Cormark Issues Pessimistic Forecast for SSR Mining Earnings

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Stock analysts at Cormark lowered their FY2025 earnings per share (EPS) estimates for SSR Mining in a research note issued to investors on Tuesday, April 1st. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $0.83 per share for the year, down from their prior 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.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued 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 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%.

Several other research firms have also commented on SSRM. UBS Group boosted their price objective on shares of SSR Mining from $7.15 to $12.05 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. CIBC upped 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. Royal Bank of Canada raised SSR Mining from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. StockNews.com upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Finally, National Bank Financial raised SSR Mining to a “hold” rating in a report on Friday, March 21st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, SSR Mining currently has an average rating of “Hold” and a consensus target price of $9.93.

SSR Mining Stock Performance

SSRM stock opened at $10.00 on Thursday. The company has a market capitalization of $2.02 billion, a P/E ratio of -7.75, a PEG ratio of 0.37 and a beta of 0.53. The business has a 50-day moving average price of $9.73 and a 200 day moving average price of $7.56. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. SSR Mining has a 1-year low of $4.32 and a 1-year high of $11.48.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SSRM. US Bancorp DE lifted its stake in SSR Mining by 62.4% during the fourth quarter. US Bancorp DE now owns 3,540 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 1,360 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in SSR Mining during the fourth quarter worth about $29,000. Allianz SE acquired a new stake in shares of SSR Mining in the 4th quarter valued at approximately $30,000. Point72 DIFC Ltd acquired a new position in shares of SSR Mining during the 3rd quarter worth $47,000. Finally, Lincoln Capital LLC purchased a new stake in shares of SSR Mining during the 4th quarter worth approximately $70,000. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

SSR Mining Company Profile

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.