Rational Advisors LLC lifted its stake in SSR Mining Inc. (NASDAQ:SSRM – Get Rating) (TSE:SSO) by 127.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,441 shares of the basic materials company’s stock after acquiring an additional 808 shares during the period. Rational Advisors LLC’s holdings in SSR Mining were worth $26,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Eagle Bay Advisors LLC bought a new position in shares of SSR Mining in the fourth quarter worth $27,000. PYA Waltman Capital LLC bought a new stake in SSR Mining during the fourth quarter valued at $29,000. US Bancorp DE boosted its stake in SSR Mining by 60.1% during the third quarter. US Bancorp DE now owns 2,631 shares of the basic materials company’s stock valued at $39,000 after buying an additional 988 shares during the period. NewGen Asset Management Ltd bought a new stake in SSR Mining during the fourth quarter valued at $115,000. Finally, Gotham Asset Management LLC bought a new stake in SSR Mining during the third quarter valued at $208,000. 65.13% of the stock is owned by hedge funds and other institutional investors.
In related news, CFO Alison Lynn White sold 4,223 shares of the business’s stock in a transaction dated Thursday, March 31st. The stock was sold at an average price of $22.07, for a total transaction of $93,201.61. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.51% of the stock is owned by insiders.
SSR Mining (NASDAQ:SSRM – Get Rating) (TSE:SSO) last released its quarterly earnings data on Wednesday, February 23rd. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). The company had revenue of $407.92 million during the quarter, compared to analysts’ expectations of $387.62 million. SSR Mining had a return on equity of 8.77% and a net margin of 20.93%. During the same quarter in the prior year, the firm posted $0.50 EPS. On average, research analysts expect that SSR Mining Inc. will post 1.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 9th. Investors of record on Friday, May 13th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, May 12th. This represents a $0.28 dividend on an annualized basis and a yield of 1.46%. SSR Mining’s dividend payout ratio is presently 20.14%.
Several equities research analysts recently issued reports on SSRM shares. Canaccord Genuity Group lifted their price objective on SSR Mining from C$27.00 to C$29.00 in a research note on Friday, February 25th. Scotiabank lifted their price target on SSR Mining from C$31.00 to C$33.50 in a research note on Tuesday, April 19th. National Bank Financial dropped their price target on SSR Mining from C$33.00 to C$32.50 in a research note on Tuesday. TD Securities lifted their price target on SSR Mining from C$38.00 to C$39.00 in a research note on Wednesday, May 4th. Finally, Zacks Investment Research raised SSR Mining from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday, May 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, SSR Mining has a consensus rating of “Buy” and a consensus target price of $30.29.
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.
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