Mariner LLC Lowers Stock Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Mariner LLC lessened its stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 112,214 shares of the basic materials company’s stock after selling 4,475 shares during the quarter. Mariner LLC’s holdings in SSR Mining were worth $783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SSRM. Barclays PLC boosted its stake in shares of SSR Mining by 33.8% in the 3rd quarter. Barclays PLC now owns 701,763 shares of the basic materials company’s stock valued at $3,985,000 after buying an additional 177,447 shares during the period. Virtu Financial LLC purchased a new position in shares of SSR Mining in the 3rd quarter valued at about $334,000. Tidal Investments LLC boosted its stake in shares of SSR Mining by 6.4% in the 3rd quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company’s stock valued at $15,713,000 after buying an additional 166,130 shares during the period. Franklin Resources Inc. boosted its stake in shares of SSR Mining by 649.6% in the 3rd quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company’s stock valued at $847,000 after buying an additional 127,401 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of SSR Mining in the 3rd quarter valued at about $114,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

SSR Mining Trading Up 3.7 %

NASDAQ SSRM opened at $10.63 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. The firm’s fifty day moving average price is $10.34 and its 200 day moving average price is $8.17. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of -8.24, a price-to-earnings-growth ratio of 0.37 and a beta of 0.30. SSR Mining Inc. has a 12 month low of $4.32 and a 12 month high of $11.48.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its earnings results on Tuesday, February 18th. The basic materials company reported $0.10 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 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%. On average, sell-side analysts expect that SSR Mining Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SSRM has been the subject of several recent research reports. National Bankshares reiterated a “sector perform” rating on shares of SSR Mining in a research note on Wednesday, April 23rd. Cormark upgraded SSR Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 22nd. CIBC upped their price target on SSR Mining from $8.25 to $9.75 and gave the company a “neutral” rating in a report on Wednesday, February 19th. UBS Group increased their price target on shares of SSR Mining from $12.10 to $12.35 and gave the company a “buy” rating in a research note on Friday, April 11th. Finally, StockNews.com upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SSR Mining has an average rating of “Hold” and an average target price of $10.03.

SSR Mining Company 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.