What is Cormark's Forecast for SSR Mining Q1 Earnings?

SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Investment analysts at Cormark issued their Q1 2025 earnings per share estimates for SSR Mining in a research note issued on Thursday, February 20th. Cormark analyst R. Gray anticipates that the basic materials company will earn $0.27 per share for the quarter. The consensus estimate for SSR Mining's current full-year earnings is $0.73 per share. Cormark also issued estimates for SSR Mining's FY2025 earnings at $1.09 EPS and FY2026 earnings at $1.37 EPS.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). The firm had revenue of $323.19 million for the quarter, compared to the consensus estimate of $262.20 million. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%.

A number of other analysts have also issued reports on the company. StockNews.com upgraded SSR Mining from a "sell" rating to a "hold" rating in a report on Friday, January 17th. UBS Group increased their target price on SSR Mining from $7.15 to $12.05 and gave the company a "buy" rating in a report on Tuesday, February 18th. CIBC increased their target price on SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Finally, Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and increased their price objective for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, SSR Mining presently has an average rating of "Hold" and a consensus target price of $9.93.

SSR Mining Price Performance

Shares of SSRM traded down $0.39 during trading hours on Monday, hitting $10.10. 1,922,866 shares of the company were exchanged, compared to its average volume of 2,742,231. The firm has a fifty day simple moving average of $8.14 and a 200-day simple moving average of $6.64. The company has a market capitalization of $2.04 billion, a PE ratio of -7.83, a PEG ratio of 0.37 and a beta of 0.62. SSR Mining has a one year low of $3.90 and a one year high of $10.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97.

Hedge Funds Weigh In On SSR Mining

Hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its position 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 worth $25,000 after buying an additional 1,360 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of SSR Mining in the fourth quarter valued at about $29,000. Allianz SE acquired a new stake in shares of SSR Mining in the fourth quarter valued at about $30,000. Point72 DIFC Ltd acquired a new stake in SSR Mining during the third quarter worth about $47,000. Finally, Lincoln Capital LLC acquired a new stake in SSR Mining during the fourth quarter worth about $70,000. 68.30% of the stock is owned by institutional investors and hedge funds.

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.