SSR Mining Inc. (NASDAQ:SSRM – Get Rating) (TSE:SSO) – Analysts at Cormark cut their Q2 2022 EPS estimates for SSR Mining in a research report issued on Tuesday, July 26th. Cormark analyst R. Gray now forecasts that the basic materials company will earn $0.23 per share for the quarter, down from their previous forecast of $0.26. The consensus estimate for SSR Mining’s current full-year earnings is $1.22 per share.
SSR Mining (NASDAQ:SSRM – Get Rating) (TSE:SSO) last released its quarterly earnings data on Tuesday, May 3rd. The basic materials company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $355.45 million for the quarter, compared to the consensus estimate of $351.25 million. SSR Mining had a net margin of 20.93% and a return on equity of 8.77%.
SSR Mining Trading Up 1.1 %
Shares of SSR Mining stock opened at $16.28 on Thursday. SSR Mining has a 12-month low of $14.19 and a 12-month high of $24.58. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 4.25 and a beta of 0.96. The company has a current ratio of 6.02, a quick ratio of 4.52 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $18.15 and its 200-day moving average price is $19.40.
Institutional Investors Weigh In On SSR Mining
A number of institutional investors have recently added to or reduced their stakes in SSRM. Principal Financial Group Inc. bought a new stake in SSR Mining during the first quarter valued at about $42,169,000. Paulson & CO. Inc. boosted its holdings in SSR Mining by 138.1% in the fourth quarter. Paulson & CO. Inc. now owns 3,120,242 shares of the basic materials company’s stock worth $55,228,000 after acquiring an additional 1,810,000 shares in the last quarter. Van ECK Associates Corp boosted its holdings in SSR Mining by 7.5% in the first quarter. Van ECK Associates Corp now owns 22,323,546 shares of the basic materials company’s stock worth $485,536,000 after acquiring an additional 1,550,609 shares in the last quarter. American Century Companies Inc. boosted its holdings in SSR Mining by 173.5% in the first quarter. American Century Companies Inc. now owns 2,339,247 shares of the basic materials company’s stock worth $50,876,000 after acquiring an additional 1,484,016 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in SSR Mining by 33.7% in the fourth quarter. Mackenzie Financial Corp now owns 5,249,813 shares of the basic materials company’s stock worth $92,927,000 after acquiring an additional 1,324,571 shares in the last quarter. Institutional investors own 65.13% of the company’s stock.
In related news, CEO Rodney Antal sold 25,000 shares of the stock in a transaction on Friday, June 10th. The stock was sold at an average price of $20.00, for a total transaction of $500,000.00. Following the sale, the chief executive officer now owns 771,125 shares in the company, valued at approximately $15,422,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Steward John Beckman sold 5,400 shares of the firm’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $16.28, for a total transaction of $87,912.00. Following the transaction, the chief operating officer now owns 151,655 shares in the company, valued at $2,468,943.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rodney Antal sold 25,000 shares of the firm’s stock in a transaction on Friday, June 10th. The shares were sold at an average price of $20.00, for a total value of $500,000.00. Following the transaction, the chief executive officer now owns 771,125 shares in the company, valued at approximately $15,422,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,270 shares of company stock worth $780,398. 0.51% of the stock is currently owned by insiders.
SSR Mining Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 9th. Stockholders of record on Friday, May 13th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.72%. SSR Mining’s dividend payout ratio is currently 20.14%.
About SSR Mining
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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