SSR Mining Inc. (NASDAQ:SSRM – Get Rating) (TSE:SSO) saw some unusual options trading on Thursday. Traders bought 18,088 call options on the company. This represents an increase of approximately 1,038% compared to the average volume of 1,590 call options.
A number of equities research analysts have commented on SSRM shares. TD Securities lifted their target price on SSR Mining from C$29.00 to C$33.00 in a research report on Thursday, February 24th. Zacks Investment Research upgraded SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, February 4th. Scotiabank cut their price objective on SSR Mining from C$38.50 to C$31.00 in a report on Tuesday, January 11th. National Bank Financial downgraded SSR Mining from an “outperform” rating to a “sector perform” rating in a report on Wednesday, March 16th. Finally, Canaccord Genuity Group boosted their price objective on SSR Mining from C$27.00 to C$29.00 in a report on Friday, February 25th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in SSR Mining during the 4th quarter worth approximately $44,132,000. Paulson & CO. Inc. raised its stake in shares of SSR Mining by 138.1% during the 4th quarter. Paulson & CO. Inc. now owns 3,120,242 shares of the basic materials company’s stock worth $55,228,000 after buying an additional 1,810,000 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of SSR Mining by 33.7% during the 4th quarter. Mackenzie Financial Corp now owns 5,249,813 shares of the basic materials company’s stock worth $92,927,000 after buying an additional 1,324,571 shares in the last quarter. Capital World Investors raised its stake in shares of SSR Mining by 100.4% during the 3rd quarter. Capital World Investors now owns 2,445,000 shares of the basic materials company’s stock worth $35,575,000 after buying an additional 1,225,000 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of SSR Mining by 129.5% during the 4th quarter. American Century Companies Inc. now owns 855,231 shares of the basic materials company’s stock worth $15,138,000 after buying an additional 482,626 shares in the last quarter. 62.65% of the stock is owned by hedge funds and other institutional investors.
NASDAQ SSRM traded up $0.26 during trading hours on Thursday, hitting $21.96. 3,258,977 shares of the company were exchanged, compared to its average volume of 1,999,549. The company has a 50 day moving average of $18.83 and a two-hundred day moving average of $17.48. The company has a quick ratio of 4.27, a current ratio of 5.64 and a debt-to-equity ratio of 0.07. SSR Mining has a 52-week low of $13.68 and a 52-week high of $22.73. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 5.72 and a beta of 0.97.
SSR Mining (NASDAQ:SSRM – Get Rating) (TSE:SSO) last issued its quarterly earnings results on Wednesday, February 23rd. The basic materials company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). SSR Mining had a return on equity of 9.75% and a net margin of 19.78%. The company had revenue of $407.92 million for the quarter, compared to analysts’ expectations of $387.62 million. During the same quarter last year, the company earned $0.50 EPS. On average, equities research analysts predict that SSR Mining will post 1.19 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 4th. Investors of record on Monday, March 7th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, March 4th. This is a boost from SSR Mining’s previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.28%. SSR Mining’s dividend payout ratio is 21.21%.
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 Ãöpler 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.