Cormark Predicts SSR Mining's Q1 Earnings (NASDAQ:SSRM)

SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Equities researchers at Cormark decreased their Q1 2025 earnings per share (EPS) estimates for SSR Mining in a research note issued to investors on Tuesday, April 22nd. Cormark analyst R. Gray now forecasts that the basic materials company will earn ($0.02) per share for the quarter, down from their previous forecast of $0.19. Cormark has a "Moderate Buy" rating on the stock. The consensus estimate for SSR Mining's current full-year earnings is $0.73 per share.

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

Several other research analysts have also recently issued reports on the stock. UBS Group upped their target price on shares of SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a report on Friday, April 11th. CIBC upped their price objective on shares of SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and lifted their target price for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. National Bankshares reissued a "sector perform" rating on shares of SSR Mining in a research report on Wednesday. Finally, StockNews.com raised SSR Mining from a "sell" rating to a "hold" rating in a research report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, SSR Mining has a consensus rating of "Hold" and an average target price of $10.03.

SSR Mining Stock Down 0.5 %

SSR Mining stock traded down $0.05 during mid-day trading on Thursday, hitting $10.25. The company had a trading volume of 1,675,611 shares, compared to its average volume of 2,699,702. The company has a quick ratio of 1.97, a current ratio of 4.70 and a debt-to-equity ratio of 0.08. SSR Mining has a 1 year low of $4.32 and a 1 year high of $11.48. The business has a fifty day moving average of $10.34 and a 200 day moving average of $8.11. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -7.95, a PEG ratio of 0.37 and a beta of 0.30.

Institutional Investors Weigh In On SSR Mining

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in SSR Mining by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company's stock valued at $8,794,000 after acquiring an additional 220,349 shares during the period. American Century Companies Inc. grew its stake in shares of SSR Mining by 99.3% in the 4th quarter. American Century Companies Inc. now owns 506,331 shares of the basic materials company's stock valued at $3,528,000 after purchasing an additional 252,293 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of SSR Mining by 649.6% in the third quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company's stock valued at $847,000 after purchasing an additional 127,401 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of SSR Mining by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,378,659 shares of the basic materials company's stock worth $9,614,000 after purchasing an additional 51,408 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of SSR Mining by 36.1% during the fourth quarter. Sei Investments Co. now owns 253,733 shares of the basic materials company's stock worth $1,766,000 after purchasing an additional 67,369 shares during the period. 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.