SSR Mining Inc. (NASDAQ:SSRM) Shares Sold by Virtu Financial LLC

Virtu Financial LLC lowered its position in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 48.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,601 shares of the basic materials company’s stock after selling 28,234 shares during the period. Virtu Financial LLC’s holdings in SSR Mining were worth $213,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cibc World Market Inc. grew its holdings in shares of SSR Mining by 22.1% during the fourth quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company’s stock worth $25,967,000 after buying an additional 674,793 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of SSR Mining by 16.2% in the 3rd quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock valued at $18,860,000 after purchasing an additional 462,000 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of SSR Mining by 399.1% in the third quarter. Public Employees Retirement System of Ohio now owns 432,162 shares of the basic materials company’s stock valued at $2,455,000 after purchasing an additional 345,568 shares during the period. JPMorgan Chase & Co. raised its stake in shares of SSR Mining by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company’s stock worth $8,794,000 after purchasing an additional 220,349 shares during the last quarter. Finally, Martingale Asset Management L P lifted its holdings in shares of SSR Mining by 115.9% during the third quarter. Martingale Asset Management L P now owns 407,996 shares of the basic materials company’s stock worth $2,317,000 after purchasing an additional 219,013 shares during the period. 68.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SSRM has been the topic of a number of analyst reports. UBS Group lifted their price objective on SSR Mining from $7.15 to $12.05 and gave the company a “buy” rating in a report on Tuesday, February 18th. Royal Bank of Canada upgraded SSR Mining from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from $5.50 to $8.00 in a research note on Wednesday, February 5th. National Bank Financial upgraded SSR Mining to a “hold” rating in a research report on Friday, March 21st. StockNews.com upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Finally, CIBC upped their price target on shares of SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.93.

SSR Mining Trading Down 2.9 %

Shares of SSRM stock opened at $10.88 on Friday. The company has a quick ratio of 1.97, a current ratio of 4.70 and a debt-to-equity ratio of 0.08. SSR Mining Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $11.48. The firm’s 50 day moving average price is $9.59 and its two-hundred day moving average price is $7.45. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of -8.43, a price-to-earnings-growth ratio of 0.37 and a beta of 0.53.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its earnings results on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The company 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, analysts anticipate that SSR Mining Inc. will post 0.73 EPS for the current year.

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.