AGF Investments Inc. Boosts Position in SSR Mining Inc (SSRM)

AGF Investments Inc. increased its holdings in shares of SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) by 11.5% during the 4th quarter, HoldingsChannel reports. The fund owned 479,200 shares of the basic materials company’s stock after buying an additional 49,300 shares during the period. AGF Investments Inc.’s holdings in SSR Mining were worth $4,220,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. American Century Companies Inc. boosted its stake in SSR Mining by 33.0% during the fourth quarter. American Century Companies Inc. now owns 421,100 shares of the basic materials company’s stock worth $3,701,000 after acquiring an additional 104,500 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in SSR Mining during the fourth quarter worth about $154,000. SG Americas Securities LLC bought a new stake in SSR Mining during the fourth quarter worth about $224,000. Finally, James Investment Research Inc. boosted its stake in SSR Mining by 8,368.4% during the fourth quarter. James Investment Research Inc. now owns 176,990 shares of the basic materials company’s stock worth $1,556,000 after acquiring an additional 174,900 shares in the last quarter. 42.17% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of SSR Mining from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Thursday, October 19th. Credit Suisse Group upgraded shares of SSR Mining from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 16th. BidaskClub upgraded shares of SSR Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 20th. National Bank Financial reiterated an “outperform market weight” rating on shares of SSR Mining in a research note on Wednesday, December 13th. Finally, BMO Capital Markets started coverage on shares of SSR Mining in a research note on Friday, November 17th. They issued an “outperform” rating and a $12.50 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. SSR Mining currently has an average rating of “Hold” and an average price target of $12.38.

SSR Mining Inc (NASDAQ SSRM) opened at $8.82 on Thursday. The stock has a market cap of $1,003.06, a P/E ratio of 16.04 and a beta of -0.18. SSR Mining Inc has a 52 week low of $7.75 and a 52 week high of $12.02. The company has a quick ratio of 7.96, a current ratio of 10.42 and a debt-to-equity ratio of 0.23.

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SSR Mining Company Profile

SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.

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

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