Guggenheim Capital LLC Sells 103,179 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Guggenheim Capital LLC decreased its stake in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 30.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 239,078 shares of the basic materials company's stock after selling 103,179 shares during the period. Guggenheim Capital LLC owned 0.12% of SSR Mining worth $1,664,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SSRM. HighTower Advisors LLC grew its position in SSR Mining by 24.8% during the third quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company's stock worth $75,000 after buying an additional 2,619 shares in the last quarter. Barclays PLC raised its stake in SSR Mining by 33.8% in the third quarter. Barclays PLC now owns 701,763 shares of the basic materials company's stock valued at $3,985,000 after purchasing an additional 177,447 shares in the last quarter. Virtu Financial LLC bought a new stake in SSR Mining during the third quarter worth about $334,000. Tidal Investments LLC grew its stake in SSR Mining by 6.4% during the third quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company's stock worth $15,713,000 after buying an additional 166,130 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in SSR Mining by 649.6% in the 3rd quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company's stock valued at $847,000 after buying an additional 127,401 shares during the period. 68.30% of the stock is owned by institutional investors.

SSR Mining Price Performance

Shares of SSRM traded down $0.00 during trading hours on Friday, reaching $10.30. The stock had a trading volume of 696,486 shares, compared to its average volume of 2,700,459. The stock has a market capitalization of $2.09 billion, a PE ratio of -7.97, a PEG ratio of 0.37 and a beta of 0.30. SSR Mining Inc. has a 12 month low of $4.32 and a 12 month high of $11.48. 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 company's 50-day moving average is $10.32 and its two-hundred day moving average is $8.07.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SSRM shares. UBS Group increased their price target 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. Cormark upgraded SSR Mining from a "hold" rating to a "moderate buy" rating in a research note on Tuesday. Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and upped their price objective for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. National Bank Financial upgraded SSR Mining to a "hold" rating in a research report on Friday, March 21st. Finally, StockNews.com raised SSR Mining from a "sell" rating to a "hold" rating in a research note on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, SSR Mining presently has an average rating of "Hold" 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.