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

Public Employees Retirement System of Ohio trimmed its holdings in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 54.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 0.10% of SSR Mining worth $1,370,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SSRM. US Bancorp DE grew its holdings in shares of SSR Mining by 62.4% during the fourth quarter. US Bancorp DE now owns 3,540 shares of the basic materials company's stock worth $25,000 after purchasing an additional 1,360 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in SSR Mining during the 4th quarter worth about $29,000. Allianz SE bought a new stake in SSR Mining during the 4th quarter worth about $30,000. Olympiad Research LP acquired a new stake in SSR Mining in the 4th quarter valued at about $94,000. Finally, Tower Research Capital LLC TRC increased its position in SSR Mining by 187.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,599 shares of the basic materials company's stock valued at $95,000 after acquiring an additional 8,872 shares in the last quarter. Institutional investors own 68.30% of the company's stock.

SSR Mining Trading Up 3.2%

NASDAQ SSRM traded up $0.40 during trading hours on Thursday, hitting $12.71. The company's stock had a trading volume of 4,148,500 shares, compared to its average volume of 2,620,522. SSR Mining Inc. has a twelve month low of $4.32 and a twelve month high of $13.18. The firm has a market capitalization of $2.58 billion, a P/E ratio of -9.84, 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 stock has a fifty day moving average of $10.68 and a 200 day moving average of $9.09.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SSRM. UBS Group upped their target price on shares of SSR Mining from $12.10 to $12.35 and gave the stock a "buy" rating in a research report on Friday, April 11th. National Bank Financial upgraded shares of SSR Mining to a "hold" rating in a research report on Friday, March 21st. National Bankshares reiterated a "sector perform" rating on shares of SSR Mining in a research report on Wednesday, April 23rd. CIBC lifted their target price on SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada raised SSR Mining from an "underperform" rating to a "sector perform" rating and upped their price target for the company from $5.50 to $8.00 in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.03.

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.