Cormark Brokers Lower Earnings Estimates for SSR Mining

SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Analysts at Cormark reduced their Q1 2025 EPS estimates for shares of SSR Mining in a research report issued to clients and investors on Tuesday, April 1st. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.19 per share for the quarter, down from their previous forecast of $0.27. The consensus estimate for SSR Mining's current full-year earnings is $0.73 per share. Cormark also issued estimates for SSR Mining's Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.18 EPS and Q4 2025 earnings at $0.26 EPS.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). The company had revenue of $323.19 million for the quarter, compared to analysts' expectations of $262.20 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%.

SSRM has been the topic of a number of other research reports. Royal Bank of Canada upgraded shares of SSR Mining from an "underperform" rating to a "sector perform" rating and raised their target price for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. CIBC lifted their price objective 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. UBS Group raised their price target on SSR Mining from $7.15 to $12.05 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, StockNews.com raised shares of SSR Mining from a "sell" rating to a "hold" rating in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, SSR Mining has a consensus rating of "Hold" and a consensus target price of $9.93.

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SSR Mining Trading Up 0.8 %

Shares of NASDAQ SSRM traded up $0.08 during midday trading on Wednesday, reaching $10.08. 3,109,558 shares of the stock were exchanged, compared to its average volume of 2,791,966. The stock has a 50 day moving average price of $9.77 and a 200-day moving average price of $7.57. 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 company has a market capitalization of $2.04 billion, a P/E ratio of -7.81, a P/E/G ratio of 0.37 and a beta of 0.53. SSR Mining has a 52-week low of $4.32 and a 52-week high of $11.48.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. US Bancorp DE increased its stake in SSR Mining by 62.4% during the fourth quarter. US Bancorp DE now owns 3,540 shares of the basic materials company's stock worth $25,000 after acquiring an additional 1,360 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in SSR Mining during the 4th quarter worth approximately $29,000. Allianz SE purchased a new position in SSR Mining in the fourth quarter valued at approximately $30,000. Point72 DIFC Ltd acquired a new position in SSR Mining during the third quarter valued at approximately $47,000. Finally, Lincoln Capital LLC purchased a new stake in SSR Mining during the fourth quarter worth approximately $70,000. 68.30% of the stock is owned by hedge funds and other institutional investors.

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.