Scotia Capital Inc. Sells 131,779 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Scotia Capital Inc. trimmed its stake in shares of SSR Mining Inc. (NASDAQ:SSRMFree Report) (TSE:SSO) by 37.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 219,989 shares of the basic materials company’s stock after selling 131,779 shares during the period. Scotia Capital Inc. owned about 0.11% of SSR Mining worth $2,360,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SSRM. AustralianSuper Pty Ltd bought a new position in SSR Mining during the 4th quarter worth about $50,352,000. Norges Bank bought a new position in shares of SSR Mining during the fourth quarter worth about $24,398,000. American Century Companies Inc. raised its position in SSR Mining by 321.9% in the 3rd quarter. American Century Companies Inc. now owns 647,054 shares of the basic materials company’s stock valued at $8,599,000 after buying an additional 493,695 shares during the last quarter. Jump Financial LLC bought a new stake in SSR Mining in the 4th quarter valued at approximately $4,306,000. Finally, U S Global Investors Inc. acquired a new position in SSR Mining during the 4th quarter worth approximately $3,405,000. 68.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on SSRM. UBS Group lowered shares of SSR Mining from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $17.00 to $5.00 in a research report on Thursday, February 22nd. StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, May 24th. TD Securities lowered SSR Mining from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. TheStreet downgraded SSR Mining from a “c” rating to a “d” rating in a research note on Wednesday, February 28th. Finally, Scotiabank cut SSR Mining from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.63.

Check Out Our Latest Stock Report on SSR Mining

SSR Mining Stock Performance

NASDAQ SSRM traded up $0.07 during trading on Friday, reaching $5.34. 4,451,484 shares of the company’s stock were exchanged, compared to its average volume of 3,028,980. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.07 and a quick ratio of 1.75. The business has a 50 day moving average price of $5.19 and a 200-day moving average price of $7.44. The stock has a market capitalization of $1.08 billion, a P/E ratio of -2.58, a PEG ratio of 0.55 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.

SSR Mining (NASDAQ:SSRMGet Free Report) (TSE:SSO) last posted its earnings results on Wednesday, May 8th. The basic materials company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.13. SSR Mining had a positive return on equity of 6.37% and a negative net margin of 30.90%. The business had revenue of $230.23 million for the quarter. Sell-side analysts forecast that SSR Mining Inc. will post 0.55 earnings per share for the current fiscal 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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