SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Equities research analysts at Desjardins issued their Q1 2024 earnings per share estimates for SSR Mining in a research note issued on Tuesday, April 23rd. Desjardins analyst J. Egilo forecasts that the basic materials company will post earnings of ($0.04) per share for the quarter. Desjardins currently has a "Hold" rating on the stock. The consensus estimate for SSR Mining's current full-year earnings is $0.18 per share.
SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced its earnings results on Tuesday, February 27th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.23. SSR Mining had a positive return on equity of 6.27% and a negative net margin of 6.87%. The business had revenue of $425.90 million for the quarter. During the same period in the previous year, the firm posted $0.12 earnings per share.
Several other analysts have also weighed in on SSRM. TheStreet lowered SSR Mining from a "c" rating to a "d" rating in a report on Wednesday, February 28th. National Bank Financial reissued a "sector perform spec overwgt" rating on shares of SSR Mining in a report on Monday, April 8th. TD Securities lowered SSR Mining from a "buy" rating to a "hold" rating in a report on Wednesday, February 14th. UBS Group lowered SSR Mining from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $17.00 to $5.00 in a report on Thursday, February 22nd. Finally, Royal Bank of Canada reissued an "underperform" rating and issued a $3.00 price objective (down from $6.00) on shares of SSR Mining in a report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $6.63.
Check Out Our Latest Research Report on SSR Mining
SSR Mining Stock Up 0.9 %
Shares of NASDAQ SSRM traded up $0.05 during midday trading on Thursday, reaching $5.52. 3,836,567 shares of the company's stock were exchanged, compared to its average volume of 4,763,376. SSR Mining has a 52-week low of $3.76 and a 52-week high of $17.72. The stock has a market capitalization of $1.11 billion, a PE ratio of -10.82, a price-to-earnings-growth ratio of 1.65 and a beta of 0.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.99 and a current ratio of 7.01. The business's fifty day moving average price is $4.62 and its two-hundred day moving average price is $8.87.
Hedge Funds Weigh In On SSR Mining
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Creekmur Asset Management LLC acquired a new position in shares of SSR Mining during the fourth quarter worth approximately $40,000. CWM LLC boosted its position in shares of SSR Mining by 178.5% during the first quarter. CWM LLC now owns 6,126 shares of the basic materials company's stock worth $27,000 after buying an additional 3,926 shares during the period. International Assets Investment Management LLC acquired a new position in shares of SSR Mining during the fourth quarter worth approximately $111,000. Headlands Technologies LLC acquired a new position in shares of SSR Mining during the fourth quarter worth approximately $120,000. Finally, Private Advisor Group LLC acquired a new position in shares of SSR Mining during the fourth quarter worth approximately $127,000. 68.30% of the stock is currently owned by institutional investors and hedge funds.
About SSR Mining
(
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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.
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