SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) was the target of some unusual options trading activity on Monday. Investors bought 4,184 call options on the stock. This represents an increase of 864% compared to the typical volume of 434 call options.
Several large investors have recently made changes to their positions in SSRM. James Investment Research Inc. increased its holdings in shares of SSR Mining by 8,368.4% during the fourth quarter. James Investment Research Inc. now owns 176,990 shares of the basic materials company’s stock worth $1,556,000 after buying an additional 174,900 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of SSR Mining during the fourth quarter worth $224,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of SSR Mining during the fourth quarter worth $154,000. American Century Companies Inc. increased its holdings in shares of SSR Mining by 33.0% during the fourth quarter. American Century Companies Inc. now owns 421,100 shares of the basic materials company’s stock worth $3,701,000 after buying an additional 104,500 shares in the last quarter. Finally, AGF Investments Inc. increased its holdings in shares of SSR Mining by 11.5% during the fourth quarter. AGF Investments Inc. now owns 479,200 shares of the basic materials company’s stock worth $4,220,000 after buying an additional 49,300 shares in the last quarter. Institutional investors own 43.28% of the company’s stock.
SSR Mining (NASDAQ:SSRM) opened at $8.51 on Wednesday. The stock has a market cap of $1,020.00, a price-to-earnings ratio of 17.37 and a beta of -0.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 7.96 and a current ratio of 10.42. SSR Mining has a 1-year low of $7.64 and a 1-year high of $11.98.
Several brokerages have commented on SSRM. BidaskClub downgraded shares of SSR Mining from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Credit Suisse Group upgraded shares of SSR Mining from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 16th. National Bank Financial restated an “outperform market weight” rating on shares of SSR Mining in a research report on Wednesday, December 13th. Finally, BMO Capital Markets began coverage on shares of SSR Mining in a research report on Friday, November 17th. They set an “outperform” rating and a $12.50 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $12.38.
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SSR Mining Company Profile
SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.
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