Q1 Earnings Estimate for SSR Mining Issued By Cormark

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Investment analysts at Cormark issued their Q1 2025 earnings estimates for SSR Mining in a report issued on Thursday, February 20th. Cormark analyst R. Gray forecasts that the basic materials company will post earnings of $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) (TSE:SSO) last posted its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share 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 weighed in on the stock. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. CIBC boosted their price objective on shares of SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Royal Bank of Canada upgraded shares of SSR Mining from an “underperform” rating to a “sector perform” rating and upped their price target for the company from $5.50 to $8.00 in a research note on Wednesday, February 5th. Finally, UBS Group upped their price objective on shares of SSR Mining from $7.15 to $12.05 and gave the company a “buy” rating in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.93.

SSR Mining Trading Down 2.1 %

NASDAQ SSRM opened at $10.25 on Monday. The company’s 50-day moving average price is $8.01 and its 200-day moving average price is $6.58. The company has a current ratio of 4.70, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The stock has a market cap of $2.07 billion, a PE ratio of -7.95, a PEG ratio of 0.37 and a beta of 0.62. SSR Mining has a 12 month low of $3.90 and a 12 month high of $10.91.

Institutional Investors Weigh In On SSR Mining

Several hedge funds and other institutional investors have recently bought and sold shares of SSRM. JPMorgan Chase & Co. boosted its stake in SSR Mining by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company’s stock worth $8,794,000 after buying an additional 220,349 shares during the period. Two Sigma Advisers LP lifted its stake in SSR Mining by 16.2% in the third quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock worth $18,860,000 after acquiring an additional 462,000 shares during the last quarter. Franklin Resources Inc. lifted its stake in SSR Mining by 649.6% in the third quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company’s stock worth $847,000 after acquiring an additional 127,401 shares during the last quarter. Verition Fund Management LLC raised its holdings in SSR Mining by 177.5% during the third quarter. Verition Fund Management LLC now owns 105,763 shares of the basic materials company’s stock worth $601,000 after purchasing an additional 67,657 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in SSR Mining by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,327,251 shares of the basic materials company’s stock worth $7,542,000 after purchasing an additional 75,563 shares in the last quarter. 68.30% of the stock is currently 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.