6 days Ago By ABMN Staff
Mariner LLC reduced its position in SSR Mining Inc. ( NASDAQ:SSRM – Free Report ) (TSE:SSO) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC.
The fund owned 112,214 shares of the basic materials company’s stock after selling 4,475 shares during the quarter. Mariner LLC owned about 0.06% of SSR Mining worth $783,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake in SSR Mining by 6.9% in the 4th quarter.
Sterling Capital Management LLC now owns 89,459 shares of the basic materials company’s stock valued at $623,000 after purchasing an additional 5,790 shares during the last quarter. Heritage Trust Co acquired a new stake in shares of SSR Mining in the 4th quarter worth $139,000. Federated Hermes Inc.
increased its stake in shares of SSR Mining by 53.9% in the 4th quarter. Federated Hermes Inc.
now owns 3,671,138 shares of the basic materials company’s stock worth $25,551,000 after acquiring an additional 1,285,347 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of SSR Mining by 18.
9% in the 4th quarter. Russell Investments Group Ltd. now owns 23,253 shares of the basic materials company’s stock worth $162,000 after acquiring an additional 3,693 shares during the last quarter.
Finally, Trexquant Investment LP increased its stake in shares of SSR Mining by 1,582.3% in the 4th quarter. Trexquant Investment LP now owns 324,461 shares of the basic materials company’s stock worth $2,258,000 after acquiring an additional 305,174 shares during the last quarter.
68.30% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth A number of analysts have issued reports on SSRM shares.
UBS Group raised their target price on SSR Mining from $12.10 to $12.35 and gave the stock a “buy” rating in a research note on Friday, April 11th.
CIBC raised their target price on SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th.
Cormark raised SSR Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 22nd. National Bankshares reaffirmed a “sector perform” rating on shares of SSR Mining in a research note on Wednesday, April 23rd. Finally, National Bank Financial raised SSR Mining to a “hold” rating in a research report on Friday, March 21st.
Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, SSR Mining currently has an average rating of “Hold” and an average price target of $10.03.
SSR Mining Stock Up 3.7 % Shares of NASDAQ:SSRM opened at $10.63 on Tuesday.
The business has a 50-day moving average price of $10.34 and a 200 day moving average price of $8.17.
The company has a current ratio of 4.70, a quick ratio of 1.97 and a debt-to-equity ratio of 0.
08. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of -8.
24, a PEG ratio of 0.37 and a beta of 0.30.
SSR Mining Inc. has a 12-month low of $4.32 and a 12-month high of $11.
48. SSR Mining ( NASDAQ:SSRM – Get Free Report ) (TSE:SSO) last announced its 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 negative net margin of 26.24% and a positive return on equity of 1.46%.
The firm had revenue of $323.19 million for the quarter, compared to analysts’ expectations of $262.20 million.
Sell-side analysts expect that SSR Mining Inc. will post 0.73 EPS for the current year.
About SSR Mining ( Free Report ) 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.
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