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D. E. Shaw & Co. Inc. Sells 780,268 Shares of SSR Mining Inc. (NASDAQ:SSRM)

SSR Mining logo with Basic Materials background

D. E. Shaw & Co. Inc. reduced its position in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 8.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,751,500 shares of the basic materials company's stock after selling 780,268 shares during the quarter. D. E. Shaw & Co. Inc. owned 4.32% of SSR Mining worth $60,951,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. raised its position in shares of SSR Mining by 53.9% during the fourth quarter. Federated Hermes Inc. now owns 3,671,138 shares of the basic materials company's stock valued at $25,551,000 after buying an additional 1,285,347 shares during the last quarter. Cibc World Market Inc. boosted its stake in shares of SSR Mining by 22.1% during the fourth quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company's stock valued at $25,967,000 after purchasing an additional 674,793 shares during the period. JPMorgan Chase & Co. grew its holdings in SSR Mining by 23.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,918,258 shares of the basic materials company's stock worth $13,351,000 after acquiring an additional 370,006 shares in the last quarter. Trexquant Investment LP grew its holdings in SSR Mining by 1,582.3% during 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 in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of SSR Mining by 99.3% during the fourth quarter. American Century Companies Inc. now owns 506,331 shares of the basic materials company's stock valued at $3,528,000 after buying an additional 252,293 shares during the last quarter. 68.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SSRM shares. CIBC raised their price objective on shares of SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Cormark upgraded shares of SSR Mining from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. UBS Group boosted their target price on shares of SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a report on Friday, April 11th. National Bank Financial upgraded shares of SSR Mining to a "hold" rating in a report on Friday, March 21st. Finally, National Bankshares restated a "sector perform" rating on shares of SSR Mining in a research note on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and two have given 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.

Check Out Our Latest Report on SSRM

SSR Mining Stock Up 6.3%

Shares of SSR Mining stock traded up $0.64 on Thursday, hitting $10.90. 1,134,244 shares of the company's stock traded hands, compared to its average volume of 2,642,186. The stock has a market cap of $2.21 billion, a P/E ratio of -8.45, a PEG ratio of 0.37 and a beta of -0.15. 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 firm's 50-day moving average is $10.45 and its 200 day moving average is $8.51. SSR Mining Inc. has a 52-week low of $4.32 and a 52-week high of $11.61.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.21. The business had revenue of $303.43 million during the quarter, compared to the consensus estimate of $332.64 million. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. Equities analysts anticipate that SSR Mining Inc. will post 0.73 earnings per share for the current year.

SSR Mining Company Profile

(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.

See Also

Institutional Ownership by Quarter for SSR Mining (NASDAQ:SSRM)

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