Scotia Capital Inc. lifted its stake in SSR Mining Inc. (NASDAQ:SSRM – Free Report) (TSE:SSO) by 12.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,761 shares of the basic materials company’s stock after buying an additional 1,620 shares during the quarter. Scotia Capital Inc.’s holdings in SSR Mining were worth $223,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of SSRM. Great West Life Assurance Co. Can lifted its holdings in shares of SSR Mining by 9.8% in the first quarter. Great West Life Assurance Co. Can now owns 12,841 shares of the basic materials company’s stock worth $297,000 after buying an additional 1,143 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in SSR Mining by 31.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,454,876 shares of the basic materials company’s stock valued at $31,644,000 after purchasing an additional 349,449 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in SSR Mining during the first quarter valued at $413,000. Cetera Investment Advisers purchased a new stake in SSR Mining during the first quarter valued at $202,000. Finally, Moors & Cabot Inc. purchased a new stake in SSR Mining during the first quarter valued at $212,000. Hedge funds and other institutional investors own 61.39% of the company’s stock.
SSR Mining Trading Down 1.4 %
Shares of SSRM opened at $14.50 on Monday. SSR Mining Inc. has a twelve month low of $12.78 and a twelve month high of $17.74. The company has a market cap of $2.96 billion, a P/E ratio of 18.13, a P/E/G ratio of 0.84 and a beta of 0.87. The company has a current ratio of 5.67, a quick ratio of 2.92 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $14.39 and its 200-day simple moving average is $14.67.
SSR Mining Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Friday, August 11th. SSR Mining’s payout ratio is presently 35.00%.
Wall Street Analyst Weigh In
SSRM has been the topic of a number of recent research reports. TheStreet downgraded shares of SSR Mining from a “b-” rating to a “c+” rating in a research note on Monday, May 15th. StockNews.com initiated coverage on shares of SSR Mining in a research note on Thursday, August 17th. They set a “hold” rating on the stock.
View Our Latest Research Report on SSRM
SSR Mining Company Profile
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 province, Turkey; the Marigold mine located in Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy province, Argentina.
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