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

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

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. CIBC boosted their target price on SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. National Bank Financial raised SSR Mining to a “hold” rating in a research note on Friday, March 21st. UBS Group upped 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 raised SSR Mining from an “underperform” rating to a “sector perform” rating and lifted their target price for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. Finally, StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $9.93.

SSR Mining Price Performance

Shares of NASDAQ:SSRM opened at $10.88 on Friday. The company has a market capitalization of $2.20 billion, a PE ratio of -8.43, a price-to-earnings-growth ratio of 0.37 and a beta of 0.53. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 4.70. The stock has a fifty day moving average of $9.59 and a 200-day moving average of $7.45. SSR Mining Inc. has a one year low of $4.32 and a one year high of $11.48.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $323.19 million for the quarter, compared to analysts’ expectations of $262.20 million. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. As a group, equities analysts anticipate that SSR Mining Inc. will post 0.73 EPS for the current fiscal 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.