Partners LLC purchased a new stake in SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 17,340 shares of the basic materials company’s stock, valued at approximately $333,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GWM Advisors LLC lifted its holdings in SSR Mining by 1.8% in the 4th quarter. GWM Advisors LLC now owns 56,400 shares of the basic materials company’s stock valued at $1,086,000 after acquiring an additional 1,000 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in SSR Mining in the 3rd quarter valued at about $33,000. Exane Derivatives lifted its holdings in SSR Mining by 69.6% in the 4th quarter. Exane Derivatives now owns 6,848 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 2,810 shares during the last quarter. Usca Ria LLC acquired a new stake in SSR Mining in the 3rd quarter valued at about $44,000. Finally, Swiss National Bank lifted its holdings in SSR Mining by 1.6% in the 4th quarter. Swiss National Bank now owns 233,211 shares of the basic materials company’s stock valued at $4,483,000 after acquiring an additional 3,600 shares during the last quarter. 61.99% of the stock is owned by institutional investors.

SSRM has been the subject of a number of analyst reports. Zacks Investment Research raised shares of SSR Mining from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Wednesday. B. Riley upped their price objective on shares of SSR Mining from $24.00 to $26.10 and gave the company a “buy” rating in a research note on Tuesday. Scotiabank lowered shares of SSR Mining from a “sector outperform” rating to a “sector perform” rating and set a $25.19 price objective for the company. in a research note on Friday, February 21st. ValuEngine raised shares of SSR Mining from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $20.00 price objective on shares of SSR Mining in a research note on Sunday, February 9th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. SSR Mining has an average rating of “Buy” and a consensus target price of $20.90.

SSRM stock traded up $0.51 during mid-day trading on Wednesday, reaching $18.52. 125,945 shares of the stock traded hands, compared to its average volume of 1,372,272. The company has a current ratio of 3.84, a quick ratio of 2.83 and a debt-to-equity ratio of 0.15. SSR Mining Inc has a 52-week low of $10.59 and a 52-week high of $19.42. The company has a market cap of $2.23 billion, a P/E ratio of 39.31 and a beta of -0.29. The stock’s fifty day moving average is $18.07 and its 200-day moving average is $16.33.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The business had revenue of $177.60 million during the quarter, compared to analyst estimates of $236.81 million. SSR Mining had a net margin of 9.01% and a return on equity of 9.14%. SSR Mining’s revenue for the quarter was up 71.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 EPS. Equities research analysts expect that SSR Mining Inc will post 1 earnings per share for the current year.

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; 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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