FY2024 Earnings Forecast for SSR Mining Inc. (NASDAQ:SSRM) Issued By National Bank Financial

SSR Mining Inc. (NASDAQ:SSRMFree Report) (TSE:SSO) – Investment analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for SSR Mining in a note issued to investors on Sunday, June 9th. National Bank Financial analyst M. Parkin now expects that the basic materials company will post earnings of $0.36 per share for the year, up from their previous estimate of $0.35. National Bank Financial has a “Sector Perform Spec Overwgt” rating on the stock. The consensus estimate for SSR Mining’s current full-year earnings is $0.43 per share. National Bank Financial also issued estimates for SSR Mining’s FY2025 earnings at ($0.01) EPS.

Other research analysts also recently issued reports about the company. TheStreet downgraded SSR Mining from a “c” rating to a “d” rating in a report on Wednesday, February 28th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $3.00 price target (down from $6.00) on shares of SSR Mining in a report on Tuesday, February 20th. UBS Group downgraded SSR Mining from a “buy” rating to a “neutral” rating and lowered their price target for the company from $17.00 to $5.00 in a report on Thursday, February 22nd. Desjardins downgraded SSR Mining from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, StockNews.com raised SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, May 24th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.63.

Get Our Latest Stock Report on SSR Mining

SSR Mining Trading Down 4.1 %

SSR Mining stock opened at $4.74 on Wednesday. The company has a current ratio of 3.07, a quick ratio of 1.75 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $5.28 and its two-hundred day simple moving average is $7.07. SSR Mining has a 12 month low of $3.76 and a 12 month high of $15.27. The company has a market capitalization of $956.90 million, a price-to-earnings ratio of -2.29, a price-to-earnings-growth ratio of 0.68 and a beta of 0.79.

SSR Mining (NASDAQ:SSRMGet Free Report) (TSE:SSO) last released its earnings results on Wednesday, May 8th. The basic materials company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.13. SSR Mining had a positive return on equity of 6.37% and a negative net margin of 30.90%. The business had revenue of $230.23 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Barclays PLC increased its position in SSR Mining by 4.7% in the third quarter. Barclays PLC now owns 62,325 shares of the basic materials company’s stock worth $828,000 after buying an additional 2,781 shares in the last quarter. Creekmur Asset Management LLC purchased a new stake in SSR Mining in the fourth quarter worth about $40,000. CWM LLC increased its position in SSR Mining by 178.5% in the first quarter. CWM LLC now owns 6,126 shares of the basic materials company’s stock worth $27,000 after buying an additional 3,926 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in SSR Mining by 10.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,750 shares of the basic materials company’s stock worth $504,000 after buying an additional 4,502 shares in the last quarter. Finally, Penn Capital Management Company LLC increased its position in SSR Mining by 12.3% in the fourth quarter. Penn Capital Management Company LLC now owns 51,602 shares of the basic materials company’s stock worth $555,000 after buying an additional 5,639 shares in the last quarter. Institutional investors own 68.30% of the company’s stock.

About SSR Mining

(Get Free Report)

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.

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Earnings History and Estimates for SSR Mining (NASDAQ:SSRM)

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