Cormark Analysts Decrease Earnings Estimates for SSR Mining

SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Analysts at Cormark reduced their Q1 2025 earnings per share (EPS) estimates for SSR Mining in a research report issued to clients and investors on Tuesday, April 22nd. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of ($0.02) per share for the quarter, down from their previous forecast of $0.19. Cormark has a "Moderate Buy" rating on the stock. 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 released its earnings results on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. The company had revenue of $323.19 million for the quarter, compared to analysts' expectations of $262.20 million.

Other analysts have also issued research reports about the stock. CIBC increased their price objective on shares of SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. UBS Group increased their price target on SSR Mining from $12.10 to $12.35 and gave the stock a "buy" rating in a research report on Friday, April 11th. Royal Bank of Canada raised SSR Mining from an "underperform" rating to a "sector perform" rating and boosted their price objective for the company from $5.50 to $8.00 in a report on Wednesday, February 5th. StockNews.com raised SSR Mining from a "sell" rating to a "hold" rating in a report on Friday, January 17th. Finally, National Bankshares reiterated a "sector perform" rating on shares of SSR Mining in a research report on Wednesday, April 23rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, SSR Mining has a consensus rating of "Hold" and an average price target of $10.03.

SSR Mining Stock Performance

Shares of SSRM stock traded down $0.14 during mid-day trading on Thursday, reaching $10.49. The stock had a trading volume of 1,568,801 shares, compared to its average volume of 2,693,380. SSR Mining has a 1-year low of $4.32 and a 1-year high of $11.48. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of -8.13, a PEG ratio of 0.37 and a beta of 0.30. The company has a current ratio of 4.70, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The business's fifty day moving average is $10.34 and its 200-day moving average is $8.17.

Institutional Trading of SSR Mining

Several institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC grew its stake in SSR Mining by 24.8% in the 3rd quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company's stock valued at $75,000 after acquiring an additional 2,619 shares during the period. Barclays PLC lifted its stake in SSR Mining by 33.8% in the 3rd quarter. Barclays PLC now owns 701,763 shares of the basic materials company's stock valued at $3,985,000 after buying an additional 177,447 shares in the last quarter. Virtu Financial LLC acquired a new stake in SSR Mining in the 3rd quarter worth about $334,000. Tidal Investments LLC increased its stake in SSR Mining by 6.4% during the 3rd quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company's stock worth $15,713,000 after buying an additional 166,130 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of SSR Mining by 649.6% during the third quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company's stock valued at $847,000 after acquiring an additional 127,401 shares during the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

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.