Barclays PLC Sells 115,918 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Barclays PLC lowered its position in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 585,845 shares of the basic materials company's stock after selling 115,918 shares during the quarter. Barclays PLC owned about 0.29% of SSR Mining worth $4,077,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SSRM. Xponance Inc. lifted its position in SSR Mining by 9.3% during the 4th quarter. Xponance Inc. now owns 14,387 shares of the basic materials company's stock valued at $100,000 after acquiring an additional 1,222 shares during the period. CIBC Asset Management Inc raised its holdings in SSR Mining by 0.5% in the fourth quarter. CIBC Asset Management Inc now owns 248,064 shares of the basic materials company's stock worth $1,729,000 after buying an additional 1,282 shares during the last quarter. US Bancorp DE lifted its stake in shares of SSR Mining by 62.4% in the fourth quarter. US Bancorp DE now owns 3,540 shares of the basic materials company's stock worth $25,000 after buying an additional 1,360 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of SSR Mining by 11.3% during the fourth quarter. HB Wealth Management LLC now owns 14,376 shares of the basic materials company's stock valued at $100,000 after buying an additional 1,463 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of SSR Mining by 0.4% during the fourth quarter. Wellington Management Group LLP now owns 497,378 shares of the basic materials company's stock valued at $3,462,000 after acquiring an additional 1,884 shares in the last quarter. 68.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on SSRM shares. Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and increased their target price for the company from $5.50 to $8.00 in a research note on Wednesday, February 5th. National Bank Financial raised shares of SSR Mining to a "hold" rating in a report on Friday, March 21st. CIBC increased their price target on SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, February 19th. 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 report on Friday, April 11th. Finally, National Bankshares restated a "sector perform" rating on shares of SSR Mining in a research note on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.03.

SSR Mining Stock Performance

NASDAQ:SSRM traded down $0.15 during mid-day trading on Friday, hitting $9.91. 546,484 shares of the company traded hands, compared to its average volume of 2,665,928. The company has a quick ratio of 1.97, a current ratio of 4.70 and a debt-to-equity ratio of 0.08. The stock's fifty day moving average price is $10.34 and its 200-day moving average price is $8.24. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of -7.67, a price-to-earnings-growth ratio of 0.37 and a beta of 0.30. SSR Mining Inc. has a one year low of $4.32 and a one year high of $11.48.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted 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). The business had revenue of $323.19 million for the quarter, compared to the consensus estimate of $262.20 million. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. Research 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.