Virtu Financial LLC Cuts Stake in SSR Mining Inc. (NASDAQ:SSRM)

Virtu Financial LLC lessened its holdings in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 48.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,601 shares of the basic materials company's stock after selling 28,234 shares during the quarter. Virtu Financial LLC's holdings in SSR Mining were worth $213,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SSRM. Intech Investment Management LLC bought a new position in SSR Mining in the 3rd quarter worth approximately $261,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of SSR Mining by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,327,251 shares of the basic materials company's stock worth $7,542,000 after acquiring an additional 75,563 shares during the period. Quantbot Technologies LP grew its position in shares of SSR Mining by 27.1% in the third quarter. Quantbot Technologies LP now owns 66,730 shares of the basic materials company's stock valued at $379,000 after purchasing an additional 14,223 shares in the last quarter. Townsquare Capital LLC bought a new stake in shares of SSR Mining during the 3rd quarter valued at $139,000. Finally, MetLife Investment Management LLC lifted its holdings in SSR Mining by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 118,642 shares of the basic materials company's stock worth $674,000 after purchasing an additional 66,850 shares in the last quarter. Hedge funds and other institutional investors own 68.30% of the company's stock.

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SSR Mining Price Performance

SSRM traded up $0.01 on Wednesday, reaching $10.00. The company had a trading volume of 2,472,075 shares, compared to its average volume of 2,802,826. SSR Mining Inc. has a 52-week low of $4.32 and a 52-week high of $11.48. The company has a market cap of $2.02 billion, a price-to-earnings ratio of -7.75, a P/E/G ratio of 0.37 and a beta of 0.53. 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 business has a 50 day simple moving average of $9.73 and a 200 day simple moving average of $7.56.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last issued 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). SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. The company had revenue of $323.19 million during the quarter, compared to the consensus estimate of $262.20 million. As a group, sell-side analysts anticipate that SSR Mining Inc. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

SSRM has been the subject of a number of recent analyst reports. StockNews.com raised 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 target price for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. CIBC increased their target price 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. National Bank Financial upgraded shares of SSR Mining to a "hold" rating in a research report on Friday, March 21st. Finally, UBS Group increased their price objective on SSR Mining from $7.15 to $12.05 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $9.93.

SSR Mining 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.