SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Research analysts at National Bank Financial lowered their FY2024 earnings estimates for SSR Mining in a report released on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings per share of $0.39 for the year, down from their previous estimate of $0.45. The consensus estimate for SSR Mining's current full-year earnings is $0.34 per share. National Bank Financial also issued estimates for SSR Mining's Q4 2024 earnings at $0.21 EPS.
SSRM has been the subject 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 lifted their price target for the stock from $5.50 to $8.00 in a research note on Wednesday, February 5th. StockNews.com upgraded shares of SSR Mining from a "sell" rating to a "hold" rating in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $6.85.
Read Our Latest Stock Report on SSR Mining
SSR Mining Stock Down 2.1 %
Shares of NASDAQ SSRM traded down $0.20 during trading on Wednesday, reaching $9.14. 2,573,015 shares of the stock were exchanged, compared to its average volume of 2,395,336. The company has a quick ratio of 1.97, a current ratio of 3.91 and a debt-to-equity ratio of 0.08. The business's 50-day moving average price is $7.66 and its 200 day moving average price is $6.31. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -3.82 and a beta of 0.62. SSR Mining has a twelve month low of $3.90 and a twelve month high of $9.60.
Institutional Trading of SSR Mining
Institutional investors have recently added to or reduced their stakes in the business. 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 valued at $25,000 after purchasing an additional 1,360 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in SSR Mining during the fourth quarter valued at $29,000. Allianz SE bought a new stake in SSR Mining during the fourth quarter valued at $30,000. Point72 DIFC Ltd bought a new stake in SSR Mining during the third quarter valued at $47,000. Finally, SeaCrest Wealth Management LLC bought a new stake in SSR Mining during the third quarter valued at $57,000. Institutional investors own 68.30% of the company's stock.
SSR Mining Company Profile
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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.
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