The Vanguard Group, Inc. has recently announced that it has increased stake in SSR Mining Inc (NASDAQ:SSRM) by 0.83%. After grabbing 5.55 million shares, the institutional investor is now in possession of 45869.0 shares of the Basic Materials Company. The new investment brought the stake of investor firm to 2.72% having worth around $59.71 million. Moreover, AustralianSuper Pty Ltd. increased its share by 4.69 million to have a control over 4.69 million shares. And Global X Management Co. LLC raised its holdings to 0.11 million shares by acquiring 3.64 million shares or 1.79% of the stake.
SSR Mining Inc (SSRM) concluded trading on Thursday at a closing price of $9.64, with 3.33 million shares of worth about $32.11 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -34.64% during that period and on Thursday, January 25 the price saw a gain of about 1.15%. Currently the company’s common shares owned by public are about 206.65M shares, out of which, 202.35M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 63 times over the past 12 months. They bought 294,518 shares in 43 of the transactions. In 20 selling transactions, insiders dumped 34,584 shares.
VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and BlackRock Global Funds – World Go are the top 3 mutual funds which are holding stakes in SSR Mining Inc VanEck Gold Miners ETF is currently holding 10.74 million shares of worth totaling $115.6 million. The company recently came selling -0.1 million shares which brought its stake up to 5.27% of the company’s outstanding shares. VanEck Junior Gold Miners ETF sold 6666.0 shares, after which its hold over company’s outstanding shares shrunk to 3.78%, leaving 7.7 million shares with the mutual fund that have a worth of about $82.85 million. BlackRock Global Funds – World Go, after selling 5.41 million shares, have now control over 2.65% of the stake in the company. It holds -2.94 million shares of worth $58.16 million.
However, the stock later moved at a day high price of 9.65, or with a gain of 1.15%. Stock saw a price change of -2.92% in past 5 days and over the past one month there was a price change of -12.68%. Year-to-date (YTD), SSRM shares are showing a performance of -10.41% which decreased to -44.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.51 but also hit the highest price of $17.74 during that period. The average intraday trading volume for SSR Mining Inc shares is 2.33 million. The stock is currently trading -6.69% below its 20-day simple moving average (SMA20), while that difference is down -11.75% for SMA50 and it goes to -29.03% lower than SMA200.
The Vanguard Group, Inc. acquired 5.55 million shares of SSR Mining Inc having value of about $59.71 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 45869.0 shares in the company valued at close to $442177.16, or have control over 0.83% stake in the company. SSR Mining Inc (NASDAQ: SSRM) currently have 206.65M outstanding shares and institutions hold larger chunk of about 67.87% of that. Holding of mutual funds in the company is about 14.53% while other institutional holders and individual stake holders have control over 54.76% and 0.76% of the stake respectively.
The stock has a current market capitalization of $1.97B and its 3Y-monthly beta is at 0.95. PE ratio of stock for trailing 12 months is 9.52, while it has posted earnings per share of $1.01 in the same period. It has Quick Ratio of 3.76 while making debt-to-equity ratio of 0.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SSRM, volatility over the week remained 2.73% while standing at 2.32% over the month.
Analysts are in expectations that SSR Mining Inc (SSRM) stock would likely to be making an EPS of $SRM Entertainment, Inc. in the current quarter, while forecast for next quarter EPS is $1.60 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Streamline Health Solutions, In which is $APPSWARM INC at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Screaming Eagle Acquisition Cor in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 54.72% while it is estimated to decrease by -41.32% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on November 20, 2023 offering an Underperform rating for the stock and assigned a target price range of between $17 and $12.50 to it.
