Legal & General Group Plc Has $1.64 Million Stock Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Legal & General Group Plc reduced its stake in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 235,274 shares of the basic materials company's stock after selling 24,709 shares during the period. Legal & General Group Plc owned 0.12% of SSR Mining worth $1,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Federated Hermes Inc. boosted its stake in SSR Mining by 53.9% during the 4th quarter. Federated Hermes Inc. now owns 3,671,138 shares of the basic materials company's stock valued at $25,551,000 after purchasing an additional 1,285,347 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in SSR Mining by 18.9% during the fourth quarter. Russell Investments Group Ltd. now owns 23,253 shares of the basic materials company's stock valued at $162,000 after buying an additional 3,693 shares in the last quarter. Trexquant Investment LP grew its holdings in SSR Mining by 1,582.3% during the fourth quarter. Trexquant Investment LP now owns 324,461 shares of the basic materials company's stock worth $2,258,000 after acquiring an additional 305,174 shares during the period. Geode Capital Management LLC raised its position in SSR Mining by 1.5% in 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 acquiring an additional 38,593 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in SSR Mining by 35.9% in the 4th quarter. Franklin Resources Inc. now owns 199,748 shares of the basic materials company's stock valued at $1,390,000 after acquiring an additional 52,736 shares during the last quarter. 68.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on SSRM shares. Cormark upgraded shares of SSR Mining from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. CIBC upped 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. Royal Bank of Canada raised SSR Mining from an "underperform" rating to a "sector perform" rating and raised their price objective for the stock from $5.50 to $8.00 in a research note on Wednesday, February 5th. National Bankshares reaffirmed a "sector perform" rating on shares of SSR Mining in a research report on Wednesday, April 23rd. Finally, StockNews.com upgraded SSR Mining from a "sell" rating to a "hold" rating in a research report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $10.03.

SSR Mining Stock Up 3.7 %

Shares of SSRM traded up $0.38 during mid-day trading on Monday, reaching $10.63. The company's stock had a trading volume of 2,284,308 shares, compared to its average volume of 2,697,258. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -8.24, a price-to-earnings-growth ratio of 0.37 and a beta of 0.30. The business has a fifty day moving average of $10.34 and a 200 day moving average of $8.14. The company has a quick ratio of 1.97, a current ratio of 4.70 and a debt-to-equity ratio of 0.08. SSR Mining Inc. has a 1 year low of $4.32 and a 1 year high of $11.48.

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

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.