Dimensional Fund Advisors LP Sells 65,613 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Dimensional Fund Advisors LP cut its stake in shares of SSR Mining Inc. (NASDAQ:SSRMFree Report) (TSE:SSO) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,286,300 shares of the basic materials company’s stock after selling 65,613 shares during the period. Dimensional Fund Advisors LP owned 1.62% of SSR Mining worth $35,361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Van ECK Associates Corp increased its position in shares of SSR Mining by 0.9% during the third quarter. Van ECK Associates Corp now owns 21,178,035 shares of the basic materials company’s stock valued at $281,455,000 after buying an additional 180,685 shares during the period. Vanguard Group Inc. increased its position in shares of SSR Mining by 1.1% during the third quarter. Vanguard Group Inc. now owns 7,686,085 shares of the basic materials company’s stock valued at $102,148,000 after buying an additional 80,649 shares during the period. AustralianSuper Pty Ltd bought a new position in shares of SSR Mining in the fourth quarter worth approximately $50,352,000. Invesco Ltd. increased its position in shares of SSR Mining by 1.2% in the third quarter. Invesco Ltd. now owns 3,052,716 shares of the basic materials company’s stock worth $40,571,000 after purchasing an additional 35,808 shares during the last quarter. Finally, Sprott Inc. increased its position in shares of SSR Mining by 5.3% in the third quarter. Sprott Inc. now owns 1,931,270 shares of the basic materials company’s stock worth $25,667,000 after purchasing an additional 97,937 shares during the last quarter. 68.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on SSRM shares. Royal Bank of Canada restated an “underperform” rating and issued a $3.00 price objective (down from $6.00) on shares of SSR Mining in a research report on Tuesday, February 20th. UBS Group cut shares of SSR Mining from a “buy” rating to a “neutral” rating and reduced their price target for the company from $17.00 to $5.00 in a research report on Thursday, February 22nd. Desjardins cut shares of SSR Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Scotiabank cut shares of SSR Mining from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, February 14th. Finally, TheStreet cut shares of SSR Mining from a “c” rating to a “d” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.63.

Read Our Latest Stock Report on SSRM

SSR Mining Stock Performance

NASDAQ:SSRM opened at $5.34 on Friday. The firm has a market cap of $1.08 billion, a PE ratio of -2.58, a price-to-earnings-growth ratio of 0.54 and a beta of 0.76. SSR Mining Inc. has a fifty-two week low of $3.76 and a fifty-two week high of $15.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.75 and a current ratio of 3.07. The business has a 50 day moving average price of $5.19 and a 200-day moving average price of $7.47.

SSR Mining (NASDAQ:SSRMGet Free Report) (TSE:SSO) last released its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.13. The firm had revenue of $230.23 million during the quarter. SSR Mining had a positive return on equity of 6.37% and a negative net margin of 30.90%. Equities research analysts predict that SSR Mining Inc. will post 0.55 earnings per share for the current year.

SSR Mining Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SSR Mining (NASDAQ:SSRM)

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