SSR Mining Inc. (NASDAQ:SSRM) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC trimmed its position in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 30.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 239,078 shares of the basic materials company's stock after selling 103,179 shares during the quarter. Guggenheim Capital LLC owned approximately 0.12% of SSR Mining worth $1,664,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SSRM. Vanguard Group Inc. lifted its stake in SSR Mining by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,346,480 shares of the basic materials company's stock worth $72,216,000 after purchasing an additional 71,364 shares in the last quarter. Cibc World Market Inc. increased its holdings in shares of SSR Mining by 22.1% in the fourth quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company's stock worth $25,967,000 after purchasing an additional 674,793 shares during the period. Federated Hermes Inc. raised 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 worth $25,551,000 after buying an additional 1,285,347 shares in the last quarter. Tidal Investments LLC boosted its stake in SSR Mining by 6.4% during the third quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company's stock valued at $15,713,000 after buying an additional 166,130 shares during the period. Finally, Geode Capital Management LLC grew its position in SSR Mining by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,678,940 shares of the basic materials company's stock worth $18,652,000 after buying an additional 38,593 shares in the last quarter. 68.30% of the stock is currently owned by institutional investors.

SSR Mining Trading Up 2.0 %

Shares of SSRM stock traded up $0.20 on Thursday, hitting $10.30. 1,709,018 shares of the company's stock traded hands, compared to its average volume of 2,707,483. SSR Mining Inc. has a one year low of $4.32 and a one year high of $11.48. The company's fifty day simple moving average is $10.30 and its 200 day simple moving average is $8.04. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of -7.98, a P/E/G 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 released its quarterly 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). The firm had revenue of $323.19 million during the quarter, compared to the consensus estimate of $262.20 million. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. Equities analysts forecast that SSR Mining Inc. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. CIBC raised their price target on SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, February 19th. UBS Group lifted their target price on shares of SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a research report on Friday, April 11th. Cormark raised shares of SSR Mining from a "hold" rating to a "moderate buy" rating in a report on Tuesday. StockNews.com upgraded shares of SSR Mining from a "sell" rating to a "hold" rating in a research report on Friday, January 17th. Finally, Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and increased their price objective for the company from $5.50 to $8.00 in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $10.03.

SSR Mining 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.