SSR Mining FY2026 EPS Cut by National Bank Financial

SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Stock analysts at National Bank Financial cut their FY2026 earnings per share estimates for SSR Mining in a research report issued to clients and investors on Wednesday, May 7th. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will post earnings per share of $2.46 for the year, down from their previous estimate of $2.57. National Bank Financial currently has a "Hold" rating on the stock. The consensus estimate for SSR Mining's current full-year earnings is $0.73 per share. National Bank Financial also issued estimates for SSR Mining's FY2027 earnings at $1.31 EPS.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $332.64 million.

A number of other equities analysts have also recently weighed in on SSRM. Royal Bank of Canada raised SSR Mining from an "underperform" rating to a "sector perform" rating and upped their price target for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. UBS Group upped their price target on SSR Mining from $12.10 to $12.35 and gave the stock a "buy" rating in a research note on Friday, April 11th. CIBC increased their price objective on SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. National Bankshares restated a "sector perform" rating on shares of SSR Mining in a research note on Wednesday, April 23rd. Finally, StockNews.com raised SSR Mining from a "hold" rating to a "buy" rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $10.03.

SSR Mining Stock Performance

Shares of SSRM stock traded down $0.20 on Monday, hitting $10.74. The company had a trading volume of 2,047,237 shares, compared to its average volume of 2,627,777. The firm has a market cap of $2.18 billion, a P/E ratio of -8.33, a price-to-earnings-growth ratio of 0.37 and a beta of -0.15. The company has a 50-day moving average price of $10.50 and a 200-day moving average price of $8.60. The company has a quick ratio of 1.97, a current ratio of 4.70 and a debt-to-equity ratio of 0.08. SSR Mining has a twelve month low of $4.32 and a twelve month high of $11.61.

Institutional Trading of SSR Mining

A number of institutional investors have recently added to or reduced their stakes in the business. Bleakley Financial Group LLC boosted its position in SSR Mining by 3.9% during the 1st quarter. Bleakley Financial Group LLC now owns 26,466 shares of the basic materials company's stock worth $265,000 after purchasing an additional 1,005 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in SSR Mining by 3.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,794 shares of the basic materials company's stock valued at $289,000 after buying an additional 1,089 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in SSR Mining by 0.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 241,415 shares of the basic materials company's stock valued at $1,686,000 after buying an additional 1,200 shares during the last quarter. Xponance Inc. boosted its position in SSR Mining by 9.3% in the 4th quarter. Xponance Inc. now owns 14,387 shares of the basic materials company's stock valued at $100,000 after buying an additional 1,222 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in SSR Mining by 0.5% in the 4th quarter. CIBC Asset Management Inc now owns 248,064 shares of the basic materials company's stock valued at $1,729,000 after buying an additional 1,282 shares during the last quarter. 68.30% of the stock is owned by hedge funds and other institutional investors.

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.