Great West Life Assurance Co. Can Has $1.53 Million Stake in SSR Mining Inc. (NASDAQ:SSRM)

by · The Markets Daily

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Great West Life Assurance Co. Can raised its stake in SSR Mining Inc. (NASDAQ:SSRM – Free Report) (TSE:SSO) by 12.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,373 shares of the basic materials company’s stock after purchasing an additional 11,611 shares during the period. Great West Life Assurance Co. Can owned 0.05% of SSR Mining worth $1,533,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSRM. Headlands Technologies LLC bought a new stake in SSR Mining in the second quarter valued at $37,000. American International Group Inc. bought a new stake in shares of SSR Mining during the second quarter worth about $37,000. Wolverine Asset Management LLC bought a new stake in shares of SSR Mining during the second quarter worth about $127,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of SSR Mining during the second quarter worth about $160,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of SSR Mining during the first quarter worth about $178,000. 61.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on SSRM. Bank of America downgraded shares of SSR Mining from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $17.00 to $12.50 in a research report on Monday, November 20th. UBS Group decreased their price objective on shares of SSR Mining from $18.30 to $17.90 and set a “buy” rating for the company in a research note on Friday, October 6th. Royal Bank of Canada decreased their price objective on shares of SSR Mining from $22.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Desjardins started coverage on shares of SSR Mining in a research note on Tuesday, October 24th. They issued a “buy” rating for the company. Finally, StockNews.com started coverage on shares of SSR Mining in a research note on Thursday, October 5th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.41.

Get Our Latest Report on SSRM

SSR Mining Stock Down 2.0 %

SSR Mining stock opened at $11.42 on Wednesday. SSR Mining Inc. has a twelve month low of $11.05 and a twelve month high of $17.74. The firm has a 50 day moving average price of $12.60 and a 200-day moving average price of $13.85. The company has a market capitalization of $2.33 billion, a P/E ratio of 11.54, a P/E/G ratio of 0.60 and a beta of 0.88. The company has a quick ratio of 3.76, a current ratio of 6.97 and a debt-to-equity ratio of 0.07.

SSR Mining (NASDAQ:SSRM – Get Free Report) (TSE:SSO) last released its earnings results on Wednesday, November 1st. The basic materials company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). SSR Mining had a net margin of 16.35% and a return on equity of 4.01%. The company had revenue of $385.39 million for the quarter. As a group, equities analysts predict that SSR Mining Inc. will post 1.08 EPS for the current year.

SSR Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, November 10th. SSR Mining’s dividend payout ratio is currently 28.28%.

SSR Mining Profile

(Free Report)

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 province, Turkey; the Marigold mine located in Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy province, Argentina.

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