Advisory Services Network LLC Sells 996 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Advisory Services Network LLC reduced its holdings in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 7.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,044 shares of the basic materials company’s stock after selling 996 shares during the quarter. Advisory Services Network LLC’s holdings in SSR Mining were worth $175,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of SSR Mining by 15.2% during the 2nd quarter. BlackRock Inc. now owns 9,811,958 shares of the basic materials company’s stock worth $152,967,000 after buying an additional 1,295,377 shares during the last quarter. Squarepoint Ops LLC bought a new position in SSR Mining in the second quarter valued at about $314,000. Amundi bought a new position in SSR Mining in the second quarter valued at about $19,266,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in SSR Mining by 49.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 363,846 shares of the basic materials company’s stock valued at $5,682,000 after purchasing an additional 119,648 shares during the last quarter. Finally, Stratos Wealth Advisors LLC raised its position in SSR Mining by 242.6% in the third quarter. Stratos Wealth Advisors LLC now owns 619,535 shares of the basic materials company’s stock valued at $9,014,000 after purchasing an additional 438,693 shares during the last quarter. Institutional investors and hedge funds own 49.93% of the company’s stock.

Several equities analysts have commented on SSRM shares. Zacks Investment Research upgraded SSR Mining from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Thursday, January 6th. National Bank Financial dropped their target price on SSR Mining from C$32.00 to C$28.50 in a research report on Friday, January 7th. Scotiabank dropped their target price on SSR Mining from C$38.50 to C$31.00 in a research report on Tuesday. Finally, raised their price objective on SSR Mining from C$25.00 to C$28.00 and gave the stock a “buy” rating in a research report on Thursday, November 4th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $26.70.

Shares of SSRM opened at $16.44 on Friday. SSR Mining Inc. has a 1 year low of $13.68 and a 1 year high of $20.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.39 and a quick ratio of 4.63. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 3.65 and a beta of 1.04. The business has a 50-day moving average of $17.74 and a 200-day moving average of $16.51.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings data on Wednesday, November 3rd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.08. SSR Mining had a return on equity of 10.09% and a net margin of 17.62%. The company had revenue of $322.85 million during the quarter, compared to the consensus estimate of $330.65 million. During the same period last year, the company earned $0.49 earnings per share. As a group, sell-side analysts anticipate that SSR Mining Inc. will post 1.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 13th. Investors of record on Monday, November 15th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, November 12th. This represents a $0.20 annualized dividend and a yield of 1.22%. SSR Mining’s dividend payout ratio is currently 17.24%.

SSR Mining Profile

SSR Mining, Inc is a gold company. It engages in the operation, development, exploration, and acquisition of metal resource properties located in Turkey and the Americas. The firm focuses on the Çöpler Gold Mine, Puna, Marigold Mines, and Seabee Gold Operations. The company was founded on December 11, 1946 is headquartered in Vancouver, Canada.

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Institutional Ownership by Quarter for SSR Mining (NASDAQ:SSRM)

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