Great West Life Assurance Co. Can Raises Stock Position in SSR Mining Inc. (NASDAQ:SSRM)


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Great West Life Assurance Co. Can boosted its position in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 3.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,083 shares of the basic materials company’s stock after purchasing an additional 1,354 shares during the period. Great West Life Assurance Co. Can’s holdings in SSR Mining were worth $674,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Macroview Investment Management LLC purchased a new position in SSR Mining during the third quarter worth about $32,000. Private Advisor Group LLC acquired a new stake in shares of SSR Mining during the second quarter valued at about $45,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of SSR Mining during the third quarter valued at about $40,000. NN Investment Partners Holdings N.V. acquired a new stake in shares of SSR Mining during the third quarter valued at about $80,000. Finally, AlphaCrest Capital Management LLC acquired a new stake in shares of SSR Mining during the third quarter valued at about $201,000. 66.07% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on the stock. Pi Financial reiterated a “buy” rating on shares of SSR Mining in a research report on Thursday, September 17th. National Bank Financial dropped their price objective on shares of SSR Mining and set an “outperform” rating for the company in a report on Monday. ValuEngine upgraded shares of SSR Mining from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 1st. Zacks Investment Research cut shares of SSR Mining from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 22nd. Finally, Royal Bank of Canada dropped their price objective on shares of SSR Mining from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Monday, December 7th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $30.87.

NASDAQ SSRM opened at $17.99 on Thursday. The company has a quick ratio of 6.16, a current ratio of 8.96 and a debt-to-equity ratio of 0.15. SSR Mining Inc. has a 52 week low of $9.00 and a 52 week high of $25.32. The stock has a market capitalization of $3.95 billion, a PE ratio of 38.28 and a beta of 1.05. The firm has a 50 day moving average of $19.31 and a two-hundred day moving average of $20.09.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings results on Thursday, November 12th. The basic materials company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.28 by $0.21. SSR Mining had a net margin of 9.50% and a return on equity of 8.99%. The company had revenue of $225.40 million during the quarter, compared to analysts’ expectations of $255.78 million. During the same quarter in the previous year, the business posted $0.23 EPS. The firm’s revenue was up 52.5% on a year-over-year basis. On average, equities research analysts expect that SSR Mining Inc. will post 1.22 earnings per share for the current fiscal year.

SSR Mining Profile

SSR Mining Inc, a resource company, engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include the Marigold mine located in southeastern 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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Institutional Ownership by Quarter for SSR Mining (NASDAQ:SSRM)

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