SSR Mining Inc. (NASDAQ:SSRM) Stake Decreased by Legal & General Group Plc

Legal & General Group Plc cut its holdings in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 9.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 235,274 shares of the basic materials company's stock after selling 24,709 shares during the quarter. Legal & General Group Plc owned about 0.12% of SSR Mining worth $1,642,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. US Bancorp DE grew its position 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 valued at $25,000 after acquiring an additional 1,360 shares during the period. SBI Securities Co. Ltd. bought a new position in SSR Mining in the 4th quarter valued at about $29,000. Allianz SE bought a new position in shares of SSR Mining in the 4th quarter valued at $30,000. Lincoln Capital LLC acquired a new stake in SSR Mining in the fourth quarter valued at approximately $70,000. Finally, HighTower Advisors LLC boosted its stake 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 valued at $75,000 after purchasing an additional 2,619 shares in the last quarter. Institutional investors own 68.30% of the company's stock.

SSR Mining Stock Down 4.0 %

SSR Mining stock traded down $0.43 during trading hours on Thursday, reaching $10.21. The stock had a trading volume of 519,389 shares, compared to its average volume of 2,667,726. 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 company has a market cap of $2.07 billion, a price-to-earnings ratio of -7.93, a PEG ratio of 0.37 and a beta of 0.30. The business's 50 day moving average price is $10.35 and its 200-day moving average price is $8.21. SSR Mining Inc. has a 52 week low of $4.32 and a 52 week high of $11.48.

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). 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 during the quarter, compared to analysts' expectations of $262.20 million. Sell-side analysts anticipate that SSR Mining Inc. will post 0.73 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on SSRM shares. CIBC lifted their price objective on SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. National Bankshares reissued a "sector perform" rating on shares of SSR Mining in a research note on Wednesday, April 23rd. National Bank Financial raised SSR Mining to a "hold" rating in a research report on Friday, March 21st. StockNews.com upgraded SSR Mining from a "sell" rating to a "hold" rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada raised shares of SSR Mining from an "underperform" rating to a "sector perform" rating and boosted their price objective for the company from $5.50 to $8.00 in a research note on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, SSR Mining currently has an average rating of "Hold" and a consensus target price of $10.03.

About SSR Mining

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.