FMR LLC reduced its position in SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,293,700 shares of the basic materials company’s stock after selling 20,000 shares during the period. FMR LLC owned approximately 1.07% of SSR Mining worth $15,636,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in SSR Mining during the 3rd quarter worth approximately $135,000. Advisory Services Network LLC increased its holdings in SSR Mining by 138.6% during the 4th quarter. Advisory Services Network LLC now owns 14,096 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 8,188 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in SSR Mining during the 4th quarter worth approximately $216,000. LPL Financial LLC purchased a new stake in SSR Mining during the 4th quarter worth approximately $239,000. Finally, Bank of America Corp DE increased its holdings in SSR Mining by 76.0% during the 2nd quarter. Bank of America Corp DE now owns 26,823 shares of the basic materials company’s stock worth $265,000 after purchasing an additional 11,580 shares during the last quarter. Institutional investors and hedge funds own 54.57% of the company’s stock.
A number of equities research analysts have recently weighed in on SSRM shares. ValuEngine upgraded SSR Mining from a “buy” rating to a “strong-buy” rating in a report on Friday, January 4th. National Bank Financial boosted their price target on SSR Mining from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, January 14th. BMO Capital Markets restated a “buy” rating and set a $14.00 price objective on shares of SSR Mining in a research report on Monday, December 17th. BidaskClub upgraded SSR Mining from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. Finally, TheStreet lowered SSR Mining from a “b” rating to a “c” rating in a research report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.37.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings data on Thursday, February 21st. The basic materials company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The company had revenue of $103.71 million for the quarter. SSR Mining had a return on equity of 3.31% and a net margin of 1.57%. Equities research analysts predict that SSR Mining Inc will post 0.25 earnings per share for the current fiscal year.
SSR Mining Company Profile
SSR Mining Inc engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.
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