SSR Mining Inc. (NASDAQ:SSRM) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its position in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 52.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,292,849 shares of the basic materials company's stock after selling 1,429,718 shares during the quarter. Invesco Ltd. owned 0.64% of SSR Mining worth $8,998,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE raised its position in 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 period. SBI Securities Co. Ltd. purchased a new position in shares of SSR Mining during the fourth quarter worth approximately $29,000. Allianz SE purchased a new position in shares of SSR Mining during the fourth quarter worth approximately $30,000. Lincoln Capital LLC purchased a new position in shares of SSR Mining during the fourth quarter worth approximately $70,000. Finally, HighTower Advisors LLC increased its position in shares of 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 acquiring an additional 2,619 shares during the period. 68.30% of the stock is owned by hedge funds and other institutional investors.

SSR Mining Stock Down 2.2 %

SSRM traded down $0.24 during trading on Tuesday, hitting $10.40. The stock had a trading volume of 226,380 shares, compared to its average volume of 2,687,629. The company has a market capitalization of $2.11 billion, a PE ratio of -8.06, a PEG ratio of 0.37 and a beta of 0.30. SSR Mining Inc. has a twelve month low of $4.32 and a twelve 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 stock has a 50 day simple moving average of $10.34 and a two-hundred day simple moving average of $8.17.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced 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 firm 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 predict that SSR Mining Inc. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SSRM shares. CIBC raised their target price on shares of SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. UBS Group raised 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 raised shares of SSR Mining to a "hold" rating in a report on Friday, March 21st. National Bankshares reissued a "sector perform" rating on shares of SSR Mining in a report on Wednesday, April 23rd. Finally, StockNews.com raised shares of SSR Mining from a "sell" rating to a "hold" rating in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, SSR Mining currently has an average rating of "Hold" and an average target price 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.