GWM Advisors LLC reduced its position in SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) by 32.3% in the first quarter, HoldingsChannel reports. The firm owned 71,400 shares of the basic materials company’s stock after selling 34,000 shares during the quarter. GWM Advisors LLC’s holdings in SSR Mining were worth $904,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of SSR Mining by 101.1% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 232,363 shares of the basic materials company’s stock worth $2,809,000 after purchasing an additional 116,834 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of SSR Mining in the 1st quarter worth about $4,762,000. Fiera Capital Corp boosted its holdings in shares of SSR Mining by 138.9% in the 4th quarter. Fiera Capital Corp now owns 1,448,530 shares of the basic materials company’s stock worth $17,543,000 after purchasing an additional 842,129 shares in the last quarter. Hexavest Inc. boosted its holdings in shares of SSR Mining by 383.1% in the 1st quarter. Hexavest Inc. now owns 189,245 shares of the basic materials company’s stock worth $2,393,000 after purchasing an additional 150,071 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of SSR Mining in the 4th quarter worth about $21,049,000. Hedge funds and other institutional investors own 55.38% of the company’s stock.
NASDAQ SSRM opened at $12.99 on Friday. SSR Mining Inc has a fifty-two week low of $8.11 and a fifty-two week high of $15.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.36 and a quick ratio of 3.04. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 56.48 and a beta of -0.46.
Several brokerages recently weighed in on SSRM. Zacks Investment Research cut SSR Mining from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. BMO Capital Markets set a $18.00 target price on SSR Mining and gave the company a “buy” rating in a report on Friday, February 22nd. Royal Bank of Canada increased their target price on SSR Mining from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, February 27th. TheStreet cut SSR Mining from a “b” rating to a “c” rating in a report on Tuesday, February 26th. Finally, BidaskClub upgraded SSR Mining from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. SSR Mining has an average rating of “Buy” and an average target price of $15.24.
COPYRIGHT VIOLATION NOTICE: This article was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://sportsperspectives.com/2019/06/14/ssr-mining-inc-nasdaqssrm-shares-sold-by-gwm-advisors-llc.html.
SSR Mining 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.
Recommended Story: Why are analyst ratings important in trading stocks?
Want to see what other hedge funds are holding SSRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO).
Receive News & Ratings for SSR Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSR Mining and related companies with MarketBeat.com's FREE daily email newsletter.