SSR Mining Inc. (NASDAQ:SSRM – Get Rating) (TSE:SSO) has received an average recommendation of "Moderate Buy" from the nine research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $30.36.
Several research firms recently issued reports on SSRM. TheStreet lowered shares of SSR Mining from a "b-" rating to a "c+" rating in a report on Tuesday, August 30th. National Bank Financial reduced their target price on shares of SSR Mining from C$32.50 to C$27.50 in a report on Thursday, July 21st. Finally, BMO Capital Markets reduced their target price on shares of SSR Mining from $26.00 to $25.00 and set an "outperform" rating for the company in a report on Friday, September 23rd.
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Insider Buying and Selling at SSR Mining
In other SSR Mining news, COO Steward John Beckman sold 5,400 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $16.01, for a total transaction of $86,454.00. Following the completion of the sale, the chief operating officer now directly owns 146,255 shares of the company's stock, valued at approximately $2,341,542.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 16,868 shares of company stock valued at $260,318 in the last three months. 0.51% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On SSR Mining
A number of institutional investors have recently added to or reduced their stakes in SSRM. Bank of America Corp DE grew its holdings in shares of SSR Mining by 157.6% in the fourth quarter. Bank of America Corp DE now owns 117,323 shares of the basic materials company's stock valued at $2,077,000 after purchasing an additional 71,771 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of SSR Mining in the fourth quarter valued at $338,000. Invesco Ltd. grew its holdings in shares of SSR Mining by 0.6% in the fourth quarter. Invesco Ltd. now owns 2,190,523 shares of the basic materials company's stock valued at $38,772,000 after purchasing an additional 13,714 shares in the last quarter. Paulson & CO. Inc. grew its holdings in shares of SSR Mining by 138.1% in the fourth quarter. Paulson & CO. Inc. now owns 3,120,242 shares of the basic materials company's stock valued at $55,228,000 after purchasing an additional 1,810,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of SSR Mining by 1,090.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 168,621 shares of the basic materials company's stock valued at $2,985,000 after purchasing an additional 154,451 shares in the last quarter. 57.70% of the stock is owned by hedge funds and other institutional investors.
SSR Mining Price Performance
Shares of NASDAQ:SSRM opened at $14.71 on Monday. The firm's 50 day moving average price is $14.64 and its 200-day moving average price is $18.22. SSR Mining has a twelve month low of $12.86 and a twelve month high of $24.58. The company has a quick ratio of 5.17, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3.07 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 5.02 and a beta of 0.96.
SSR Mining (NASDAQ:SSRM – Get Rating) (TSE:SSO) last issued its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. SSR Mining had a net margin of 22.10% and a return on equity of 7.82%. The firm had revenue of $319.58 million for the quarter. Equities research analysts expect that SSR Mining will post 0.94 EPS for the current year.
SSR Mining Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Friday, August 12th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Thursday, August 11th. SSR Mining's dividend payout ratio (DPR) is currently 19.72%.
SSR Mining Company Profile
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SSR Mining Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, copper, lead, and zinc deposits. Its projects include the Çöpler Gold mine located in Erzincan, Turkey; 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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