Public Employees Retirement System of Ohio Sells 235,377 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Public Employees Retirement System of Ohio lowered its holdings in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 54.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,785 shares of the basic materials company's stock after selling 235,377 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.10% of SSR Mining worth $1,370,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Capital Wealth Advisors bought a new stake in shares of SSR Mining in the fourth quarter valued at approximately $154,000. Voloridge Investment Management LLC grew its stake in SSR Mining by 22.2% during the fourth quarter. Voloridge Investment Management LLC now owns 2,203,900 shares of the basic materials company's stock valued at $15,339,000 after acquiring an additional 399,806 shares in the last quarter. Vident Advisory LLC grew its stake in SSR Mining by 38.6% during the fourth quarter. Vident Advisory LLC now owns 49,875 shares of the basic materials company's stock valued at $347,000 after acquiring an additional 13,895 shares in the last quarter. Tidal Investments LLC grew its stake in SSR Mining by 14.7% during the fourth quarter. Tidal Investments LLC now owns 3,174,367 shares of the basic materials company's stock valued at $22,094,000 after acquiring an additional 407,920 shares in the last quarter. Finally, TrinityPoint Wealth LLC grew its stake in SSR Mining by 72.4% during the fourth quarter. TrinityPoint Wealth LLC now owns 23,622 shares of the basic materials company's stock valued at $164,000 after acquiring an additional 9,917 shares in the last quarter. Institutional investors own 68.30% of the company's stock.

SSR Mining Trading Down 0.1%

NASDAQ:SSRM traded down $0.01 during midday trading on Friday, reaching $12.74. 3,553,221 shares of the stock traded hands, compared to its average volume of 2,623,803. The company has a fifty day moving average of $10.82 and a 200 day moving average of $9.21. SSR Mining Inc. has a 12 month low of $4.32 and a 12 month high of $13.32. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 4.70. The stock has a market capitalization of $2.58 billion, a P/E ratio of -9.88, a PEG ratio of 0.37 and a beta of -0.13.

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

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of SSR Mining from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. UBS Group boosted their price objective on shares of SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a research note on Friday, April 11th. National Bank Financial raised shares of SSR Mining to a "hold" rating in a research note on Friday, March 21st. Cormark raised shares of SSR Mining from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of SSR Mining in a research note on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, SSR Mining currently has an average rating of "Moderate Buy" and an average target price of $10.03.

SSR Mining 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.