SG Americas Securities LLC grew its position in SSR Mining Inc. (NASDAQ:SSRM – Get Rating) (TSE:SSO) by 216.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,214 shares of the basic materials company’s stock after buying an additional 15,202 shares during the quarter. SG Americas Securities LLC’s holdings in SSR Mining were worth $483,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in SSRM. Sigma Planning Corp boosted its stake in SSR Mining by 1.7% in the fourth quarter. Sigma Planning Corp now owns 39,809 shares of the basic materials company’s stock valued at $705,000 after buying an additional 663 shares in the last quarter. Rational Advisors LLC boosted its stake in shares of SSR Mining by 127.6% in the 4th quarter. Rational Advisors LLC now owns 1,441 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 808 shares in the last quarter. PYA Waltman Capital LLC acquired a new stake in shares of SSR Mining in the 4th quarter valued at approximately $29,000. Advisor Group Holdings Inc. grew its holdings in shares of SSR Mining by 4.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 52,445 shares of the basic materials company’s stock valued at $928,000 after purchasing an additional 2,189 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in SSR Mining by 3.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 90,205 shares of the basic materials company’s stock worth $1,597,000 after purchasing an additional 2,600 shares in the last quarter. 65.13% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at SSR Mining
In other SSR Mining news, insider Michael John Sparks sold 4,470 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $20.00, for a total transaction of $89,400.00. Following the completion of the transaction, the insider now owns 129,735 shares in the company, valued at approximately $2,594,700. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, COO Steward John Beckman sold 5,400 shares of SSR Mining stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $16.28, for a total value of $87,912.00. Following the completion of the transaction, the chief operating officer now directly owns 151,655 shares of the company’s stock, valued at approximately $2,468,943.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael John Sparks sold 4,470 shares of the business’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $20.00, for a total value of $89,400.00. Following the completion of the transaction, the insider now directly owns 129,735 shares in the company, valued at $2,594,700. The disclosure for this sale can be found here. Insiders have sold 40,270 shares of company stock worth $780,398 over the last ninety days. Insiders own 0.51% of the company’s stock.
Wall Street Analyst Weigh In
SSR Mining Price Performance
Shares of NASDAQ:SSRM opened at $15.71 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.52 and a current ratio of 7.10. SSR Mining Inc. has a 52 week low of $14.19 and a 52 week high of $24.58. The firm has a market cap of $3.33 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 4.07 and a beta of 0.91. The firm’s fifty day moving average is $17.62 and its 200-day moving average is $19.36.
SSR Mining (NASDAQ:SSRM – Get Rating) (TSE:SSO) last announced its earnings results on Tuesday, May 3rd. The basic materials company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. SSR Mining had a return on equity of 7.82% and a net margin of 22.10%. The firm had revenue of $355.45 million for the quarter, compared to the consensus estimate of $351.25 million. Sell-side analysts predict that SSR Mining Inc. will post 1.22 earnings per share for the current year.
SSR Mining Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Friday, August 12th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, August 11th. SSR Mining’s dividend payout ratio is currently 19.72%.
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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