DekaBank Deutsche Girozentrale raised its stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,432 shares of the basic materials company’s stock after acquiring an additional 781 shares during the period. DekaBank Deutsche Girozentrale’s holdings in SSR Mining were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SSRM. Amundi Pioneer Asset Management Inc. boosted its stake in SSR Mining by 39.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 666,859 shares of the basic materials company’s stock valued at $8,443,000 after acquiring an additional 189,659 shares in the last quarter. Pinnacle Financial Partners Inc. acquired a new stake in shares of SSR Mining during the fourth quarter worth about $200,000. Addenda Capital Inc. acquired a new stake in shares of SSR Mining during the fourth quarter worth about $245,000. Kestra Advisory Services LLC acquired a new stake in shares of SSR Mining during the fourth quarter worth about $430,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of SSR Mining during the fourth quarter worth about $25,000. Institutional investors own 51.45% of the company’s stock.
Several research analysts recently issued reports on SSRM shares. JPMorgan Chase & Co. started coverage on shares of SSR Mining in a report on Wednesday, February 10th. They set an “overweight” rating for the company. Canaccord Genuity cut their price target on shares of SSR Mining from $35.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, February 18th. Zacks Investment Research cut shares of SSR Mining from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 21st. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of SSR Mining in a report on Tuesday, February 2nd. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $32.20.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings results on Thursday, May 6th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.07. SSR Mining had a net margin of 9.44% and a return on equity of 7.81%. The firm had revenue of $366.48 million for the quarter, compared to the consensus estimate of $346.48 million. Analysts forecast that SSR Mining Inc. will post 1.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 14th. Stockholders of record on Monday, May 17th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, May 14th. SSR Mining’s payout ratio is currently 24.69%.
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, lead, and zinc deposits. Its projects include the ÃÃ¶pler Gold mine located in Erzincan, Turkey; the Marigold mine located in Humboldt and Lander Counties, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.
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