Toronto Dominion Bank Decreases Stock Holdings in SSR Mining Inc. (NASDAQ:SSRM)

Toronto Dominion Bank lessened its stake in SSR Mining Inc. (NASDAQ:SSRMGet Rating) (TSE:SSO) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,283 shares of the basic materials company’s stock after selling 20,499 shares during the period. Toronto Dominion Bank owned approximately 0.08% of SSR Mining worth $2,961,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of SSR Mining by 4.5% in the 3rd quarter. Royal Bank of Canada now owns 3,128,489 shares of the basic materials company’s stock worth $45,519,000 after buying an additional 136,083 shares during the last quarter. Capital World Investors boosted its stake in shares of SSR Mining by 100.4% in the 3rd quarter. Capital World Investors now owns 2,445,000 shares of the basic materials company’s stock worth $35,575,000 after buying an additional 1,225,000 shares during the last quarter. Millennium Management LLC boosted its stake in shares of SSR Mining by 38.9% in the 3rd quarter. Millennium Management LLC now owns 1,631,079 shares of the basic materials company’s stock worth $23,732,000 after buying an additional 456,725 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of SSR Mining by 0.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,496,742 shares of the basic materials company’s stock worth $27,570,000 after buying an additional 6,530 shares during the last quarter. Finally, TD Asset Management Inc. boosted its stake in shares of SSR Mining by 1.8% in the 3rd quarter. TD Asset Management Inc. now owns 1,403,872 shares of the basic materials company’s stock worth $20,412,000 after buying an additional 24,421 shares during the last quarter. Institutional investors and hedge funds own 62.65% of the company’s stock.

Shares of SSRM stock opened at $22.98 on Friday. SSR Mining Inc. has a 12-month low of $14.19 and a 12-month high of $24.58. The company has a current ratio of 5.64, a quick ratio of 4.27 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average price is $21.34 and its 200-day moving average price is $18.56. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 6.30 and a beta of 0.97.

SSR Mining (NASDAQ:SSRMGet Rating) (TSE:SSO) last issued its quarterly earnings data on Wednesday, February 23rd. The basic materials company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). SSR Mining had a return on equity of 9.75% and a net margin of 19.78%. The company had revenue of $407.92 million for the quarter, compared to the consensus estimate of $387.62 million. During the same period in the previous year, the firm earned $0.50 earnings per share. As a group, research analysts predict that SSR Mining Inc. will post 1.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 4th. Investors of record on Monday, March 7th were issued a $0.07 dividend. This is a positive change from SSR Mining’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, March 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.22%. SSR Mining’s payout ratio is presently 21.21%.

In other SSR Mining news, CFO Alison Lynn White sold 4,223 shares of the company’s stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $22.07, for a total transaction of $93,201.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Several equities analysts recently weighed in on SSRM shares. StockNews.com started coverage on SSR Mining in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, February 4th. Scotiabank lifted their target price on SSR Mining from C$31.00 to C$33.50 in a research report on Tuesday. National Bank Financial lifted their target price on SSR Mining from C$30.00 to C$33.00 in a research report on Wednesday. Finally, Canaccord Genuity Group lifted their target price on SSR Mining from C$27.00 to C$29.00 in a research report on Friday, February 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SSR Mining has a consensus rating of “Hold” and a consensus price target of $28.93.

SSR Mining Company Profile (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 Ãöpler 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.

See Also

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Institutional Ownership by Quarter for SSR Mining (NASDAQ:SSRM)

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