Victory Capital Management Inc. increased its holdings in SSR Mining Inc. (NASDAQ:SSRM – Get Rating) (TSE:SSO) by 13.9% in Q1, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC ). The fund held 914,627 shares of the basic materials company after buying an additional 111,505 shares during the quarter. Victory Capital Management Inc.’s holdings in SSR Mining were worth $20,131,000 at the end of the last quarter.
Other large investors have also changed their stake in the company. Rational Advisors LLC increased its position in SSR Mining shares by 127.6% in the fourth quarter. Rational Advisors LLC now owns 1,441 shares of the basic materials company valued at $26,000 after buying 808 additional shares in the last quarter. PYA Waltman Capital LLC acquired a new stake in SSR Mining during the fourth quarter worth approximately $29,000. Newbridge Financial Services Group Inc. acquired a new stake in SSR Mining during the first quarter worth approximately $70,000. NewGen Asset Management Ltd acquired a new stake in SSR Mining during the fourth quarter worth approximately $115,000. Finally, Fox Run Management LLC acquired a new stake in SSR Mining during the fourth quarter worth approximately $251,000. 65.13% of the shares are currently held by institutional investors and hedge funds.
A Wall Street analyst gives his opinion
A number of brokerages have recently released reports on SSRM. Scotiabank raised its price target on SSR Mining shares from C$31.00 to C$33.50 in a Tuesday, April 19 research report. TD Securities raised its target price on SSR Mining shares from C$38.00 to C$39.00 in a Wednesday May 4 research report. National Bank Financial lowered its price target on SSR Mining shares from C$32.50 to C$27.50 in a Thursday, July 21 research note. Finally, UBS Group launched a hedge on SSR Mining shares in a Tuesday May 31 research note. They set a “buy” rating and a price target of $30.50 on the stock.
Separately, COO Steward John Beckman sold 5,400 shares of the company in a trade on Monday, July 11. The shares were sold at an average price of $16.28, for a total value of $87,912.00. Following the transaction, the chief operating officer now owns 151,655 shares of the company, valued at approximately $2,468,943.40. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink. Separately, CEO Rodney Antal sold 25,000 shares of the company in a trade on Friday, June 10. The shares were sold at an average price of $20.00, for a total transaction of $500,000.00. Following the completion of the sale, the CEO now directly owns 771,125 shares of the company, valued at approximately $15,422,500. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, COO Steward John Beckman sold 5,400 shares of the company in a trade on Monday, July 11. The shares were sold at an average price of $16.28, for a total transaction of $87,912.00. Following the sale, the COO now directly owns 151,655 shares of the company, valued at $2,468,943.40. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 40,270 shares of the company valued at $780,398. Insiders of the company hold 0.51% of the shares of the company.
Performance of SSR Mining Stocks
NASDAQ:SSRM opened at $15.56 on Friday. The company has a quick ratio of 4.52, a current ratio of 6.02 and a leverage ratio of 0.09. The company has a market capitalization of $3.30 billion, a P/E ratio of 10.96, a P/E/G ratio of 4.26 and a beta of 0.91. SSR Mining Inc. has a fifty-two week low of $14.19 and a fifty-two week high of $24.58. The company’s 50-day moving average is $17.71 and its two-hundred-day moving average is $19.36.
SSR Mining (NASDAQ:SSRM – Get Rating) (TSE:SSO) last released its results on Tuesday, May 3. The basic materials company reported EPS of $0.30 for the quarter, beating consensus analyst estimates of $0.26 by $0.04. SSR Mining posted a net margin of 22.10% and a return on equity of 7.87%. The company posted revenue of $355.45 million for the quarter, versus a consensus estimate of $351.25 million. Analysts expect SSR Mining Inc. to post EPS of 1.22 for the current year.
SSR Mining announces dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 6. Shareholders of record on Friday, August 12 will receive a dividend of $0.07. This represents a dividend of $0.28 on an annualized basis and a dividend yield of 1.80%. The ex-date of this dividend is Thursday, August 11. SSR Mining’s dividend payout ratio is currently 19.72%.
SSR Mining Company Profile
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SSR Mining Inc, together with its subsidiaries, engages in the acquisition, exploration, development and exploitation of precious metal resource properties in Turkey and the Americas. The company explores deposits of gold, silver, copper, lead and zinc. Its projects include the Çöpler gold mine located in Erzincan, Turkey; the Marigold Mine located in Humboldt County, Nevada, United States; the Seabee Gold operation located in Saskatchewan, Canada; and the Puna operations in Jujuy, Argentina.
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