Stock Traders Purchase High Volume of SSR Mining Call Options (NASDAQ:SSRM)
SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) was the recipient of some unusual options trading activity on Tuesday. Traders bought 10,236 call options on the stock. This represents an increase of approximately 310% compared to the average daily volume of 2,496 call options.
Several institutional investors have recently bought and sold shares of the company. Nikko Asset Management Americas Inc. raised its stake in shares of SSR Mining by 0.9% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 123,408 shares of the basic materials company’s stock valued at $2,482,000 after purchasing an additional 1,111 shares during the period. International Assets Investment Management LLC bought a new stake in shares of SSR Mining during the fourth quarter valued at about $25,000. Great West Life Assurance Co. Can increased its position in shares of SSR Mining by 3.9% during the third quarter. Great West Life Assurance Co. Can now owns 36,083 shares of the basic materials company’s stock valued at $674,000 after buying an additional 1,354 shares during the period. Advisory Services Network LLC lifted its holdings in shares of SSR Mining by 11.0% in the fourth quarter. Advisory Services Network LLC now owns 13,691 shares of the basic materials company’s stock worth $275,000 after buying an additional 1,357 shares in the last quarter. Finally, GWM Advisors LLC boosted its position in shares of SSR Mining by 3.5% in the fourth quarter. GWM Advisors LLC now owns 58,454 shares of the basic materials company’s stock valued at $1,176,000 after acquiring an additional 2,000 shares during the period. 51.45% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on SSRM shares. Zacks Investment Research upgraded SSR Mining from a “sell” rating to a “hold” rating in a research note on Wednesday, March 24th. National Bank Financial reaffirmed an “outperform” rating on shares of SSR Mining in a research report on Tuesday, February 2nd. JPMorgan Chase & Co. began coverage on shares of SSR Mining in a report on Wednesday, February 10th. They issued an “overweight” rating on the stock. Scotiabank decreased their price objective on shares of SSR Mining from $39.50 to $38.50 and set an “outperform” rating for the company in a report on Monday, January 11th. Finally, Canaccord Genuity lowered their price objective on shares of SSR Mining from $35.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, February 18th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $32.20.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its earnings results on Wednesday, February 17th. The basic materials company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.06). The business had revenue of $370.73 million during the quarter, compared to analysts’ expectations of $410.40 million. SSR Mining had a return on equity of 7.81% and a net margin of 9.44%. Equities research analysts forecast that SSR Mining will post 1.28 EPS for the current fiscal year.
The business also recently announced a — dividend, which was paid on Wednesday, March 31st. Shareholders of record on Friday, March 5th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 4th.
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, lead, and zinc deposits. Its projects include the ÃÃ¶pler Gold mine located in Erzincan, Turkey; the Marigold mine located in Humboldt and Lander Counties, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.
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