3,259 Shares in SSR Mining Inc. (NASDAQ:SSRM) Acquired by Belpointe Asset Management LLC

Belpointe Asset Management LLC bought a new stake in SSR Mining Inc. (NASDAQ:SSRM – Get Rating) (TSE:SSO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,259 shares of the basic materials company’s stock, valued at approximately $51,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new position in shares of SSR Mining during the third quarter valued at $31,000. American International Group Inc. acquired a new position in SSR Mining during the 2nd quarter valued at about $37,000. First Interstate Bank bought a new stake in shares of SSR Mining during the 4th quarter worth about $172,000. Utah Retirement Systems bought a new position in shares of SSR Mining in the second quarter valued at approximately $185,000. Finally, Cetera Investment Advisers acquired a new position in shares of SSR Mining during the first quarter valued at approximately $202,000. Institutional investors own 57.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. National Bank Financial cut their target price on SSR Mining from C$26.00 to C$23.00 in a research report on Tuesday, February 14th. TD Securities dropped their price target on shares of SSR Mining from C$36.00 to C$33.00 in a research report on Monday, February 13th. BMO Capital Markets reduced their price objective on shares of SSR Mining from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, February 14th. TheStreet downgraded shares of SSR Mining from a “b-” rating to a “c+” rating in a report on Monday, May 15th. Finally, StockNews.com assumed coverage on shares of SSR Mining in a report on Thursday, May 18th. They set a “hold” rating for the company. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, SSR Mining currently has an average rating of “Moderate Buy” and an average price target of $26.67.

SSR Mining Stock Performance

SSR Mining stock opened at $15.64 on Wednesday. SSR Mining Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $21.48. The firm’s 50 day simple moving average is $15.33 and its 200-day simple moving average is $15.32. The company has a debt-to-equity ratio of 0.08, a current ratio of 5.35 and a quick ratio of 3.28. The company has a market cap of $3.21 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 4.61 and a beta of 0.91.

SSR Mining (NASDAQ:SSRM – Get Rating) (TSE:SSO) last posted its quarterly earnings data on Wednesday, February 22nd. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $306.38 million for the quarter, compared to analysts’ expectations of $353.00 million. SSR Mining had a net margin of 14.13% and a return on equity of 2.44%. As a group, equities research analysts predict that SSR Mining Inc. will post 1.15 EPS for the current year.

SSR Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Monday, May 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.79%. The ex-dividend date is Friday, May 12th. SSR Mining’s payout ratio is 38.89%.

Insider Buying and Selling

In other SSR Mining news, insider Michael John Sparks sold 2,323 shares of SSR Mining stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $13.31, for a total transaction of $30,919.13. Following 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 document filed with the SEC, which is available at this hyperlink. In related news, CFO Alison Lynn White sold 2,439 shares of the stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $13.31, for a total transaction of $32,463.09. Following the completion of the sale, the chief financial officer now directly owns 66,077 shares in the company, valued at $879,484.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael John Sparks sold 2,323 shares of the business’s stock in a transaction dated 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 owns 146,048 shares in the company, valued at approximately $1,943,898.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,241 shares of company stock valued at $83,068. Corporate insiders own 0.51% of the company’s stock.

About SSR Mining

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SSR Mining, Inc is a gold company, which engages in the operation, development, exploration, and acquisition of metal resource properties. It operates through the following business segments: Copler, Marigold, Seabee, Puna and the Exploration, Evaluation, and Development Properties. The Copler, Marigold, Seabee, and Puna segment represent its four operating mine sites.