SSR Mining Inc. (NASDAQ:SSRM) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp cut its holdings in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,837,984 shares of the basic materials company's stock after selling 1,847,321 shares during the period. Van ECK Associates Corp owned approximately 8.32% of SSR Mining worth $117,197,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC purchased a new position in SSR Mining during the second quarter worth about $227,000. Truist Financial Corp purchased a new position in SSR Mining in the second quarter valued at about $374,000. CWM LLC boosted its stake in SSR Mining by 226.9% in the third quarter. CWM LLC now owns 22,202 shares of the basic materials company's stock valued at $126,000 after acquiring an additional 15,411 shares during the last quarter. Creative Planning boosted its stake in SSR Mining by 26.0% in the third quarter. Creative Planning now owns 76,805 shares of the basic materials company's stock valued at $436,000 after acquiring an additional 15,870 shares during the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in SSR Mining in the third quarter valued at about $57,000. 68.30% of the stock is owned by institutional investors.

SSR Mining Trading Down 2.1 %

Shares of SSRM stock traded down $0.20 on Monday, hitting $9.14. 2,573,015 shares of the company's stock traded hands, compared to its average volume of 2,395,336. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91. SSR Mining Inc. has a one year low of $3.90 and a one year high of $9.60. The company's fifty day simple moving average is $7.75 and its 200 day simple moving average is $6.38. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -3.82 and a beta of 0.62.

Analysts Set New Price Targets

SSRM has been the topic of a number of recent research reports. Royal Bank of Canada upgraded shares of SSR Mining from an "underperform" rating to a "sector perform" rating and upped their price target for the company from $5.50 to $8.00 in a research note on Wednesday, February 5th. StockNews.com upgraded shares of SSR Mining from a "sell" rating to a "hold" rating in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, SSR Mining currently has an average rating of "Hold" and a consensus target price of $6.85.

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.