SSR Mining (NASDAQ:SSRM – Get Rating) (TSE:SSO) had its price target decreased by BMO Capital Markets from $26.00 to $25.00 in a research report report published on Friday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the basic materials company's stock.
Several other research analysts have also recently commented on the stock. UBS Group assumed coverage on shares of SSR Mining in a report on Tuesday, May 31st. They issued a buy rating and a $30.50 target price for the company. TheStreet cut shares of SSR Mining from a b- rating to a c+ rating in a report on Tuesday, August 30th. Finally, National Bank Financial decreased their price target on shares of SSR Mining from C$32.50 to C$27.50 in a report on Thursday, July 21st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $30.36.
Get SSR Mining alerts:SSR Mining Stock Performance
Shares of SSRM opened at $13.11 on Friday. SSR Mining has a one year low of $12.86 and a one year high of $24.58. The company has a 50-day moving average of $14.79 and a two-hundred day moving average of $18.33. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 4.56 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 7.10 and a quick ratio of 5.17.
SSR Mining Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Friday, August 12th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.14%. The ex-dividend date was Thursday, August 11th. SSR Mining's payout ratio is presently 19.72%.Insider Activity at SSR Mining
In related news, COO Steward John Beckman sold 5,400 shares of the firm's 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 transaction, the chief operating officer now owns 146,255 shares of the company's stock, valued at $2,341,542.55. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 16,868 shares of company stock valued at $260,318. 0.51% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On SSR Mining
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSRM. Rathbones Group PLC raised its position in shares of SSR Mining by 7.0% in the first quarter. Rathbones Group PLC now owns 10,750 shares of the basic materials company's stock valued at $234,000 after purchasing an additional 700 shares during the period. Rational Advisors LLC raised its position in shares of SSR Mining by 54.9% in the first quarter. Rational Advisors LLC now owns 2,232 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 791 shares during the period. Great West Life Assurance Co. Can raised its position in shares of SSR Mining by 9.8% in the first quarter. Great West Life Assurance Co. Can now owns 12,841 shares of the basic materials company's stock valued at $297,000 after purchasing an additional 1,143 shares during the period. Private Advisor Group LLC raised its position in shares of SSR Mining by 8.8% in the second quarter. Private Advisor Group LLC now owns 16,707 shares of the basic materials company's stock valued at $279,000 after purchasing an additional 1,353 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in shares of SSR Mining in the first quarter valued at approximately $33,000. Institutional investors own 57.70% of the company's stock.
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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