SSR Mining Inc (NASDAQ:SSRM) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. reduced its holdings in SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) by 23.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 428,000 shares of the basic materials company’s stock after selling 130,400 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.35% of SSR Mining worth $5,851,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Investec Asset Management LTD raised its holdings in SSR Mining by 6.0% during the second quarter. Investec Asset Management LTD now owns 5,119,599 shares of the basic materials company’s stock worth $69,985,000 after purchasing an additional 289,535 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in SSR Mining by 14.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,755,116 shares of the basic materials company’s stock worth $47,475,000 after purchasing an additional 487,821 shares during the last quarter. Norges Bank acquired a new position in SSR Mining during the fourth quarter worth $21,049,000. TD Asset Management Inc. raised its holdings in SSR Mining by 6.8% during the second quarter. TD Asset Management Inc. now owns 1,199,632 shares of the basic materials company’s stock worth $16,451,000 after purchasing an additional 76,900 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in SSR Mining by 36.0% during the first quarter. CIBC Asset Management Inc now owns 744,917 shares of the basic materials company’s stock worth $9,415,000 after purchasing an additional 197,218 shares during the last quarter. 54.39% of the stock is owned by hedge funds and other institutional investors.

SSR Mining stock traded down $0.64 during mid-day trading on Friday, hitting $15.59. 1,454,600 shares of the company were exchanged, compared to its average volume of 1,586,439. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.02 and a quick ratio of 3.04. The business’s 50 day simple moving average is $15.14 and its two-hundred day simple moving average is $13.24. The company has a market capitalization of $1.91 billion, a P/E ratio of 67.78 and a beta of -0.34. SSR Mining Inc has a 12-month low of $8.11 and a 12-month high of $17.56.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.09. The company had revenue of $155.15 million during the quarter, compared to the consensus estimate of $143.00 million. SSR Mining had a return on equity of 4.84% and a net margin of 4.18%. SSR Mining’s revenue was up 49.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share. Equities research analysts predict that SSR Mining Inc will post 0.61 earnings per share for the current year.

Several brokerages recently issued reports on SSRM. ValuEngine cut SSR Mining from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. BidaskClub raised SSR Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 27th. BMO Capital Markets lifted their price objective on SSR Mining to $19.50 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. B. Riley set a $17.00 price objective on SSR Mining and gave the stock a “hold” rating in a report on Monday, August 12th. Finally, TheStreet raised SSR Mining from a “c” rating to a “b-” rating in a report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $16.22.

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.

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

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