SSR Mining Inc. (NASDAQ:SSRM) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its holdings in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 55.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 296,034 shares of the basic materials company's stock after selling 365,756 shares during the period. Dimensional Fund Advisors LP owned about 0.15% of SSR Mining worth $2,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. US Bancorp DE raised its stake in SSR Mining by 62.4% during the fourth quarter. US Bancorp DE now owns 3,540 shares of the basic materials company's stock valued at $25,000 after buying an additional 1,360 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in SSR Mining during the fourth quarter valued at approximately $29,000. Allianz SE acquired a new stake in SSR Mining during the fourth quarter valued at approximately $30,000. Lincoln Capital LLC acquired a new stake in SSR Mining during the fourth quarter valued at approximately $70,000. Finally, Olympiad Research LP acquired a new stake in SSR Mining during the fourth quarter valued at approximately $94,000. Hedge funds and other institutional investors own 68.30% of the company's stock.

SSR Mining Stock Performance

SSRM traded down $0.20 during trading hours on Friday, hitting $10.74. The company's stock had a trading volume of 2,047,237 shares, compared to its average volume of 2,627,777. SSR Mining Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $11.61. The company has a current ratio of 4.70, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2.18 billion, a PE ratio of -8.33, a PEG ratio of 0.37 and a beta of -0.15. The company has a 50-day simple moving average of $10.50 and a 200 day simple moving average of $8.60.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its earnings results on Tuesday, May 6th. The basic materials company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.08 by $0.21. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. The firm had revenue of $303.43 million for the quarter, compared to analysts' expectations of $332.64 million. As a group, sell-side analysts expect that SSR Mining Inc. will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. National Bankshares restated a "sector perform" rating on shares of SSR Mining in a research note on Wednesday, April 23rd. CIBC upped their price objective on SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and increased their price target for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. UBS Group increased their price target on SSR Mining from $12.10 to $12.35 and gave the stock a "buy" rating in a research report on Friday, April 11th. Finally, StockNews.com upgraded SSR Mining from a "hold" rating to a "buy" rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and two have 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 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.