XTX Topco Ltd Decreases Stake in SSR Mining Inc. (NASDAQ:SSRM)

XTX Topco Ltd lessened its stake in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 9.5% during the 2nd quarter, Holdings Channel reports. The firm owned 101,975 shares of the basic materials company’s stock after selling 10,651 shares during the quarter. XTX Topco Ltd’s holdings in SSR Mining were worth $460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Alaska Permanent Fund Corp lifted its stake in shares of SSR Mining by 17.6% during the first quarter. Alaska Permanent Fund Corp now owns 1,169,423 shares of the basic materials company’s stock worth $5,216,000 after buying an additional 175,212 shares during the period. Quadrature Capital Ltd increased its position in shares of SSR Mining by 1,318.9% in the 1st quarter. Quadrature Capital Ltd now owns 668,300 shares of the basic materials company’s stock valued at $2,976,000 after acquiring an additional 621,200 shares during the period. National Bank of Canada FI raised its stake in SSR Mining by 73.7% in the 2nd quarter. National Bank of Canada FI now owns 2,636,902 shares of the basic materials company’s stock worth $11,815,000 after acquiring an additional 1,118,417 shares during the last quarter. Duality Advisers LP lifted its position in SSR Mining by 239.1% during the 1st quarter. Duality Advisers LP now owns 264,975 shares of the basic materials company’s stock worth $1,182,000 after acquiring an additional 186,829 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in SSR Mining by 5.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,588,215 shares of the basic materials company’s stock valued at $16,003,000 after purchasing an additional 191,409 shares during the last quarter. Hedge funds and other institutional investors own 68.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SSRM. CIBC raised their price objective on SSR Mining from $5.50 to $5.75 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. UBS Group decreased their price objective on shares of SSR Mining from $6.50 to $6.30 and set a “buy” rating for the company in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, SSR Mining presently has a consensus rating of “Hold” and a consensus price target of $6.89.

SSR Mining Stock Up 5.5 %

SSR Mining stock opened at $5.99 on Wednesday. SSR Mining Inc. has a 52 week low of $3.76 and a 52 week high of $14.52. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -2.89, a price-to-earnings-growth ratio of 0.58 and a beta of 0.73. The business’s 50-day moving average price is $5.27 and its 200 day moving average price is $5.05. The company has a quick ratio of 1.78, a current ratio of 3.54 and a debt-to-equity ratio of 0.08.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. SSR Mining had a positive return on equity of 5.01% and a negative net margin of 39.15%. The company had revenue of $184.84 million for the quarter. As a group, sell-side analysts anticipate that SSR Mining Inc. will post 0.58 earnings per share 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.