Principal Financial Group Inc. Has $80,000 Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Principal Financial Group Inc. lowered its stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 28.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,152 shares of the basic materials company’s stock after selling 5,747 shares during the period. Principal Financial Group Inc.’s holdings in SSR Mining were worth $80,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SSRM. B. Riley Wealth Advisors Inc. bought a new position in SSR Mining in the 3rd quarter valued at about $114,000. 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 purchasing an additional 127,401 shares in the last quarter. Tidal Investments LLC lifted its stake in SSR Mining by 6.4% during the third quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company’s stock worth $15,713,000 after purchasing an additional 166,130 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of SSR Mining in the 3rd quarter valued at $334,000. Finally, Barclays PLC increased its stake in shares of SSR Mining by 33.8% in the 3rd quarter. Barclays PLC now owns 701,763 shares of the basic materials company’s stock valued at $3,985,000 after purchasing an additional 177,447 shares during the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

SSR Mining Price Performance

SSR Mining stock opened at $7.14 on Wednesday. The company has a market capitalization of $1.44 billion, a PE ratio of -2.99, a P/E/G ratio of 1.23 and a beta of 0.61. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $6.41 and a two-hundred day moving average price of $5.72. SSR Mining Inc. has a 12 month low of $3.76 and a 12 month high of $10.63.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SSRM. UBS Group upped their price objective on SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. StockNews.com cut shares of SSR Mining from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.