Vanguard Group Inc. Buys 71,364 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Vanguard Group Inc. raised its holdings in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,346,480 shares of the basic materials company's stock after acquiring an additional 71,364 shares during the period. Vanguard Group Inc. owned approximately 5.11% of SSR Mining worth $72,216,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. US Bancorp DE lifted its position in SSR Mining by 62.4% during the fourth quarter. US Bancorp DE now owns 3,540 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 1,360 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in SSR Mining in the 4th quarter worth $29,000. Lincoln Capital LLC bought a new stake in SSR Mining in the fourth quarter worth $70,000. HighTower Advisors LLC boosted its position in SSR Mining by 24.8% during the third quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company's stock valued at $75,000 after buying an additional 2,619 shares during the period. Finally, Olympiad Research LP bought a new position in shares of SSR Mining during the fourth quarter valued at about $94,000. Institutional investors own 68.30% of the company's stock.

SSR Mining Trading Up 1.7 %

SSRM stock traded up $0.18 during trading on Wednesday, reaching $10.99. The company had a trading volume of 510,344 shares, compared to its average volume of 2,732,006. SSR Mining Inc. has a 52 week low of $4.32 and a 52 week high of $11.48. The business has a 50 day moving average of $10.13 and a 200 day moving average of $7.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. The company has a market cap of $2.23 billion, a P/E ratio of -8.53, a PEG ratio of 0.37 and a beta of 0.30.

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SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). The firm had revenue of $323.19 million during the quarter, compared to the consensus estimate 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, sell-side analysts forecast that SSR Mining Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

SSRM has been the subject of several analyst reports. National Bank Financial upgraded SSR Mining to a "hold" rating in a report on Friday, March 21st. UBS Group lifted their target price on shares of SSR Mining from $12.10 to $12.35 and gave the stock a "buy" rating in a research note on Friday, April 11th. Royal Bank of Canada raised shares of SSR Mining from an "underperform" rating to a "sector perform" rating and increased their price target for the company from $5.50 to $8.00 in a research report on Wednesday, February 5th. CIBC boosted their price objective on shares of SSR Mining from $8.25 to $9.75 and gave the company 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 report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $10.03.

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.