Cormark Predicts SSR Mining's FY2025 Earnings (NASDAQ:SSRM)

SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Stock analysts at Cormark dropped their FY2025 EPS estimates for shares of SSR Mining in a note issued to investors on Tuesday, April 1st. Cormark analyst R. Gray now expects that the basic materials company will post earnings of $0.83 per share for the year, down from their previous estimate of $1.09. The consensus estimate for SSR Mining's current full-year earnings is $0.73 per share. Cormark also issued estimates for SSR Mining's FY2026 earnings at $1.31 EPS.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last issued 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). The company had revenue of $323.19 million during 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%.

Other research analysts have also recently issued reports about the stock. StockNews.com raised shares of SSR Mining from a "sell" rating to a "hold" rating in a research report on Friday, January 17th. National Bank Financial upgraded shares of SSR Mining to a "hold" rating in a report on Friday, March 21st. Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and raised their target price for the company from $5.50 to $8.00 in a research note on Wednesday, February 5th. UBS Group lifted their target price on SSR Mining from $7.15 to $12.05 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, CIBC increased their price target on SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $9.93.

SSR Mining Stock Up 3.9 %

NASDAQ SSRM traded up $0.36 on Thursday, reaching $9.52. The company had a trading volume of 936,579 shares, compared to its average volume of 2,780,311. 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 1 year low of $4.32 and a 1 year high of $11.48. The firm has a 50-day moving average of $9.83 and a 200-day moving average of $7.65. The firm has a market capitalization of $1.93 billion, a PE ratio of -7.35, a P/E/G ratio of 0.37 and a beta of 0.30.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of SSR Mining by 21.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,079,816 shares of the basic materials company's stock valued at $70,265,000 after purchasing an additional 1,802,821 shares in the last quarter. Federated Hermes Inc. increased its holdings in SSR Mining by 53.9% in the fourth quarter. Federated Hermes Inc. now owns 3,671,138 shares of the basic materials company's stock valued at $25,551,000 after buying an additional 1,285,347 shares during the last quarter. Cibc World Market Inc. raised its stake in SSR Mining by 22.1% during the fourth quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company's stock valued at $25,967,000 after buying an additional 674,793 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in SSR Mining by 16.2% during the 3rd quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company's stock worth $18,860,000 after buying an additional 462,000 shares during the last quarter. Finally, Tidal Investments LLC grew its position in shares of SSR Mining by 14.7% in the 4th 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 in the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

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.