Amundi Pioneer Asset Management Inc. cut its stake in SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 477,200 shares of the basic materials company’s stock after selling 1,600 shares during the quarter. Amundi Pioneer Asset Management Inc. owned approximately 0.40% of SSR Mining worth $5,769,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also bought and sold shares of the business. Virtu Financial LLC purchased a new stake in SSR Mining during the 3rd quarter valued at about $135,000. D.A. Davidson & CO. purchased a new stake in SSR Mining in the 4th quarter worth approximately $216,000. LPL Financial LLC purchased a new stake in SSR Mining in the 4th quarter worth approximately $239,000. MML Investors Services LLC purchased a new stake in SSR Mining during the 4th quarter valued at approximately $294,000. Finally, Sigma Planning Corp grew its holdings in SSR Mining by 29.2% during the 4th quarter. Sigma Planning Corp now owns 25,638 shares of the basic materials company’s stock valued at $310,000 after buying an additional 5,787 shares in the last quarter. 54.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SSRM traded up $0.23 during trading hours on Wednesday, hitting $11.80. 773,584 shares of the stock were exchanged, compared to its average volume of 943,561. The company has a debt-to-equity ratio of 0.25, a quick ratio of 6.01 and a current ratio of 8.81. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 51.30 and a beta of -0.55. SSR Mining Inc has a 12-month low of $8.11 and a 12-month high of $15.17.
A number of research analysts recently weighed in on the stock. BidaskClub lowered shares of SSR Mining from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Scotiabank downgraded SSR Mining from an “outperform” rating to a “sector perform” rating and set a $12.00 price objective for the company. in a report on Tuesday, April 2nd. ValuEngine lowered SSR Mining from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. B. Riley assumed coverage on SSR Mining in a research note on Friday, March 1st. They set a “neutral” rating and a $14.70 price target on the stock. Finally, TheStreet downgraded SSR Mining from a “b” rating to a “c” rating in a report on Tuesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.37.
About SSR Mining
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.
Read More: Candlestick
Receive News & Ratings for SSR Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSR Mining and related companies with MarketBeat.com's FREE daily email newsletter.