SG Americas Securities LLC Purchases 15,202 Shares of SSR Mining Inc. (NASDAQ:SSRM)

SG Americas Securities LLC raised its holdings in shares of SSR Mining Inc. (NASDAQ:SSRMGet Rating) (TSE:SSO) by 216.8% in the first quarter, HoldingsChannel.com reports. The firm owned 22,214 shares of the basic materials company’s stock after buying an additional 15,202 shares during the period. SG Americas Securities LLC’s holdings in SSR Mining were worth $483,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of SSR Mining during the fourth quarter worth about $4,929,000. Qube Research & Technologies Ltd acquired a new position in SSR Mining during the 4th quarter valued at about $338,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in SSR Mining by 46.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 76,450 shares of the basic materials company’s stock valued at $1,334,000 after purchasing an additional 24,221 shares during the last quarter. CM Management LLC bought a new stake in SSR Mining during the 4th quarter worth approximately $620,000. Finally, Sigma Planning Corp raised its stake in shares of SSR Mining by 1.7% in the fourth quarter. Sigma Planning Corp now owns 39,809 shares of the basic materials company’s stock worth $705,000 after purchasing an additional 663 shares during the last quarter. Institutional investors and hedge funds own 65.13% of the company’s stock.

Insider Buying and Selling at SSR Mining

In other news, CEO Rodney Antal sold 25,000 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 $500,000.00. Following the completion of the sale, the chief executive officer now owns 771,125 shares in the company, valued at approximately $15,422,500. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Rodney Antal sold 25,000 shares of the company’s stock in a transaction on Friday, June 10th. The stock was sold at an average price of $20.00, for a total transaction of $500,000.00. Following the transaction, the chief executive officer now owns 771,125 shares of the company’s stock, valued at approximately $15,422,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael John Sparks sold 4,470 shares of the stock in a transaction on Friday, June 10th. The stock was sold at an average price of $20.00, for a total value of $89,400.00. Following the transaction, the insider now owns 129,735 shares of the company’s stock, valued at approximately $2,594,700. The disclosure for this sale can be found here. Insiders have sold a total of 40,270 shares of company stock worth $780,398 over the last three months. 0.51% of the stock is currently owned by insiders.

SSR Mining Stock Up 1.0 %

SSRM stock opened at $15.71 on Friday. The stock has a market cap of $3.33 billion, a P/E ratio of 11.06, a P/E/G ratio of 4.07 and a beta of 0.91. The company has a current ratio of 7.10, a quick ratio of 4.52 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $17.62 and its two-hundred day simple moving average is $19.36. SSR Mining Inc. has a 1-year low of $14.19 and a 1-year high of $24.58.

SSR Mining (NASDAQ:SSRMGet Rating) (TSE:SSO) last released its earnings results on Tuesday, May 3rd. The basic materials company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $355.45 million for the quarter, compared to analysts’ expectations of $351.25 million. SSR Mining had a return on equity of 7.82% and a net margin of 22.10%. Analysts expect that SSR Mining Inc. will post 1.22 EPS for the current year.

SSR Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Friday, August 12th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, August 11th. SSR Mining’s dividend payout ratio is 19.72%.

Analyst Upgrades and Downgrades

SSRM has been the topic of several analyst reports. TD Securities lifted their target price on SSR Mining from C$38.00 to C$39.00 in a research report on Wednesday, May 4th. UBS Group began coverage on shares of SSR Mining in a report on Tuesday, May 31st. They set a “buy” rating and a $30.50 price objective on the stock. Scotiabank increased their target price on shares of SSR Mining from C$31.00 to C$33.50 in a report on Tuesday, April 19th. Finally, National Bank Financial cut their price target on shares of SSR Mining from C$32.50 to C$27.50 in a report on Thursday, July 21st.

SSR Mining Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding SSRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SSR Mining Inc. (NASDAQ:SSRMGet Rating) (TSE:SSO).

Institutional Ownership by Quarter for SSR Mining (NASDAQ:SSRM)

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