Federated Hermes Inc. raised its position in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 53.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,671,138 shares of the basic materials company's stock after purchasing an additional 1,285,347 shares during the period. Federated Hermes Inc. owned 1.81% of SSR Mining worth $25,551,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in shares of 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 worth $162,000 after purchasing an additional 3,693 shares in the last quarter. Trexquant Investment LP grew its position in SSR Mining by 1,582.3% in 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 in the last quarter. Geode Capital Management LLC increased its stake 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 valued at $18,652,000 after acquiring an additional 38,593 shares during the last quarter. Franklin Resources Inc. raised its position in SSR Mining by 35.9% during the fourth quarter. Franklin Resources Inc. now owns 199,748 shares of the basic materials company's stock valued at $1,390,000 after purchasing an additional 52,736 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in SSR Mining by 0.4% during the fourth quarter. Wellington Management Group LLP now owns 497,378 shares of the basic materials company's stock worth $3,462,000 after purchasing an additional 1,884 shares during the last quarter. 68.30% of the stock is currently owned by hedge funds and other institutional investors.
SSR Mining Trading Up 2.7 %
Shares of NASDAQ SSRM traded up $0.29 during mid-day trading on Monday, hitting $10.94. The stock had a trading volume of 725,137 shares, compared to its average volume of 2,742,227. The business has a 50 day moving average price of $10.06 and a two-hundred day moving average price of $7.80. SSR Mining Inc. has a 1 year low of $4.32 and a 1 year high of $11.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 4.70. The firm has a market cap of $2.21 billion, a P/E ratio of -8.48, a price-to-earnings-growth ratio of 0.37 and a beta of 0.30.
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 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). The business had revenue of $323.19 million for 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%. On average, equities analysts anticipate that SSR Mining Inc. will post 0.73 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. National Bank Financial upgraded SSR Mining to a "hold" rating in a research report on Friday, March 21st. UBS Group lifted their price target on shares of SSR Mining from $12.10 to $12.35 and gave the stock a "buy" rating in a research note on Friday. Royal Bank of Canada raised shares of SSR Mining from an "underperform" rating to a "sector perform" rating and upped their price objective for the company from $5.50 to $8.00 in a research note on Wednesday, February 5th. CIBC lifted their target price on shares of SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Finally, StockNews.com upgraded shares of SSR Mining from a "sell" rating to a "hold" rating in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $10.03.
Get Our Latest Stock Analysis on SSRM
SSR Mining Company Profile
(
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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