SSR Mining Inc. (NASDAQ:SSRM) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its stake in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 92.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,762 shares of the basic materials company's stock after selling 280,593 shares during the quarter. Ameriprise Financial Inc.'s holdings in SSR Mining were worth $158,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of SSR Mining by 23.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,918,258 shares of the basic materials company's stock valued at $13,351,000 after purchasing an additional 370,006 shares during the last quarter. American Century Companies Inc. raised its stake in shares of SSR Mining by 99.3% in the 4th quarter. American Century Companies Inc. now owns 506,331 shares of the basic materials company's stock valued at $3,528,000 after purchasing an additional 252,293 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in SSR Mining by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,378,659 shares of the basic materials company's stock valued at $9,614,000 after buying an additional 51,408 shares in the last quarter. Sei Investments Co. raised its holdings in shares of SSR Mining by 36.1% during the fourth quarter. Sei Investments Co. now owns 253,733 shares of the basic materials company's stock worth $1,766,000 after purchasing an additional 67,369 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in SSR Mining during the fourth quarter worth about $29,000. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Cormark upgraded shares of SSR Mining from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. UBS Group raised their price target on SSR Mining from $12.10 to $12.35 and gave the stock a "buy" rating in a report on Friday, April 11th. CIBC increased their target price on SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Wall Street Zen lowered SSR Mining from a "strong-buy" rating to a "buy" rating in a research report on Friday. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of SSR Mining in a research report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $10.03.

SSR Mining Stock Performance

SSRM traded down $0.01 during trading hours on Friday, hitting $12.74. The company's stock had a trading volume of 3,553,221 shares, compared to its average volume of 2,623,804. SSR Mining Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $13.33. 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 firm has a market capitalization of $2.58 billion, a PE ratio of -9.88, a PEG ratio of 0.37 and a beta of -0.13. The company has a 50-day simple moving average of $10.82 and a 200 day simple moving average of $9.21.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.21. The company had revenue of $303.43 million for the quarter, compared to analyst estimates of $332.64 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 expect that SSR Mining Inc. will post 0.73 EPS for the current 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.