Vontobel Holding Ltd. bought a new position in SSR Mining Inc. during the first quarter. ). The company purchased 10,356 shares of the company’s basic materials stock, valued at approximately $157,000.
A number of other major investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its holdings in SSR Mining by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 106,394 shares of the $1,565,000 basic materials company stock after acquiring an additional 838 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of SSR Mining by 4.2% in the fourth quarter. Voya Investment Management LLC now owns 28,427 shares of the company’s $445,000 basic materials stock after purchasing an additional 1,134 shares during the last quarter. Great West Life Assurance Co. Can increased his stake 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 stock worth $297,000 after purchasing an additional 1,143 shares during the last quarter. Creative Planning increased its stake in SSR Mining shares in the fourth quarter by 10.0%. Creative Planning now owns 14,319 shares of the $224,000 basic materials company stock after purchasing an additional 1,299 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD in the fourth quarter increased its stake in shares of SSR Mining by 6.3%. Price T Rowe Associates Inc. MD now owns 29,716 shares of the company’s $466,000 basic materials stock after purchasing an additional 1,762 shares during the last quarter. Institutional investors own 61.19% of the company’s shares.
Analysts set new price targets
SSRM has been the subject of a number of recent analyst reports. TheStreet downgraded SSR Mining from a “b-” rating to a “c+” rating in a report on Monday, May 15. StockNews.com began coverage of SSR Mining in a report on Thursday, May 18. They have set a “hold” rating on the stock.
Buying and Selling Insider at SSR Mining
In related news, CEO Arthur Michael Anglin bought 8,000 shares of the company in a transaction on Friday, May 12. The stock was purchased at an average price of $16.23 per share for a total value of $129,840.00. Following the purchase, the director now directly owns 52,306 shares of the company’s stock, valued at approximately $848,926.38. The transaction is disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.55% of the company’s stock.
SSR Mining Trade Up 3.0%
NASDAQ SSRM opened Monday at $14.18. SSR Mining Inc. has a 12-month low of $12.78 and a 12-month high of $17.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.28 and a current ratio of 5.35. The stock has a market cap of $2.89 billion, a P/E ratio of 19.69, a PEG ratio of 4.00 and a beta of 0.91. The company’s 50-day moving average price is $15.00 and its 200-day moving average price is $15.23.
SSR Mining (NASDAQ:SSRM – Free Report) (TSE:SSO) last reported its quarterly earnings on Thursday, May 4. The basic materials company reported $0.10 earnings per share for the quarter. SSR Mining had a net margin of 14.13% and a return on equity of 2.44%. The company had revenue of $314.61 million for the quarter. Equity analysts expect SSR Mining Inc. will record 1.15 earnings per share for the current year.
SSR Mining Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 12. Shareholders of record on Monday, May 15, received a dividend of $0.07 per share. This represents an annualized dividend of $0.28 and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, May 12. SSR Mining’s dividend payout ratio (DPR) is currently 38.89%.
About SSR mining
SSR Mining Inc, along with its subsidiaries, is engaged in the acquisition, exploration, development and exploitation of precious metals properties in Turkey and the Americas. The company searches for gold, silver, copper, lead and zinc deposits. Projects include the Çöpler Gold Mine in Turkey’s Erzincan Province; the marigold mine in Nevada, United States; the Seabee Gold Operation in Saskatchewan, Canada; and the Puna operations in Jujuy Province, Argentina.
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