Brokers Offer Predictions for SSR Mining FY2025 Earnings

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Stock analysts at National Bank Financial lowered their FY2025 EPS estimates for shares of SSR Mining in a report issued on Wednesday, May 7th. National Bank Financial analyst D. Demarco now forecasts that the basic materials company will earn $1.28 per share for the year, down from their previous estimate of $1.30. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for SSR Mining’s current full-year earnings is $0.73 per share.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.21. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. The business had revenue of $303.43 million for the quarter, compared to the consensus estimate of $332.64 million.

SSRM has been the subject of a number of other research reports. StockNews.com upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Cormark raised SSR Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 22nd. UBS Group upped their target price on SSR Mining from $12.10 to $12.35 and gave the stock a “buy” rating in a research report on Friday, April 11th. CIBC lifted their price target 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. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $10.03.

SSR Mining Price Performance

NASDAQ SSRM opened at $11.61 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of -9.00, a price-to-earnings-growth ratio of 0.37 and a beta of -0.15. The company has a 50 day simple moving average of $10.44 and a 200-day simple moving average of $8.43. SSR Mining has a 52-week low of $4.32 and a 52-week high of $11.61.

Hedge Funds Weigh In On SSR Mining

A number of institutional investors have recently modified their holdings of the company. US Bancorp DE grew its stake in SSR Mining by 62.4% in the 4th quarter. US Bancorp DE now owns 3,540 shares of the basic materials company’s stock valued at $25,000 after buying an additional 1,360 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in SSR Mining during the 4th quarter valued at approximately $29,000. Allianz SE acquired a new stake in SSR Mining in the 4th quarter valued at approximately $30,000. Lincoln Capital LLC bought a new position in SSR Mining in the 4th quarter worth approximately $70,000. Finally, Olympiad Research LP acquired a new position in shares of SSR Mining during the fourth quarter worth approximately $94,000. Institutional investors own 68.30% of the company’s stock.

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.