SSR Mining Inc. (NASDAQ:SSRM) Short Interest Update

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 5,230,000 shares, a growth of 30.4% from the March 31st total of 4,010,000 shares. Based on an average daily volume of 5,320,000 shares, the short-interest ratio is presently 1.0 days. Currently, 2.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On SSR Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creekmur Asset Management LLC acquired a new stake in shares of SSR Mining in the 4th quarter valued at approximately $40,000. CWM LLC grew its stake in shares of SSR Mining by 178.5% during the first quarter. CWM LLC now owns 6,126 shares of the basic materials company’s stock worth $27,000 after buying an additional 3,926 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of SSR Mining during the fourth quarter worth $111,000. Headlands Technologies LLC bought a new position in shares of SSR Mining in the 4th quarter valued at $120,000. Finally, Private Advisor Group LLC acquired a new stake in shares of SSR Mining during the 4th quarter valued at $127,000. 68.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SSRM has been the subject of a number of research reports. Desjardins lowered SSR Mining from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. TheStreet cut shares of SSR Mining from a “c” rating to a “d” rating in a research report on Wednesday, February 28th. TD Securities lowered shares of SSR Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. UBS Group cut shares of SSR Mining from a “buy” rating to a “neutral” rating and decreased their price target for the company from $17.00 to $5.00 in a research note on Thursday, February 22nd. Finally, Royal Bank of Canada restated an “underperform” rating and issued a $3.00 price objective (down previously from $6.00) on shares of SSR Mining in a research report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, SSR Mining has an average rating of “Hold” and a consensus target price of $6.63.

SSR Mining Trading Up 1.1 %

NASDAQ SSRM traded up $0.06 during trading on Monday, reaching $5.63. 2,992,926 shares of the stock traded hands, compared to its average volume of 4,719,087. The stock’s 50-day moving average price is $4.65 and its 200 day moving average price is $8.70. The company has a quick ratio of 3.99, a current ratio of 7.01 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -11.04, a price-to-earnings-growth ratio of 1.72 and a beta of 0.82. SSR Mining has a fifty-two week low of $3.76 and a fifty-two week high of $17.72.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings data on Tuesday, February 27th. The basic materials company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.23. The business had revenue of $425.90 million for the quarter. SSR Mining had a positive return on equity of 6.27% and a negative net margin of 6.87%. During the same quarter last year, the firm earned $0.12 EPS. Analysts predict that SSR Mining will post 0.18 EPS for the current year.

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.