FY2025 Earnings Estimate for SSR Mining Issued By Scotiabank

SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Analysts at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for shares of SSR Mining in a report 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 estimate of $0.93. The consensus estimate for SSR Mining's current full-year earnings is $0.73 per share.

SSRM has been the subject of several other reports. Cormark upgraded SSR Mining from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Wall Street Zen downgraded SSR Mining from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th. CIBC increased their target price on SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. National Bank Financial upgraded SSR Mining to a "hold" rating in a research report on Friday, March 21st. Finally, National Bankshares reiterated a "sector perform" rating on shares of SSR Mining in a research report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $10.03.

SSR Mining Price Performance

Shares of SSRM stock traded up $0.28 on Thursday, hitting $12.71. 3,289,037 shares of the company's stock were exchanged, compared to its average volume of 2,616,084. 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 12 month low of $4.32 and a 12 month high of $13.33. The stock has a market cap of $2.58 billion, a P/E ratio of -9.85, a price-to-earnings-growth ratio of 0.37 and a beta of -0.13. The company has a 50 day moving average of $11.12 and a 200 day moving average of $9.49.

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 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.21. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. The business had revenue of $303.43 million during the quarter, compared to the consensus estimate of $332.64 million.

Institutional Investors Weigh In On SSR Mining

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in SSR Mining by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,346,480 shares of the basic materials company's stock valued at $72,216,000 after acquiring an additional 71,364 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in SSR Mining by 21.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,079,816 shares of the basic materials company's stock worth $70,265,000 after acquiring an additional 1,802,821 shares during the period. Federated Hermes Inc. lifted its holdings in SSR Mining by 53.9% during the fourth quarter. Federated Hermes Inc. now owns 3,671,138 shares of the basic materials company's stock worth $25,551,000 after acquiring an additional 1,285,347 shares during the period. Tidal Investments LLC lifted its holdings in SSR Mining by 14.7% during the fourth quarter. Tidal Investments LLC now owns 3,174,367 shares of the basic materials company's stock worth $22,094,000 after acquiring an additional 407,920 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in SSR Mining by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,678,940 shares of the basic materials company's stock worth $18,652,000 after acquiring an additional 38,593 shares during the period. Institutional investors and hedge funds own 68.30% of the company's stock.

About SSR Mining

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.