SSR Mining Inc. (NASDAQ:SSRM) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd lowered its position in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 54.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 220,524 shares of the basic materials company's stock after selling 261,173 shares during the quarter. Ninety One UK Ltd owned approximately 0.11% of SSR Mining worth $1,535,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cibc World Market Inc. raised its stake in SSR Mining by 22.1% during 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 purchasing an additional 674,793 shares during the period. Two Sigma Advisers LP increased its holdings in shares of SSR Mining by 16.2% during 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 buying an additional 462,000 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of SSR Mining by 399.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 432,162 shares of the basic materials company's stock worth $2,455,000 after buying an additional 345,568 shares during the period. JPMorgan Chase & Co. boosted its holdings in SSR Mining by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company's stock valued at $8,794,000 after acquiring an additional 220,349 shares during the last quarter. Finally, Martingale Asset Management L P grew its position in SSR Mining by 115.9% during the third quarter. Martingale Asset Management L P now owns 407,996 shares of the basic materials company's stock valued at $2,317,000 after acquiring an additional 219,013 shares during the period. 68.30% of the stock is owned by hedge funds and other institutional investors.

SSR Mining Stock Down 1.2 %

Shares of SSR Mining stock traded down $0.11 during trading hours on Friday, hitting $9.01. 2,835,769 shares of the company's stock traded hands, compared to its average volume of 2,395,336. SSR Mining Inc. has a twelve month low of $3.76 and a twelve month high of $9.82. The company has a market cap of $1.82 billion, a PE ratio of -3.77 and a beta of 0.62. The company has a quick ratio of 1.97, a current ratio of 3.91 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $7.39 and a 200-day simple moving average of $6.21.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SSRM shares. StockNews.com upgraded SSR Mining from a "sell" rating to a "hold" rating in a report on Friday, January 17th. Royal Bank of Canada raised shares of SSR Mining from an "underperform" rating to a "sector perform" rating and upped their price target for the stock from $5.50 to $8.00 in a research report on Wednesday. Finally, UBS Group upped their target price on SSR Mining from $6.30 to $6.80 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $6.85.

SSR Mining Company 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.