Analysts Issue Forecasts for SSR Mining Q3 Earnings

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of SSR Mining in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin forecasts that the basic materials company will earn $0.16 per share for the quarter. The consensus estimate for SSR Mining’s current full-year earnings is $0.44 per share.

Several other analysts also recently commented on the company. UBS Group upped their price objective on SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research note on Tuesday, October 15th. CIBC increased their target price on SSR Mining from $5.50 to $5.75 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.01.

SSR Mining Stock Down 1.1 %

SSRM opened at $6.46 on Thursday. The business has a 50 day moving average price of $5.61 and a two-hundred day moving average price of $5.28. The company has a quick ratio of 1.78, a current ratio of 3.54 and a debt-to-equity ratio of 0.08. SSR Mining has a 52 week low of $3.76 and a 52 week high of $14.52.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $184.84 million during the quarter. SSR Mining had a positive return on equity of 5.01% and a negative net margin of 39.15%.

Institutional Investors Weigh In On SSR Mining

A number of institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in SSR Mining during the second quarter worth $32,000. Abich Financial Wealth Management LLC acquired a new position in SSR Mining during the first quarter worth $41,000. Quarry LP raised its holdings in SSR Mining by 119.7% during the second quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 5,649 shares during the last quarter. HB Wealth Management LLC acquired a new position in SSR Mining during the second quarter worth $56,000. Finally, SeaCrest Wealth Management LLC acquired a new position in SSR Mining during the third quarter worth $57,000. Institutional investors and hedge funds 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.