SG Americas Securities LLC Trims Holdings in SSR Mining Inc. (NASDAQ:SSRM)

SG Americas Securities LLC decreased its position in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,000 shares of the basic materials company’s stock after selling 2,605 shares during the quarter. SG Americas Securities LLC’s holdings in SSR Mining were worth $640,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of SSR Mining by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company’s stock valued at $8,794,000 after buying an additional 220,349 shares during the period. Two Sigma Advisers LP raised its position in SSR Mining by 16.2% during the third quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock valued at $18,860,000 after acquiring an additional 462,000 shares in the last quarter. Franklin Resources Inc. raised its position in SSR Mining by 649.6% during the third quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company’s stock valued at $847,000 after acquiring an additional 127,401 shares in the last quarter. Verition Fund Management LLC lifted its holdings in SSR Mining by 177.5% in the third quarter. Verition Fund Management LLC now owns 105,763 shares of the basic materials company’s stock valued at $601,000 after acquiring an additional 67,657 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in SSR Mining by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,327,251 shares of the basic materials company’s stock worth $7,542,000 after purchasing an additional 75,563 shares in the last quarter. Hedge funds and other institutional investors own 68.30% of the company’s stock.

SSR Mining Trading Up 4.3 %

Shares of NASDAQ:SSRM opened at $8.16 on Friday. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -3.41 and a beta of 0.61. The business’s 50 day moving average price is $7.02 and its 200-day moving average price is $6.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97. SSR Mining Inc. has a 1 year low of $3.76 and a 1 year high of $9.85.

Analysts Set New Price Targets

Several research firms have recently weighed in on SSRM. UBS Group lifted their target price on shares of SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a report on Tuesday, October 15th. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, SSR Mining has a consensus rating of “Hold” and an average target price of $5.18.

SSR Mining 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.