Amundi Sells 524,486 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Amundi decreased its position in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 30.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,175,348 shares of the basic materials company's stock after selling 524,486 shares during the quarter. Amundi owned about 0.58% of SSR Mining worth $8,803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE raised its stake in SSR Mining by 62.4% during the fourth quarter. US Bancorp DE now owns 3,540 shares of the basic materials company's stock worth $25,000 after buying an additional 1,360 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in SSR Mining during the 4th quarter worth about $29,000. Point72 DIFC Ltd bought a new position in shares of SSR Mining in the 3rd quarter worth about $47,000. Lincoln Capital LLC acquired a new position in shares of SSR Mining in the 4th quarter valued at about $70,000. Finally, Drive Wealth Management LLC bought a new stake in shares of SSR Mining during the 3rd quarter valued at about $74,000. Institutional investors and hedge funds own 68.30% of the company's stock.

SSR Mining Stock Up 0.5 %

Shares of NASDAQ SSRM traded up $0.05 during mid-day trading on Tuesday, reaching $11.04. 2,630,509 shares of the company's stock traded hands, compared to its average volume of 2,712,250. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. The business has a 50-day simple moving average of $8.95 and a 200 day simple moving average of $7.11. The stock has a market cap of $2.23 billion, a P/E ratio of -8.56, a PEG ratio of 0.37 and a beta of 0.53. SSR Mining Inc. has a 1-year low of $3.91 and a 1-year high of $11.28.

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SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its earnings results on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. The company had revenue of $323.19 million during the quarter, compared to the consensus estimate of $262.20 million. On average, analysts expect that SSR Mining Inc. will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

SSRM has been the subject of a number of research analyst reports. CIBC lifted their target price on SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. UBS Group lifted their price objective on shares of SSR Mining from $7.15 to $12.05 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Royal Bank of Canada raised shares of SSR Mining from an "underperform" rating to a "sector perform" rating and increased their target price for the stock from $5.50 to $8.00 in a research note on Wednesday, February 5th. Finally, StockNews.com upgraded shares of SSR Mining from a "sell" rating to a "hold" rating in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, SSR Mining currently has a consensus rating of "Hold" and a consensus target price of $9.93.

SSR Mining Company 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.