State of Wyoming Takes $195,000 Position in SSR Mining Inc. (NASDAQ:SSRM)

State of Wyoming acquired a new stake in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 27,974 shares of the basic materials company's stock, valued at approximately $195,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of SSR Mining by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,346,480 shares of the basic materials company's stock valued at $72,216,000 after acquiring an additional 71,364 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in SSR Mining by 21.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,079,816 shares of the basic materials company's stock worth $70,265,000 after purchasing an additional 1,802,821 shares during the period. Cibc World Market Inc. boosted its position in shares of SSR Mining by 22.1% during the 4th quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company's stock valued at $25,967,000 after acquiring an additional 674,793 shares in the last quarter. Federated Hermes Inc. boosted its holdings in 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 purchasing an additional 1,285,347 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in SSR Mining by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 2,678,940 shares of the basic materials company's stock valued at $18,652,000 after acquiring an additional 38,593 shares during the period. 68.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SSRM has been the topic of several research analyst reports. National Bank Financial raised shares of SSR Mining to a "hold" rating in a research note on Friday, March 21st. CIBC upped their price objective on SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, February 19th. UBS Group increased their target price on shares of SSR Mining from $12.10 to $12.35 and gave the stock a "buy" rating in a report on Friday, April 11th. National Bankshares reiterated a "sector perform" rating on shares of SSR Mining in a report on Wednesday, April 23rd. Finally, Cormark upgraded SSR Mining from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, SSR Mining has a consensus rating of "Moderate Buy" and a consensus target price of $10.03.

SSR Mining Stock Up 0.1%

NASDAQ SSRM traded up $0.02 during trading hours on Friday, hitting $11.76. 812,029 shares of the company traded hands, compared to its average volume of 2,596,949. SSR Mining Inc. has a twelve month low of $4.32 and a twelve month high of $11.89. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -9.12, a P/E/G ratio of 0.37 and a beta of -0.15. 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 business's 50-day moving average is $10.58 and its 200-day moving average is $8.88.

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

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.