Principal Financial Group Inc. Sells 792,604 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Principal Financial Group Inc. lowered its stake in shares of SSR Mining Inc. (NASDAQ:SSRMFree Report) (TSE:SSO) by 98.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 16,139 shares of the basic materials company’s stock after selling 792,604 shares during the quarter. Principal Financial Group Inc.’s holdings in SSR Mining were worth $72,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Creekmur Asset Management LLC purchased a new stake in shares of SSR Mining in the fourth quarter valued at $40,000. CWM LLC grew its stake in shares of SSR Mining by 178.5% during the first quarter. CWM LLC now owns 6,126 shares of the basic materials company’s stock valued at $27,000 after buying an additional 3,926 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of SSR Mining by 10.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,750 shares of the basic materials company’s stock worth $504,000 after buying an additional 4,502 shares during the period. Penn Capital Management Company LLC lifted its stake in shares of SSR Mining by 12.3% during the 4th quarter. Penn Capital Management Company LLC now owns 51,602 shares of the basic materials company’s stock worth $555,000 after acquiring an additional 5,639 shares during the last quarter. Finally, Oak Thistle LLC boosted its holdings in SSR Mining by 20.0% during the 1st quarter. Oak Thistle LLC now owns 40,083 shares of the basic materials company’s stock valued at $179,000 after acquiring an additional 6,680 shares during the period. Hedge funds and other institutional investors own 68.30% of the company’s stock.

SSR Mining Trading Down 0.4 %

NASDAQ SSRM opened at $4.69 on Tuesday. The company’s 50-day simple moving average is $5.05 and its two-hundred day simple moving average is $6.21. SSR Mining Inc. has a one year low of $3.76 and a one year high of $15.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.07 and a quick ratio of 1.75.

SSR Mining (NASDAQ:SSRMGet Free Report) (TSE:SSO) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.13. The company had revenue of $230.23 million during the quarter. SSR Mining had a negative net margin of 30.90% and a positive return on equity of 6.37%. Analysts forecast that SSR Mining Inc. will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SSRM shares. StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of SSR Mining in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.63.

Get Our Latest Stock Report on SSR Mining

SSR Mining 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.

See Also

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

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