FY2025 EPS Estimates for SSR Mining Cut by Scotiabank

SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Equities researchers at Scotiabank reduced their FY2025 EPS estimates for SSR Mining in a research note issued on Monday, June 9th. Scotiabank analyst O. Habib now anticipates that the basic materials company will earn $0.91 per share for the year, down from their previous forecast of $0.93. The consensus estimate for SSR Mining's current full-year earnings is $0.73 per share.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.08 by $0.21. The business had revenue of $303.43 million for the quarter, compared to analyst estimates of $332.64 million. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%.

A number of other equities research analysts have also commented on the stock. Wall Street Zen lowered shares of SSR Mining from a "strong-buy" rating to a "buy" rating in a report on Friday, June 6th. National Bank Financial raised shares of SSR Mining to a "hold" rating in a research report on Friday, March 21st. National Bankshares reaffirmed a "sector perform" rating on shares of SSR Mining in a research report on Wednesday, April 23rd. UBS Group increased their price objective on shares of SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a research report on Friday, April 11th. Finally, CIBC increased their price objective on shares of SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, SSR Mining presently has an average rating of "Hold" and an average price target of $10.03.

SSR Mining Price Performance

SSRM stock traded up $0.05 during midday trading on Thursday, reaching $12.43. The company had a trading volume of 1,634,751 shares, compared to its average volume of 2,614,651. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. SSR Mining has a 1 year low of $4.32 and a 1 year high of $13.33. The company has a market capitalization of $2.52 billion, a P/E ratio of -9.64, a P/E/G ratio of 0.37 and a beta of -0.13. The firm has a 50-day moving average price of $10.99 and a 200-day moving average price of $9.34.

Institutional Investors Weigh In On SSR Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in SSR Mining by 23.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,918,258 shares of the basic materials company's stock worth $13,351,000 after acquiring an additional 370,006 shares during the period. Deutsche Bank AG raised its position in shares of SSR Mining by 23.5% during the fourth quarter. Deutsche Bank AG now owns 363,494 shares of the basic materials company's stock valued at $2,530,000 after buying an additional 69,124 shares during the last quarter. American Century Companies Inc. raised its position in shares of SSR Mining by 99.3% during the fourth quarter. American Century Companies Inc. now owns 506,331 shares of the basic materials company's stock valued at $3,528,000 after buying an additional 252,293 shares during the last quarter. RFG Advisory LLC bought a new stake in shares of SSR Mining during the first quarter valued at approximately $206,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of SSR Mining by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,378,659 shares of the basic materials company's stock valued at $9,614,000 after buying an additional 51,408 shares during the last quarter. Institutional investors own 68.30% of the company's stock.

SSR Mining Company Profile

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.