SSR Mining Inc (SSRM) Shares Sold by Hexavest Inc.

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Hexavest Inc. reduced its holdings in shares of SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) by 28.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,943 shares of the basic materials company’s stock after selling 39,968 shares during the quarter. Hexavest Inc. owned 0.08% of SSR Mining worth $888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Wells Fargo & Company MN increased its position in SSR Mining by 18.5% during the second quarter. Wells Fargo & Company MN now owns 851,576 shares of the basic materials company’s stock valued at $8,405,000 after acquiring an additional 132,690 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in SSR Mining by 281.6% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 66,699 shares of the basic materials company’s stock valued at $658,000 after acquiring an additional 49,220 shares during the last quarter. OppenheimerFunds Inc. increased its position in SSR Mining by 53.3% during the second quarter. OppenheimerFunds Inc. now owns 690,000 shares of the basic materials company’s stock valued at $6,810,000 after acquiring an additional 240,000 shares during the last quarter. Tower Research Capital LLC TRC increased its position in SSR Mining by 2,013.8% during the second quarter. Tower Research Capital LLC TRC now owns 23,717 shares of the basic materials company’s stock valued at $234,000 after acquiring an additional 22,595 shares during the last quarter. Finally, Oxbow Advisors LLC purchased a new stake in SSR Mining during the second quarter valued at $348,000. 47.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SSRM opened at $10.58 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.67 and a quick ratio of 6.20. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 31.12 and a beta of -0.36. SSR Mining Inc has a 52 week low of $7.64 and a 52 week high of $11.44.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings results on Thursday, August 9th. The basic materials company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. The business had revenue of $104.00 million during the quarter, compared to analysts’ expectations of $107.90 million. SSR Mining had a return on equity of 2.51% and a net margin of 4.98%. The business’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share. As a group, research analysts anticipate that SSR Mining Inc will post 0.3 earnings per share for the current fiscal year.

A number of analysts recently commented on SSRM shares. ValuEngine upgraded SSR Mining from a “hold” rating to a “buy” rating in a research report on Friday, June 15th. Zacks Investment Research cut SSR Mining from a “buy” rating to a “hold” rating in a research report on Saturday, June 23rd. TheStreet cut SSR Mining from a “b-” rating to a “c” rating in a research report on Monday, June 25th. BidaskClub cut SSR Mining from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. Finally, Citigroup reduced their price objective on SSR Mining from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, August 29th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. SSR Mining presently has an average rating of “Buy” and an average target price of $11.88.

About SSR Mining

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; and the Seabee Gold Operation located in Saskatchewan, Canada.

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

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