Equities Analysts Issue Forecasts for SSR Mining Q1 Earnings

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Stock analysts at Cormark issued their Q1 2025 earnings estimates for shares of SSR Mining in a research note issued to investors on Thursday, February 20th. Cormark analyst R. Gray anticipates 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 issued its earnings results on Tuesday, February 18th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $323.19 million for the quarter, compared to analysts’ expectations of $262.20 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%.

SSRM has been the topic of several other reports. Royal Bank of Canada upgraded shares of SSR Mining from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. 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 research note on Tuesday, February 18th. Finally, 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. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, SSR Mining currently has a consensus rating of “Hold” and a consensus target price of $9.93.

SSR Mining Price Performance

Shares of NASDAQ SSRM opened at $10.25 on Monday. The firm has a market capitalization of $2.07 billion, a P/E ratio of -7.95, a PEG ratio of 0.37 and a beta of 0.62. SSR Mining has a one year low of $3.90 and a one year high of $10.91. The company’s fifty day moving average is $8.01 and its two-hundred day moving average is $6.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 4.70.

Hedge Funds Weigh In On SSR Mining

A number of institutional investors and hedge funds have recently bought and sold shares of SSRM. Creative Planning boosted its stake in shares of SSR Mining by 26.0% during the 3rd quarter. Creative Planning now owns 76,805 shares of the basic materials company’s stock valued at $436,000 after buying an additional 15,870 shares during the last quarter. Blue Trust Inc. increased its position in SSR Mining by 2,017.8% in the third quarter. Blue Trust Inc. now owns 32,614 shares of the basic materials company’s stock worth $185,000 after buying an additional 31,074 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in SSR Mining in the third quarter worth $60,000. State of New Jersey Common Pension Fund D increased its position in SSR Mining by 92.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 31,587 shares of the basic materials company’s stock worth $179,000 after buying an additional 15,152 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in SSR Mining in the third quarter worth $572,000. Hedge funds and other 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.