SSR Mining FY2024 EPS Raised by National Bank Financial

SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Analysts at National Bank Financial upped their FY2024 EPS estimates for SSR Mining in a research note issued on Tuesday, November 12th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will post earnings per share of $0.45 for the year, up from their prior forecast of $0.33. The consensus estimate for SSR Mining's current full-year earnings is $0.33 per share. National Bank Financial also issued estimates for SSR Mining's FY2025 earnings at $0.82 EPS and FY2026 earnings at $1.62 EPS.

Separately, UBS Group raised their price target on shares of SSR Mining from $6.30 to $6.80 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $7.01.

SSR Mining Stock Performance

Shares of NASDAQ:SSRM remained flat at $5.51 during trading hours on Friday. 2,011,603 shares of the company's stock traded hands, compared to its average volume of 3,486,990. The firm has a fifty day moving average price of $5.84 and a two-hundred day moving average price of $5.35. SSR Mining has a 12 month low of $3.76 and a 12 month high of $12.04. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -2.31, a price-to-earnings-growth ratio of 0.91 and a beta of 0.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97.

Hedge Funds Weigh In On SSR Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in SSR Mining in the 2nd quarter worth approximately $32,000. Abich Financial Wealth Management LLC acquired a new position in SSR Mining in the 1st quarter worth approximately $41,000. Quarry LP boosted its stake in SSR Mining by 119.7% in the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company's stock worth $47,000 after purchasing an additional 5,649 shares during the period. Point72 DIFC Ltd acquired a new position in SSR Mining in the 3rd quarter worth approximately $47,000. Finally, HB Wealth Management LLC acquired a new position in SSR Mining in the 2nd quarter worth approximately $56,000. Institutional investors and hedge funds own 68.30% of the company's stock.

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.