Martingale Asset Management L P decreased its position in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 377,289 shares of the basic materials company's stock after selling 30,707 shares during the period. Martingale Asset Management L P owned about 0.19% of SSR Mining worth $2,626,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of 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 valued at $72,216,000 after purchasing an additional 71,364 shares in the last quarter. Cibc World Market Inc. raised its position in 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 acquiring an additional 674,793 shares during the period. Federated Hermes Inc. lifted its holdings 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 worth $25,551,000 after purchasing an additional 1,285,347 shares in the last quarter. Tidal Investments LLC grew its position in SSR Mining by 6.4% in the third quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company's stock worth $15,713,000 after acquiring an additional 166,130 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 38,593 shares during the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.
SSR Mining Stock Performance
Shares of NASDAQ SSRM traded up $0.26 during trading hours on Wednesday, hitting $11.07. 1,207,587 shares of the company's stock were exchanged, compared to its average volume of 2,734,796. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of -8.58, a PEG ratio of 0.37 and a beta of 0.30. 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 company's 50-day moving average price is $10.13 and its 200-day moving average price is $7.85. 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 posted its quarterly earnings results 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). The firm had revenue of $323.19 million for the quarter, compared to the consensus estimate of $262.20 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. On average, sell-side analysts expect that SSR Mining Inc. will post 0.73 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on SSRM. CIBC raised their target price on SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. UBS Group raised their target price on shares of SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a research note on Friday, April 11th. National Bank Financial raised shares of SSR Mining to a "hold" rating in a report on Friday, March 21st. StockNews.com upgraded SSR Mining from a "sell" rating to a "hold" rating in a report on Friday, January 17th. Finally, Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and boosted their price objective for the company from $5.50 to $8.00 in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $10.03.
Check Out Our Latest Stock Report on SSRM
About SSR Mining
(
Free Report)
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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