Ladenburg Thalmann Financial Services Inc. Sells 17,958 Shares of SSR Mining Inc (NASDAQ:SSRM)

Ladenburg Thalmann Financial Services Inc. trimmed its holdings in shares of SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) by 25.6% in the 2nd quarter, Holdings Channel reports. The firm owned 52,270 shares of the basic materials company’s stock after selling 17,958 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in SSR Mining were worth $689,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SSRM. Bank of Montreal Can lifted its position in shares of SSR Mining by 92.6% during the second quarter. Bank of Montreal Can now owns 2,577,586 shares of the basic materials company’s stock worth $35,236,000 after purchasing an additional 1,239,501 shares during the last quarter. Invesco Ltd. lifted its position in shares of SSR Mining by 7,205.2% during the second quarter. Invesco Ltd. now owns 836,594 shares of the basic materials company’s stock worth $11,436,000 after purchasing an additional 825,142 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of SSR Mining by 9.8% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,122,916 shares of the basic materials company’s stock worth $56,539,000 after purchasing an additional 367,800 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of SSR Mining by 582.0% during the second quarter. Gabelli Funds LLC now owns 341,000 shares of the basic materials company’s stock worth $4,661,000 after purchasing an additional 291,000 shares during the last quarter. Finally, Investec Asset Management LTD lifted its position in shares of SSR Mining by 6.0% during the second quarter. Investec Asset Management LTD now owns 5,119,599 shares of the basic materials company’s stock worth $69,985,000 after purchasing an additional 289,535 shares during the last quarter. Institutional investors and hedge funds own 55.91% of the company’s stock.

Several analysts recently weighed in on the company. TheStreet upgraded SSR Mining from a “c” rating to a “b-” rating in a report on Monday, August 12th. Zacks Investment Research upgraded SSR Mining from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Saturday, September 28th. BidaskClub downgraded SSR Mining from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Citigroup lifted their price objective on SSR Mining from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Finally, BMO Capital Markets lifted their price objective on SSR Mining to $19.50 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $17.43.

SSRM stock opened at $14.36 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.02 and a quick ratio of 2.91. The business has a 50-day moving average price of $15.47 and a 200 day moving average price of $13.72. The company has a market capitalization of $1.77 billion, a P/E ratio of 62.43 and a beta of -0.50. SSR Mining Inc has a 1-year low of $9.65 and a 1-year high of $17.56.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings data on Thursday, August 8th. The basic materials company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.09. The firm had revenue of $155.15 million during the quarter, compared to the consensus estimate of $143.00 million. SSR Mining had a return on equity of 4.84% and a net margin of 4.18%. The firm’s quarterly revenue was up 49.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. On average, analysts anticipate that SSR Mining Inc will post 0.71 earnings per share for the current fiscal year.

SSR Mining Profile

SSR Mining Inc engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include 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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Institutional Ownership by Quarter for SSR Mining (NASDAQ:SSRM)

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