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

Mackenzie Financial Corp lessened its stake in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 19.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,541,799 shares of the basic materials company’s stock after selling 616,472 shares during the quarter. Mackenzie Financial Corp’s holdings in SSR Mining were worth $27,291,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SSRM. Great West Life Assurance Co. Can grew its holdings in SSR Mining by 9.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 12,841 shares of the basic materials company’s stock valued at $297,000 after buying an additional 1,143 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 worth $31,644,000 after purchasing an additional 349,449 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of SSR Mining during the first quarter worth $413,000. Cetera Investment Advisers acquired a new stake in shares of SSR Mining during the first quarter worth $202,000. Finally, Moors & Cabot Inc. acquired a new stake in shares of SSR Mining during the first quarter worth $212,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SSRM. UBS Group cut SSR Mining from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $17.00 to $5.00 in a report on Thursday, February 22nd. Scotiabank cut SSR Mining from a “sector outperform” rating to a “sector perform” rating 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. TheStreet cut SSR Mining from a “c” rating to a “d” rating in a report on Wednesday, February 28th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $3.00 price objective (down previously from $6.00) on shares of SSR Mining in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, SSR Mining has a consensus rating of “Hold” and an average target price of $6.63.

SSR Mining Trading Up 0.4 %

Shares of SSRM opened at $5.06 on Thursday. The stock’s 50-day moving average is $4.92 and its two-hundred day moving average is $9.18. SSR Mining Inc. has a 12 month low of $3.76 and a 12 month high of $17.72. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.99 and a current ratio of 7.01.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings data on Tuesday, February 27th. The basic materials company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $425.90 million for the quarter. During the same quarter in the prior year, the firm earned $0.12 EPS. On average, research analysts anticipate that SSR Mining Inc. will post 0.22 earnings per share 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.