Franklin Resources Inc. Has $1.39 Million Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Franklin Resources Inc. boosted its stake in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 35.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,748 shares of the basic materials company's stock after acquiring an additional 52,736 shares during the quarter. Franklin Resources Inc. owned 0.10% of SSR Mining worth $1,390,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE grew its holdings in shares of SSR Mining by 62.4% in the 4th 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. bought a new stake in SSR Mining during the fourth quarter worth about $29,000. Allianz SE acquired a new stake in shares of SSR Mining during the fourth quarter worth approximately $30,000. Lincoln Capital LLC bought a new position in shares of SSR Mining in the fourth quarter valued at approximately $70,000. Finally, HighTower Advisors LLC boosted its holdings in shares of SSR Mining by 24.8% in the 3rd quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company's stock worth $75,000 after acquiring an additional 2,619 shares in the last quarter. 68.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com upgraded SSR Mining from a "sell" rating to a "hold" rating in a research report on Friday, January 17th. UBS Group increased their price objective 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 Bank Financial upgraded shares of SSR Mining to a "hold" rating in a research report on Friday, March 21st. Royal Bank of Canada raised shares of SSR Mining from an "underperform" rating to a "sector perform" rating and raised their price target for the company from $5.50 to $8.00 in a report on Wednesday, February 5th. Finally, CIBC upped their target price on shares of SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, SSR Mining currently has an average rating of "Hold" and an average target price of $10.03.

SSR Mining Trading Down 1.3 %

Shares of SSR Mining stock traded down $0.14 on Friday, hitting $10.84. 1,779,678 shares of the company's stock traded hands, compared to its average volume of 2,720,943. SSR Mining Inc. has a one year low of $4.32 and a one year high of $11.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. The stock has a market capitalization of $2.20 billion, a PE ratio of -8.40, a price-to-earnings-growth ratio of 0.37 and a beta of 0.30. The firm's 50-day moving average price is $10.23 and its two-hundred day moving average price is $7.96.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last released its earnings results on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $323.19 million during the quarter, compared to analyst estimates of $262.20 million. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. On average, research analysts expect that SSR Mining Inc. will post 0.73 EPS for the current fiscal 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.