SSR Mining Inc. (NASDAQ:SSRM) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 71.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,092 shares of the basic materials company’s stock after selling 17,607 shares during the quarter. Amalgamated Bank’s holdings in SSR Mining were worth $32,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC lifted its position in SSR Mining by 178.5% during the 1st quarter. CWM LLC now owns 6,126 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 3,926 shares during the period. Creekmur Asset Management LLC purchased a new position in shares of SSR Mining in the 4th quarter valued at about $40,000. Abich Financial Wealth Management LLC purchased a new position in shares of SSR Mining in the 1st quarter valued at about $41,000. HB Wealth Management LLC purchased a new position in shares of SSR Mining in the 2nd quarter valued at about $56,000. Finally, Bleakley Financial Group LLC purchased a new position in shares of SSR Mining in the 1st quarter valued at about $72,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

SSR Mining Trading Up 2.6 %

Shares of SSR Mining stock opened at $5.83 on Wednesday. The stock has a market cap of $1.18 billion, a P/E ratio of -2.79, a P/E/G ratio of 0.66 and a beta of 0.73. The stock’s 50 day simple moving average is $5.31 and its 200-day simple moving average is $5.10. SSR Mining Inc. has a 1-year low of $3.76 and a 1-year high of $14.52. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.54 and a quick ratio of 1.78.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. SSR Mining had a positive return on equity of 5.01% and a negative net margin of 39.15%. The business had revenue of $184.84 million for the quarter. Analysts predict that SSR Mining Inc. will post 0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SSRM shares. CIBC lifted their price objective on SSR Mining from $5.50 to $5.75 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. UBS Group lowered their price objective on SSR Mining from $6.50 to $6.30 and set a “buy” rating on the stock in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.89.

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.