SSR Mining Inc. (NASDAQ:SSRM – Get Rating) (TSE:SSO) saw unusually-high trading volume on Friday . Approximately 125,992 shares changed hands during mid-day trading, a decline of 92% from the previous session's volume of 1,616,306 shares.The stock last traded at $14.84 and had previously closed at $14.48.
Wall Street Analyst Weigh In
SSRM has been the subject of several research analyst reports. TheStreet downgraded shares of SSR Mining from a "b-" rating to a "c+" rating in a research report on Tuesday, August 30th. BMO Capital Markets reduced their price target on shares of SSR Mining from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Friday, September 23rd. Finally, National Bank Financial dropped their price objective on shares of SSR Mining from C$32.50 to C$27.50 in a research note on Thursday, July 21st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.36.Get SSR Mining alerts:
SSR Mining Trading Up 2.3 %
The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 5.02 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.17 and a current ratio of 7.10. The company's 50 day simple moving average is $14.64 and its two-hundred day simple moving average is $18.22.
SSR Mining Dividend AnnouncementThe firm also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Friday, August 12th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.89%. SSR Mining's dividend payout ratio (DPR) is 19.72%.
Insider Transactions at SSR Mining
In other news, COO Steward John Beckman sold 5,400 shares of the stock in a transaction on Monday, July 11th. The shares were sold at an average price of $16.28, for a total transaction of $87,912.00. Following the transaction, the chief operating officer now owns 151,655 shares in the company, valued at approximately $2,468,943.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 16,868 shares of company stock worth $260,318 in the last 90 days. 0.51% of the stock is owned by insiders.
Institutional Trading of SSR Mining
Several large investors have recently modified their holdings of the company. Van ECK Associates Corp boosted its holdings in shares of SSR Mining by 7.5% during the 1st quarter. Van ECK Associates Corp now owns 22,323,546 shares of the basic materials company's stock worth $485,536,000 after buying an additional 1,550,609 shares during the period. Vanguard Group Inc. boosted its holdings in shares of SSR Mining by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 6,902,608 shares of the basic materials company's stock worth $150,132,000 after buying an additional 77,029 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of SSR Mining by 16.1% during the 1st quarter. Mackenzie Financial Corp now owns 6,096,763 shares of the basic materials company's stock worth $132,759,000 after buying an additional 846,950 shares during the period. Franklin Resources Inc. boosted its holdings in shares of SSR Mining by 7.2% during the 2nd quarter. Franklin Resources Inc. now owns 4,025,756 shares of the basic materials company's stock worth $67,236,000 after buying an additional 269,095 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of SSR Mining by 4.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,616,492 shares of the basic materials company's stock worth $78,661,000 after buying an additional 169,767 shares during the period. 57.70% of the stock is owned by institutional investors.
SSR Mining Company Profile
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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