SSR Mining Inc. (NASDAQ:SSRM) Shares Sold by PDT Partners LLC

PDT Partners LLC cut its holdings in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 43.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 268,531 shares of the basic materials company's stock after selling 210,340 shares during the period. PDT Partners LLC owned 0.13% of SSR Mining worth $1,525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of SSR Mining by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 8,303,664 shares of the basic materials company's stock valued at $37,034,000 after purchasing an additional 533,880 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of SSR Mining by 18.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 46,324 shares of the basic materials company's stock worth $207,000 after buying an additional 7,277 shares during the period. Simplicity Wealth LLC grew its holdings in shares of SSR Mining by 84.2% during the second quarter. Simplicity Wealth LLC now owns 29,771 shares of the basic materials company's stock valued at $135,000 after buying an additional 13,611 shares during the last quarter. Wedmont Private Capital increased its position in shares of SSR Mining by 207.5% in the 2nd quarter. Wedmont Private Capital now owns 55,839 shares of the basic materials company's stock valued at $252,000 after acquiring an additional 37,680 shares during the period. Finally, Catalina Capital Group LLC acquired a new position in shares of SSR Mining in the 2nd quarter valued at $86,000. Hedge funds and other institutional investors own 68.30% of the company's stock.

SSR Mining Stock Performance

Shares of SSRM traded down $0.11 during mid-day trading on Monday, reaching $5.70. The company had a trading volume of 1,047,278 shares, compared to its average volume of 3,395,581. The stock has a market capitalization of $1.15 billion, a P/E ratio of -2.38, a PEG ratio of 0.96 and a beta of 0.72. SSR Mining Inc. has a 52-week low of $3.76 and a 52-week high of $11.91. The stock has a 50 day moving average of $5.87 and a two-hundred day moving average of $5.38. The company has a quick ratio of 1.97, a current ratio of 3.91 and a debt-to-equity ratio of 0.08.

Analysts Set New Price Targets

SSRM has been the topic of several research analyst reports. UBS Group boosted their price target on SSR Mining from $6.30 to $6.80 and gave the company a "buy" rating in a research note on Tuesday, October 15th. StockNews.com lowered SSR Mining from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $5.18.

About SSR Mining

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.