Principal Financial Group Inc. Has $90,000 Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Principal Financial Group Inc. increased its position in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 23.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 19,899 shares of the basic materials company’s stock after acquiring an additional 3,760 shares during the quarter. Principal Financial Group Inc.’s holdings in SSR Mining were worth $90,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SSRM. CWM LLC boosted its position in shares of SSR Mining by 178.5% during the 1st quarter. CWM LLC now owns 6,126 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 3,926 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of SSR Mining in the 4th quarter valued at $40,000. Abich Financial Wealth Management LLC bought a new position in shares of SSR Mining in the 1st quarter valued at $41,000. HB Wealth Management LLC acquired a new position in shares of SSR Mining during the 2nd quarter worth $56,000. Finally, Simplicity Wealth LLC bought a new stake in shares of SSR Mining during the 1st quarter worth $72,000. 68.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on SSRM shares. UBS Group decreased their target price on SSR Mining from $6.50 to $6.30 and set a “buy” rating on the stock in a research report on Thursday, August 8th. StockNews.com upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. Finally, CIBC raised their target price on shares of SSR Mining from $5.50 to $5.75 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.89.

SSR Mining Stock Down 0.7 %

Shares of NASDAQ SSRM opened at $5.89 on Tuesday. The company has a 50 day simple moving average of $5.18 and a 200 day simple moving average of $4.98. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.54 and a quick ratio of 1.78. SSR Mining Inc. has a 1 year low of $3.76 and a 1 year high of $15.15. The firm has a market cap of $1.19 billion, a PE ratio of -2.85, a price-to-earnings-growth ratio of 0.57 and a beta of 0.73.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $184.84 million during the quarter. SSR Mining had a negative net margin of 39.15% and a positive return on equity of 5.01%. On average, research analysts forecast that SSR Mining Inc. will post 0.58 EPS for the current year.

SSR Mining Company Profile

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.