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The COO of SSR Mining Inc. (NASDAQ:SSRM) sells $76,464.00 in stock.

On Monday, October 10, 5,400 shares of Ssr Mining Inc. (NASDAQ: SSRM) (TSE: SSO) stock were sold by Steward John Beckman, who serves as Chief Operating Officer of the company. A total of $76,464.00 worth of the stock was traded at an average price per share of $14.16, resulting in revenue generation. After the transaction was finalized, the chief operating officer became the new owner of 135,605 shares of the company. The total value of these shares is $1,920,166.80. The transaction was disclosed to the public through a filing that was made with the SEC, which can be located on the website of the SEC.

A recent transaction or transactions in which Steward John Beckman was involved is described below.
During trading on Tuesday, SSRM experienced a price decrease of $0.29, which brought the current price to $13.91. The total number of shares that changed hands was 1,516,806, which is significantly lower than the average volume of the stock, which is 2,129,266 shares. The quick ratio is 5.17, the current ratio is 7.10, and the debt-to-equity ratio is 0.09. These are the values for each of these ratios, respectively. The company has a P/E ratio currently sitting at 9.80, a P/E/G ratio currently sitting at 5.14, and a beta currently sitting at 0.85. The market capitalization of the company is currently sitting at $2.87 billion at this time. The simple moving average for the past 200 days of the company’s stock price is $17.85, and the simple moving average for the past fifty days is $14.46. SSR Mining Inc. reached its all-time high of $24.58 in the past year, while the company hit its all-time low of $12.86 in the same period.

On the second Tuesday of August, which was also the month in which they were reported, SSR Mining (NASDAQ: SSRM) (TSE: SSO) made their financial results public. The company that deals in basic materials reported earnings per share for the quarter of $0.30, which was $0.08 higher than the consensus estimate of $0.22. The company’s revenue for the quarter was also $0.30 million. During the period under consideration, the company generated total revenue of 319.58 million dollars. The return on equity for SSR Mining was 7.82 percent, while the net margin for the company was 22.10 percent. According to projections made by industry analysts, SSR Mining Inc. is expected to have $0.94 per share earnings for the current fiscal year. In addition, analystsIn addition, analysts in the business world have predicted that SSR Mining Inc. will do the following:

In addition, the business just recently declared and paid out a quarterly dividend on September 6, which was carried out in this manner. Finally, on August 12, a dividend payment of $0.07 was made to shareholders who were recorded as owning the company. Compounding this results in a dividend payment of $0.28 per year and a dividend yield of 2.01% every quarter. Thursday, August 11, was the last day dividends were distributed to shareholders before they were discontinued. SSR Mining’s dividend payout ratio (also known as DPR) currently stands at 19.72%.

Recent events have caused several large investors to make adjustments to the amount of the company’s stock that they currently own, which brings us to the following sentence: Cullen Frost Bankers Inc. spent approximately $33,000 to purchase a new stake in SSR Mining during the first three months of 2018 when the company was just getting started in 2018. During the second quarter, CoreCap Advisors LLC initiated a new position in SSR Mining by investing approximately $25,000 in the business. An investment of approximately $28,000 was made in SSR Mining by Twin Tree Management LP during the second quarter of the year. This transaction’s total amount occurred in the second quarter of the year. American International Group, Inc. invested approximately $37,000 to establish a new position in SSR Mining during the second quarter of the fiscal year. Finally, rational Advisors LLC increased the percentage of SSR Mining in which it is invested by 54.9% over the year’s first three months. After making a new purchase of 791 shares, Rational Advisors LLC now has 2,232 shares of the basic materials company’s stock, currently valued at $49,000. This is because the company made a new purchase during the period. Hedge funds and other institutional investors hold 57.70% of the company’s market capitalization.

Various research organizations have shown an increased interest in SSRM over the past few months. For example, in a report made public on Thursday, July 21, National Bank Financial stated that the price objective they set for SSR Mining had decreased from C$32.50 to C$27.50. The report was made public by National Bank Financial. In addition, BMO Capital Markets reduced the target price for SSR Mining in a research note released on Friday, September 23. The new target price is $25.00, down from the previous price of $26.00.
Additionally, an “outperform” rating was bestowed upon the company’s stock by the company. TheStreet downgraded SSR Mining from a rating of “b-” to a rating of “c+” in a report published on Tuesday, August 30. Three separate financial analysts have given the company a recommendation to purchase the company’s stock, while only two of those analysts have recommended that investors hold on to their shares. According to Bloomberg, the current consensus recommendation for SSR Mining is “Moderate Buy,” and the price objective for the company has been set at $30.36 on average. These pieces of information can be found in the article linked above.

The post The COO of SSR Mining Inc. (NASDAQ:SSRM) sells $76,464.00 in stock. appeared first on Best Stocks.



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The COO of SSR Mining Inc. (NASDAQ:SSRM) sells $76,464.00 in stock.

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