SSR Mining (NASDAQ:SSRM) Trading 4.1% Higher

SSR Mining Inc. (NASDAQ:SSRM – Get Rating) (TSE:SSO) traded up 4.1% during trading on Friday . The company traded as high as $14.22 and last traded at $14.18. 617,044 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 1,519,272 shares. The stock had previously closed at $13.62.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. StockNews.com assumed coverage on SSR Mining in a research note on Thursday. They set a “hold” rating for the company. TD Securities decreased their price target on SSR Mining from C$36.00 to C$33.00 in a research note on Monday, February 13th. Scotiabank decreased their price target on SSR Mining from C$30.00 to C$29.50 in a research note on Wednesday, January 18th. BMO Capital Markets decreased their price target on SSR Mining from $23.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday, February 14th. Finally, National Bank Financial decreased their price target on SSR Mining from C$26.00 to C$23.00 in a research note on Tuesday, February 14th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.67.

SSR Mining Stock Performance

The firm has a 50 day moving average of $15.26 and a two-hundred day moving average of $14.82. The stock has a market cap of $2.96 billion, a P/E ratio of 16.10, a P/E/G ratio of 4.19 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.13 and a current ratio of 4.93.

SSR Mining Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Friday, March 3rd will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $0.28 annualized dividend and a yield of 1.95%. SSR Mining’s payout ratio is 31.46%.

Insider Buying and Selling at SSR Mining

In other SSR Mining news, insider Michael John Sparks sold 2,323 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $13.31, for a total value of $30,919.13. Following the completion of the transaction, the insider now owns 146,048 shares of the company’s stock, valued at approximately $1,943,898.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other SSR Mining news, CFO Alison Lynn White sold 2,439 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $13.31, for a total value of $32,463.09. Following the completion of the transaction, the chief financial officer now owns 66,077 shares of the company’s stock, valued at approximately $879,484.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael John Sparks sold 2,323 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $13.31, for a total value of $30,919.13. Following the completion of the transaction, the insider now directly owns 146,048 shares of the company’s stock, valued at approximately $1,943,898.88. The disclosure for this sale can be found here. Insiders sold a total of 25,927 shares of company stock valued at $410,052 in the last quarter. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On SSR Mining

A number of hedge funds have recently modified their holdings of SSRM. CoreCap Advisors LLC acquired a new position in shares of SSR Mining in the 2nd quarter worth approximately $25,000. Beirne Wealth Consulting Services LLC acquired a new position in shares of SSR Mining in the 4th quarter worth approximately $26,000. Twin Tree Management LP acquired a new position in shares of SSR Mining in the 2nd quarter worth approximately $28,000. Quantbot Technologies LP acquired a new position in shares of SSR Mining in the 3rd quarter worth approximately $31,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of SSR Mining in the 3rd quarter worth approximately $37,000. 57.81% of the stock is owned by institutional investors and hedge funds.

SSR Mining Company Profile

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SSR Mining, Inc is a gold company. It engages in the operation, development, exploration, and acquisition of metal resource properties located in Turkey and the Americas. The firm operates through the following segments: Copler, Marigold, Seabee, Puna and the exploration, evaluation and development properties.