SSR Mining Inc. (NASDAQ:SSRM) Shares Sold by Signaturefd LLC

Signaturefd LLC lessened its stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,399 shares of the basic materials company’s stock after selling 1,357 shares during the quarter. Signaturefd LLC’s holdings in SSR Mining were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SSRM. US Bancorp DE increased its stake 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 worth $25,000 after acquiring an additional 1,360 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in SSR Mining during the fourth quarter worth $29,000. Point72 DIFC Ltd acquired a new stake in SSR Mining during the third quarter worth $47,000. Lincoln Capital LLC purchased a new position in shares of SSR Mining during the fourth quarter worth $70,000. Finally, HighTower Advisors LLC boosted its position in shares of SSR Mining by 24.8% during the third quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company’s stock worth $75,000 after buying an additional 2,619 shares during the period. Institutional investors and hedge funds own 68.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on SSRM shares. Royal Bank of Canada upgraded SSR Mining from an “underperform” rating to a “sector perform” rating and raised their price target for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. UBS Group raised their price target on SSR Mining from $7.15 to $12.05 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. CIBC raised their price target on SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Finally, StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.93.

SSR Mining Trading Down 2.1 %

NASDAQ:SSRM opened at $10.88 on Friday. The firm has a market cap of $2.20 billion, a PE ratio of -8.43, a price-to-earnings-growth ratio of 0.37 and a beta of 0.53. The stock has a fifty day moving average price of $9.24 and a 200 day moving average price of $7.26. SSR Mining Inc. has a 12-month low of $3.96 and a 12-month high of $11.38. The company has a current ratio of 4.70, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its earnings results 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 company had revenue of $323.19 million during the quarter, compared to analysts’ expectations of $262.20 million. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. Sell-side analysts anticipate that SSR Mining Inc. will post 0.73 earnings per share for the current fiscal year.

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.