Investec Asset Management LTD trimmed its position in SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) by 5.1% in the first quarter, Holdings Channel reports. The fund owned 4,830,064 shares of the basic materials company’s stock after selling 262,150 shares during the period. Investec Asset Management LTD’s holdings in SSR Mining were worth $61,149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SSRM. Commerzbank Aktiengesellschaft FI boosted its position in SSR Mining by 101.1% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 232,363 shares of the basic materials company’s stock valued at $2,809,000 after purchasing an additional 116,834 shares during the period. Vanguard Group Inc boosted its position in SSR Mining by 4.0% during the 3rd quarter. Vanguard Group Inc now owns 2,878,489 shares of the basic materials company’s stock worth $25,071,000 after acquiring an additional 109,627 shares during the period. Fiera Capital Corp boosted its position in SSR Mining by 138.9% during the 4th quarter. Fiera Capital Corp now owns 1,448,530 shares of the basic materials company’s stock worth $17,543,000 after acquiring an additional 842,129 shares during the period. Sigma Planning Corp boosted its position in SSR Mining by 29.2% during the 4th quarter. Sigma Planning Corp now owns 25,638 shares of the basic materials company’s stock worth $310,000 after acquiring an additional 5,787 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in SSR Mining during the 3rd quarter worth $462,000. Institutional investors and hedge funds own 54.69% of the company’s stock.

Shares of SSR Mining stock opened at $11.80 on Thursday. The company has a quick ratio of 6.01, a current ratio of 8.81 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $1.40 billion, a PE ratio of 51.30 and a beta of -0.55. SSR Mining Inc has a fifty-two week low of $8.11 and a fifty-two week high of $15.17.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings data on Thursday, February 21st. The basic materials company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The business had revenue of $103.71 million during the quarter. SSR Mining had a return on equity of 3.31% and a net margin of 1.57%. Equities analysts anticipate that SSR Mining Inc will post 0.35 earnings per share for the current fiscal year.

A number of research analysts have issued reports on SSRM shares. BidaskClub lowered SSR Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Zacks Investment Research upgraded SSR Mining from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Tuesday, January 15th. CIBC restated an “average” rating and issued a $16.25 price objective on shares of SSR Mining in a report on Monday, January 21st. National Bank Financial upped their price objective on SSR Mining from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, January 14th. Finally, ValuEngine upgraded SSR Mining from a “buy” rating to a “strong-buy” rating in a report on Friday, January 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.37.

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SSR Mining Company Profile

SSR Mining Inc engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.

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Institutional Ownership by Quarter for SSR Mining (NASDAQ:SSRM)

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