Cormark Has Negative Outlook of SSR Mining FY2025 Earnings

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Analysts at Cormark cut their FY2025 earnings estimates for SSR Mining in a research report issued to clients and investors on Tuesday, April 1st. Cormark analyst R. Gray now expects that the basic materials company will earn $0.83 per share for the year, down from their previous estimate of $1.09. The consensus estimate for SSR Mining’s current full-year earnings is $0.73 per share. Cormark also issued estimates for SSR Mining’s FY2026 earnings at $1.31 EPS.

Several other analysts also recently commented on the stock. UBS Group increased their target price 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. StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, January 17th. CIBC raised their target price on SSR Mining from $8.25 to $9.75 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. National Bank Financial upgraded shares of SSR Mining to a “hold” rating in a research report on Friday, March 21st. Finally, Royal Bank of Canada raised shares of SSR Mining from an “underperform” rating to a “sector perform” rating and lifted their price objective for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.93.

SSR Mining Stock Up 0.1 %

Shares of NASDAQ:SSRM opened at $10.00 on Thursday. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of -7.75, a PEG ratio of 0.37 and a beta of 0.53. The business’s 50 day moving average is $9.73 and its 200 day moving average is $7.56. SSR Mining has a 12-month low of $4.32 and a 12-month high of $11.48. 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 (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $323.19 million during 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%.

Hedge Funds Weigh In On SSR Mining

A number of large investors have recently made changes to their positions in SSRM. Intech Investment Management LLC bought a new stake in SSR Mining during the third quarter worth about $261,000. Charles Schwab Investment Management Inc. lifted its stake in shares of SSR Mining by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,327,251 shares of the basic materials company’s stock valued at $7,542,000 after purchasing an additional 75,563 shares during the period. Quantbot Technologies LP boosted its holdings in shares of SSR Mining by 27.1% during the 3rd quarter. Quantbot Technologies LP now owns 66,730 shares of the basic materials company’s stock valued at $379,000 after buying an additional 14,223 shares in the last quarter. Townsquare Capital LLC bought a new position in shares of SSR Mining during the third quarter valued at approximately $139,000. Finally, MetLife Investment Management LLC increased its holdings in shares of SSR Mining by 129.1% during the third quarter. MetLife Investment Management LLC now owns 118,642 shares of the basic materials company’s stock valued at $674,000 after acquiring an additional 66,850 shares in the last quarter. 68.30% of the stock is owned by institutional investors.

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.