Dimensional Fund Advisors LP Sells 925,192 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Dimensional Fund Advisors LP cut its stake in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 39.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,400,004 shares of the basic materials company’s stock after selling 925,192 shares during the period. Dimensional Fund Advisors LP owned about 0.69% of SSR Mining worth $6,314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Creekmur Asset Management LLC bought a new stake in shares of SSR Mining during the fourth quarter worth $40,000. CWM LLC raised its holdings in shares of SSR Mining by 178.5% in the 1st quarter. CWM LLC now owns 6,126 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 3,926 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in SSR Mining during the first quarter valued at approximately $41,000. HB Wealth Management LLC purchased a new stake in SSR Mining during the second quarter worth $56,000. Finally, Bleakley Financial Group LLC purchased a new position in shares of SSR Mining in the 1st quarter valued at $72,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SSRM shares. CIBC raised their price target on shares of SSR Mining from $5.50 to $5.75 and gave the company a “neutral” rating in a report on Wednesday, July 10th. UBS Group lowered their target price 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 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 company’s stock. Based on data from MarketBeat.com, SSR Mining has a consensus rating of “Hold” and an average target price of $6.89.

SSR Mining Trading Down 0.2 %

Shares of NASDAQ:SSRM opened at $5.51 on Wednesday. The company has a market cap of $1.11 billion, a PE ratio of -2.66, a P/E/G ratio of 0.62 and a beta of 0.73. The company’s 50 day moving average is $5.34 and its two-hundred day moving average is $5.17. SSR Mining Inc. has a 52 week low of $3.76 and a 52 week high of $14.52. The company has a current ratio of 3.54, a quick ratio of 1.78 and a debt-to-equity ratio of 0.08.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $184.84 million for the quarter. SSR Mining had a positive return on equity of 5.01% and a negative net margin of 39.15%. Equities analysts predict that SSR Mining Inc. will post 0.54 earnings per share for the current fiscal 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.