Barclays PLC Reduces Position in SSR Mining Inc. (NASDAQ:SSRM)

Barclays PLC trimmed its position in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 585,845 shares of the basic materials company's stock after selling 115,918 shares during the quarter. Barclays PLC owned 0.29% of SSR Mining worth $4,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its position in shares of SSR Mining by 53.9% in the fourth quarter. Federated Hermes Inc. now owns 3,671,138 shares of the basic materials company's stock valued at $25,551,000 after acquiring an additional 1,285,347 shares during the period. Cibc World Market Inc. raised its position in SSR Mining by 22.1% during the 4th quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company's stock valued at $25,967,000 after purchasing an additional 674,793 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in SSR Mining by 23.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,918,258 shares of the basic materials company's stock worth $13,351,000 after buying an additional 370,006 shares during the period. Trexquant Investment LP grew its position in shares of SSR Mining by 1,582.3% in the 4th quarter. Trexquant Investment LP now owns 324,461 shares of the basic materials company's stock worth $2,258,000 after buying an additional 305,174 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of SSR Mining by 99.3% during the fourth quarter. American Century Companies Inc. now owns 506,331 shares of the basic materials company's stock valued at $3,528,000 after buying an additional 252,293 shares during the period. 68.30% of the stock is currently owned by institutional investors.

SSR Mining Price Performance

Shares of SSRM opened at $10.25 on Monday. SSR Mining Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $11.48. The firm's 50-day simple moving average is $10.34 and its two-hundred day simple moving average is $8.14. The stock has a market cap of $2.08 billion, a PE ratio of -7.95, a price-to-earnings-growth ratio of 0.37 and a beta of 0.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 4.70.

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

Analysts Set New Price Targets

SSRM has been the topic of several recent analyst reports. National Bank Financial upgraded shares of SSR Mining to a "hold" rating in a report on Friday, March 21st. StockNews.com raised shares of SSR Mining from a "sell" rating to a "hold" rating in a research note on Friday, January 17th. National Bankshares restated a "sector perform" rating on shares of SSR Mining in a report on Wednesday. UBS Group lifted their price objective on SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a research report on Friday, April 11th. Finally, Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and raised their target price for the company from $5.50 to $8.00 in a research note on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $10.03.

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.

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