MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 1,802,821 Shares of SSR Mining Inc. (NASDAQ:SSRM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 21.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,079,816 shares of the basic materials company's stock after acquiring an additional 1,802,821 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 4.98% of SSR Mining worth $70,265,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of SSR Mining by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,346,480 shares of the basic materials company's stock worth $72,216,000 after purchasing an additional 71,364 shares in the last quarter. Cibc World Market Inc. increased 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 worth $25,967,000 after purchasing an additional 674,793 shares in the last quarter. Federated Hermes Inc. increased its position in shares of SSR Mining by 53.9% during the 4th quarter. Federated Hermes Inc. now owns 3,671,138 shares of the basic materials company's stock worth $25,551,000 after purchasing an additional 1,285,347 shares in the last quarter. Geode Capital Management LLC increased its position in shares of SSR Mining by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,678,940 shares of the basic materials company's stock worth $18,652,000 after purchasing an additional 38,593 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of SSR Mining by 23.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,918,258 shares of the basic materials company's stock worth $13,351,000 after purchasing an additional 370,006 shares in the last quarter. 68.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SSRM shares. CIBC increased 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 increased 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. Royal Bank of Canada upgraded shares of SSR Mining from an "underperform" rating to a "sector perform" rating and increased their target price for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. National Bankshares restated a "sector perform" rating on shares of SSR Mining in a research report on Wednesday, April 23rd. Finally, StockNews.com upgraded shares of SSR Mining from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.03.

SSR Mining Stock Down 1.8%

SSRM traded down $0.20 during trading on Friday, reaching $10.74. The company had a trading volume of 2,047,237 shares, compared to its average volume of 2,627,777. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. SSR Mining Inc. has a 12 month low of $4.32 and a 12 month high of $11.61. The business's fifty day moving average price is $10.50 and its 200 day moving average price is $8.60. The company has a market cap of $2.18 billion, a P/E ratio of -8.33, a PEG ratio of 0.37 and a beta of -0.15.

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

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.