Russell Investments Group Ltd. Has $673,000 Stake in SSR Mining Inc. (NASDAQ:SSRM)

Russell Investments Group Ltd. raised its holdings in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 17.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,462 shares of the basic materials company’s stock after buying an additional 9,481 shares during the period. Russell Investments Group Ltd.’s holdings in SSR Mining were worth $673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in shares of SSR Mining in the fourth quarter valued at about $111,000. Headlands Technologies LLC acquired a new position in shares of SSR Mining during the 4th quarter worth approximately $120,000. Teza Capital Management LLC bought a new stake in shares of SSR Mining during the 3rd quarter worth approximately $201,000. Cerity Partners LLC acquired a new stake in shares of SSR Mining in the 4th quarter valued at approximately $255,000. Finally, Hsbc Holdings PLC bought a new position in shares of SSR Mining in the third quarter valued at $259,000. 68.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on SSRM shares. TheStreet downgraded shares of SSR Mining from a “c” rating to a “d” rating in a research report on Wednesday, February 28th. CIBC lowered SSR Mining from a “sector outperform” rating to a “neutral” rating and dropped their price objective for the company from $18.50 to $6.00 in a research note on Wednesday, February 14th. StockNews.com downgraded SSR Mining from a “hold” rating to a “sell” rating in a research note on Thursday, May 16th. TD Securities downgraded SSR Mining from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, UBS Group downgraded shares of SSR Mining from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $17.00 to $5.00 in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.63.

SSR Mining Trading Up 1.9 %

SSRM stock opened at $5.86 on Tuesday. SSR Mining Inc. has a 52 week low of $3.76 and a 52 week high of $16.07. The company has a market capitalization of $1.18 billion, a PE ratio of -2.83, a price-to-earnings-growth ratio of 0.59 and a beta of 0.76. The company’s 50-day simple moving average is $4.92 and its 200 day simple moving average is $7.87. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.75 and a current ratio of 3.07.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its earnings results on Tuesday, February 27th. The basic materials company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.36 by $0.23. The company had revenue of $425.90 million for the quarter. SSR Mining had a negative net margin of 30.90% and a positive return on equity of 6.37%. During the same period in the prior year, the business posted $0.12 earnings per share. As a group, sell-side analysts anticipate that SSR Mining Inc. will post 0.55 earnings per share for the current year.

About SSR Mining

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.