SSR Mining Inc. (NASDAQ:SSRM) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its position in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,541,799 shares of the basic materials company's stock after selling 616,472 shares during the period. Mackenzie Financial Corp owned 1.25% of SSR Mining worth $27,291,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SSRM. Great West Life Assurance Co. Can increased its stake in SSR Mining by 9.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 12,841 shares of the basic materials company's stock worth $297,000 after acquiring an additional 1,143 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of SSR Mining by 31.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,454,876 shares of the basic materials company's stock valued at $31,644,000 after purchasing an additional 349,449 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of SSR Mining during the 1st quarter valued at about $413,000. Cetera Investment Advisers purchased a new stake in SSR Mining during the 1st quarter valued at about $202,000. Finally, Moors & Cabot Inc. purchased a new stake in SSR Mining during the 1st quarter valued at about $212,000. Hedge funds and other institutional investors own 68.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SSRM. CIBC cut SSR Mining from a "sector outperform" rating to a "neutral" rating and dropped their target price for the company from $18.50 to $6.00 in a report on Wednesday, February 14th. National Bank Financial restated a "sector perform spec overwgt" rating on shares of SSR Mining in a report on Monday, April 8th. UBS Group cut SSR Mining from a "buy" rating to a "neutral" rating and dropped their target price for the company from $17.00 to $5.00 in a report on Thursday, February 22nd. Royal Bank of Canada restated an "underperform" rating and set a $3.00 target price (down from $6.00) on shares of SSR Mining in a report on Tuesday, February 20th. Finally, TheStreet cut SSR Mining from a "c" rating to a "d" rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, SSR Mining has a consensus rating of "Hold" and a consensus target price of $6.63.

SSR Mining Trading Up 1.6 %

NASDAQ SSRM traded up $0.08 on Thursday, hitting $5.14. The company's stock had a trading volume of 2,910,902 shares, compared to its average volume of 4,792,976. SSR Mining Inc. has a 52-week low of $3.76 and a 52-week high of $17.72. The company has a current ratio of 7.01, a quick ratio of 3.99 and a debt-to-equity ratio of 0.07. The company's 50-day simple moving average is $4.83 and its 200 day simple moving average is $9.15. The firm has a market cap of $1.04 billion, a P/E ratio of -10.08, a PEG ratio of 1.31 and a beta of 0.82.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced its earnings results on Tuesday, February 27th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.23. SSR Mining had a positive return on equity of 6.27% and a negative net margin of 6.87%. The firm had revenue of $425.90 million during the quarter. During the same period in the prior year, the company posted $0.12 EPS. Research analysts predict that SSR Mining Inc. will post 0.22 EPS for the current fiscal 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.