SSR Mining Inc. (NASDAQ:SSRM) COO Steward John Beckman Sells 5,400 Shares

SSR Mining Inc. (NASDAQ:SSRMGet Rating) (TSE:SSO) COO Steward John Beckman sold 5,400 shares of SSR Mining stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $19.09, for a total transaction of $103,086.00. Following the sale, the chief operating officer now directly owns 157,055 shares of the company’s stock, valued at approximately $2,998,179.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

SSRM opened at $18.89 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.52 and a current ratio of 6.02. SSR Mining Inc. has a 52-week low of $14.19 and a 52-week high of $24.58. The firm has a market cap of $4.02 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 4.35 and a beta of 0.92. The business’s fifty day moving average is $20.78 and its 200-day moving average is $19.49.

SSR Mining (NASDAQ:SSRMGet Rating) (TSE:SSO) last announced its quarterly earnings data on Tuesday, May 3rd. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. SSR Mining had a net margin of 20.93% and a return on equity of 8.77%. The firm had revenue of $355.45 million for the quarter, compared to the consensus estimate of $351.25 million. On average, research analysts predict that SSR Mining Inc. will post 1.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 9th. Investors of record on Friday, May 13th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, May 12th. This represents a $0.28 annualized dividend and a dividend yield of 1.48%. SSR Mining’s dividend payout ratio is 20.14%.

A number of institutional investors and hedge funds have recently made changes to their positions in SSRM. Van ECK Associates Corp boosted its stake in shares of SSR Mining by 7.5% in the 1st quarter. Van ECK Associates Corp now owns 22,323,546 shares of the basic materials company’s stock valued at $485,536,000 after purchasing an additional 1,550,609 shares in the last quarter. Vanguard Group Inc. lifted its stake in SSR Mining by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 6,902,608 shares of the basic materials company’s stock valued at $150,132,000 after purchasing an additional 77,029 shares during the last quarter. Mackenzie Financial Corp boosted its position in SSR Mining by 16.1% in the first quarter. Mackenzie Financial Corp now owns 6,096,763 shares of the basic materials company’s stock valued at $132,759,000 after buying an additional 846,950 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of SSR Mining by 4.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,616,492 shares of the basic materials company’s stock worth $78,661,000 after buying an additional 169,767 shares during the last quarter. Finally, Paulson & CO. Inc. increased its holdings in shares of SSR Mining by 138.1% during the fourth 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. Institutional investors and hedge funds own 65.13% of the company’s stock.

Several research firms have recently commented on SSRM. National Bank Financial decreased their target price on SSR Mining from C$33.00 to C$32.50 in a research report on Tuesday, May 10th. TD Securities lifted their target price on SSR Mining from C$38.00 to C$39.00 in a report on Wednesday, May 4th. Canaccord Genuity Group upped their price target on shares of SSR Mining from C$27.00 to C$29.00 in a research note on Friday, February 25th. Scotiabank raised their price target on shares of SSR Mining from C$31.00 to C$33.50 in a research report on Tuesday, April 19th. Finally, StockNews.com initiated coverage on shares of SSR Mining in a report on Thursday, March 31st. They issued a “hold” rating for the company.

About SSR Mining (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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