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

SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Investment analysts at Cormark dropped their FY2025 earnings per share estimates for 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 earn $0.83 per share for the year, down from their prior forecast 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.

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

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SSR Mining Trading Down 9.8 %

Shares of SSRM stock traded down $0.99 during trading hours on Thursday, reaching $9.09. 3,336,108 shares of the stock were exchanged, compared to its average volume of 2,788,337. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of -7.05, a price-to-earnings-growth ratio of 0.37 and a beta of 0.53. SSR Mining has a 12-month low of $4.32 and a 12-month high of $11.48. The company's 50-day moving average price is $9.80 and its 200-day moving average price is $7.60. The company has a current ratio of 4.70, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08.

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 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 firm had revenue of $323.19 million for the quarter, compared to analysts' expectations of $262.20 million.

Institutional Investors Weigh In On SSR Mining

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