SSR Mining Inc. (NASDAQ:SSRM) Holdings Reduced by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,640,347 shares of the basic materials company’s stock after selling 93,410 shares during the quarter. Geode Capital Management LLC owned about 1.30% of SSR Mining worth $15,000,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SSRM. Barclays PLC lifted its stake in SSR Mining by 33.8% during the third quarter. Barclays PLC now owns 701,763 shares of the basic materials company’s stock valued at $3,985,000 after buying an additional 177,447 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of SSR Mining by 399.1% in the third quarter. Public Employees Retirement System of Ohio now owns 432,162 shares of the basic materials company’s stock worth $2,455,000 after acquiring an additional 345,568 shares during the last quarter. Zacks Investment Management bought a new position in SSR Mining during the third quarter valued at approximately $881,000. National Bank of Canada FI boosted its holdings in SSR Mining by 3.8% in the third quarter. National Bank of Canada FI now owns 2,737,848 shares of the basic materials company’s stock worth $15,551,000 after purchasing an additional 100,946 shares in the last quarter. Finally, Virtus Investment Advisers Inc. bought a new position in SSR Mining during the third quarter valued at about $520,000. 68.30% of the stock is currently owned by institutional investors.

SSR Mining Price Performance

SSRM opened at $7.06 on Monday. The stock has a market capitalization of $1.43 billion, a P/E ratio of -2.95, a price-to-earnings-growth ratio of 1.23 and a beta of 0.69. SSR Mining Inc. has a one year low of $3.76 and a one year high of $11.02. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97. The company’s 50 day simple moving average is $6.33 and its 200-day simple moving average is $5.62.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SSRM shares. StockNews.com raised SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, December 13th. UBS Group upped their price target on SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a report on Tuesday, October 15th. One investment 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.18.

About SSR Mining

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.