Hollencrest Capital Management decreased its stake in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 81.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,859 shares of the basic materials company's stock after selling 162,543 shares during the period. Hollencrest Capital Management's holdings in SSR Mining were worth $257,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Cibc World Market Inc. increased its stake in SSR Mining by 22.1% during the 4th quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company's stock valued at $25,967,000 after buying an additional 674,793 shares during the period. Two Sigma Advisers LP grew its stake in shares of SSR Mining by 16.2% in the 3rd quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company's stock worth $18,860,000 after purchasing an additional 462,000 shares during the last quarter. Tidal Investments LLC grew its stake in shares of SSR Mining by 6.4% in the 3rd quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company's stock worth $15,713,000 after purchasing an additional 166,130 shares during the last quarter. National Bank of Canada FI grew its stake in shares of SSR Mining by 3.8% in the 3rd quarter. National Bank of Canada FI now owns 2,737,848 shares of the basic materials company's stock worth $15,551,000 after purchasing an additional 100,946 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of SSR Mining by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company's stock worth $8,794,000 after purchasing an additional 220,349 shares during the last quarter. Institutional investors and hedge funds own 68.30% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on SSRM shares. StockNews.com raised shares of SSR Mining from a "sell" rating to a "hold" rating in a research note on Friday, January 17th. UBS Group lifted their price objective on shares of SSR Mining from $7.15 to $12.05 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Royal Bank of Canada raised shares of SSR Mining from an "underperform" rating to a "sector perform" rating and lifted their price objective for the stock from $5.50 to $8.00 in a research note on Wednesday, February 5th. Finally, CIBC lifted their price objective on shares of SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Three equities research 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 stock has an average rating of "Hold" and a consensus target price of $9.93.
Get Our Latest Stock Report on SSRM
SSR Mining Stock Performance
SSR Mining stock opened at $10.24 on Thursday. The firm's 50 day simple moving average is $8.73 and its 200-day simple moving average is $6.98. The company has a market cap of $2.07 billion, a P/E ratio of -7.94, a price-to-earnings-growth ratio of 0.37 and a beta of 0.53. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. SSR Mining Inc. has a fifty-two week low of $3.91 and a fifty-two week high of $10.91.
SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last released its earnings results on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $323.19 million during the quarter, compared to analysts' expectations of $262.20 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. As a group, equities research analysts predict that SSR Mining Inc. will post 0.73 EPS for the current year.
SSR Mining Company Profile
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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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