SSR Mining Inc. (NASDAQ:SSRM) Stock Position Trimmed by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its position in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 19.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,665,084 shares of the basic materials company's stock after selling 655,300 shares during the period. Two Sigma Advisers LP owned 1.32% of SSR Mining worth $18,549,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SSRM. UBS Group increased their target price on shares of SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a research report on Friday, April 11th. Cormark upgraded shares of SSR Mining from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. StockNews.com upgraded shares of SSR Mining from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. National Bank Financial upgraded SSR Mining to a "hold" rating in a research report on Friday, March 21st. Finally, National Bankshares reaffirmed 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 MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $10.03.

SSR Mining Stock Up 1.7%

NASDAQ SSRM opened at $11.42 on Thursday. SSR Mining Inc. has a 12 month low of $4.32 and a 12 month high of $11.61. The company has a market capitalization of $2.32 billion, a P/E ratio of -8.85, a PEG ratio of 0.37 and a beta of -0.15. The company's 50 day simple moving average is $10.54 and its 200 day simple moving average is $8.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97.

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 (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $332.64 million. Equities research analysts expect 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.

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