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

SSR Mining Inc. (NASDAQ:SSRMGet Rating) (TSE:SSO) COO Steward John Beckman sold 5,400 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $14.50, for a total value of $78,300.00. Following the transaction, the chief operating officer now owns 130,205 shares in the company, valued at $1,887,972.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Steward John Beckman also recently made the following trade(s):

  • On Monday, October 10th, Steward John Beckman sold 5,400 shares of SSR Mining stock. The shares were sold at an average price of $14.16, for a total value of $76,464.00.
  • On Friday, September 9th, Steward John Beckman sold 5,400 shares of SSR Mining stock. The shares were sold at an average price of $14.20, for a total value of $76,680.00.

SSR Mining Stock Down 1.4 %

SSRM stock opened at $14.80 on Tuesday. SSR Mining Inc. has a twelve month low of $12.84 and a twelve month high of $24.58. The company has a market cap of $3.06 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 6.00 and a beta of 0.80. The business’s 50-day simple moving average is $14.04 and its 200 day simple moving average is $16.33. The company has a quick ratio of 3.90, a current ratio of 5.79 and a debt-to-equity ratio of 0.08.

SSR Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Friday, November 18th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, November 17th. SSR Mining’s dividend payout ratio (DPR) is presently 27.18%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SSRM. TheStreet downgraded SSR Mining from a “b-” rating to a “c+” rating in a research report on Tuesday, August 30th. StockNews.com began coverage on SSR Mining in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Scotiabank lowered their price target on SSR Mining from C$33.50 to C$30.00 in a research report on Monday, October 24th. BMO Capital Markets lowered their price target on SSR Mining from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday, September 23rd. Finally, TD Securities lowered their price target on SSR Mining from C$35.00 to C$34.00 in a research report on Wednesday, November 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.92.

Institutional Investors Weigh In On SSR Mining

A number of institutional investors have recently added to or reduced their stakes in SSRM. DekaBank Deutsche Girozentrale lifted its stake in SSR Mining by 1,328.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 171,470 shares of the basic materials company’s stock worth $3,745,000 after purchasing an additional 159,470 shares during the period. Belpointe Asset Management LLC lifted its stake in SSR Mining by 158.9% during the first quarter. Belpointe Asset Management LLC now owns 20,697 shares of the basic materials company’s stock worth $450,000 after purchasing an additional 12,702 shares during the period. SG Americas Securities LLC lifted its stake in SSR Mining by 216.8% during the first quarter. SG Americas Securities LLC now owns 22,214 shares of the basic materials company’s stock worth $483,000 after purchasing an additional 15,202 shares during the period. Cannon Global Investment Management LLC bought a new position in SSR Mining during the first quarter worth about $2,721,000. Finally, State of New Jersey Common Pension Fund D bought a new position in SSR Mining during the first quarter worth about $1,562,000. 57.70% of the stock is owned by institutional investors and hedge funds.

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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