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

Principal Financial Group Inc. boosted its position in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 23.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.

Other large investors have also recently added to or reduced their stakes in the company. Alaska Permanent Fund Corp raised its holdings in shares of SSR Mining by 17.6% in the 1st quarter. Alaska Permanent Fund Corp now owns 1,169,423 shares of the basic materials company’s stock valued at $5,216,000 after purchasing an additional 175,212 shares during the period. Quadrature Capital Ltd raised its stake in SSR Mining by 1,318.9% in the first quarter. Quadrature Capital Ltd now owns 668,300 shares of the basic materials company’s stock valued at $2,976,000 after buying an additional 621,200 shares during the period. Duality Advisers LP lifted its position in shares of SSR Mining by 239.1% in the first quarter. Duality Advisers LP now owns 264,975 shares of the basic materials company’s stock valued at $1,182,000 after buying an additional 186,829 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of 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 worth $16,003,000 after acquiring an additional 191,409 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in shares of SSR Mining by 185.6% during the 1st quarter. GSA Capital Partners LLP now owns 351,496 shares of the basic materials company’s stock worth $1,568,000 after acquiring an additional 228,413 shares during the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

SSR Mining Trading Down 0.7 %

Shares of SSR Mining stock opened at $5.89 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.78 and a current ratio of 3.54. The firm has a 50-day moving average of $5.18 and a 200-day moving average of $4.98. SSR Mining Inc. has a 52-week low of $3.76 and a 52-week high of $15.15. The stock has a market cap of $1.19 billion, a PE ratio of -2.85, a PEG ratio of 0.57 and a beta of 0.73.

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

Analyst Ratings Changes

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

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.