National Bank Financial Estimates SSR Mining FY2024 Earnings

SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - National Bank Financial dropped their FY2024 EPS estimates for SSR Mining in a report released on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings of $0.33 per share for the year, down from their previous forecast of $0.58. The consensus estimate for SSR Mining's current full-year earnings is $0.44 per share. National Bank Financial also issued estimates for SSR Mining's FY2025 earnings at $0.52 EPS.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $184.84 million during the quarter. SSR Mining had a positive return on equity of 5.01% and a negative net margin of 39.15%.

Other analysts have also issued research reports about the stock. UBS Group upped their target price on shares of SSR Mining from $6.30 to $6.80 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. CIBC increased their price objective on shares of SSR Mining from $5.50 to $5.75 and gave the company a "neutral" rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $7.01.

SSR Mining Stock Down 4.1 %

NASDAQ SSRM traded down $0.26 on Friday, reaching $6.15. The company had a trading volume of 2,246,665 shares, compared to its average volume of 3,539,113. The company has a quick ratio of 1.78, a current ratio of 3.54 and a debt-to-equity ratio of 0.08. The company's fifty day moving average is $5.66 and its 200 day moving average is $5.29. SSR Mining has a 52-week low of $3.76 and a 52-week high of $14.32. The stock has a market capitalization of $1.24 billion, a P/E ratio of -2.59, a P/E/G ratio of 0.83 and a beta of 0.73.

Institutional Investors Weigh In On SSR Mining

Large investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in SSR Mining in the 2nd quarter worth about $32,000. Abich Financial Wealth Management LLC purchased a new position in shares of SSR Mining in the first quarter worth about $41,000. Quarry LP increased its stake in shares of SSR Mining by 119.7% in the second 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 in the last quarter. HB Wealth Management LLC bought a new stake in shares of SSR Mining in the second quarter valued at approximately $56,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of SSR Mining during the 3rd quarter valued at approximately $57,000. Hedge funds and other institutional investors 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.