National Bank Financial Comments on SSR Mining Inc.’s Q1 2022 Earnings (NASDAQ:SSRM)

SSR Mining Inc. (NASDAQ:SSRMGet Rating) (TSE:SSO) – Equities research analysts at National Bank Financial issued their Q1 2022 earnings estimates for shares of SSR Mining in a research report issued on Tuesday, April 19th. National Bank Financial analyst M. Parkin forecasts that the basic materials company will earn $0.26 per share for the quarter.

SSR Mining (NASDAQ:SSRMGet Rating) (TSE:SSO) last posted its quarterly earnings results on Wednesday, February 23rd. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). The firm had revenue of $407.92 million for the quarter, compared to analyst estimates of $387.62 million. SSR Mining had a return on equity of 9.75% and a net margin of 19.78%. During the same quarter in the prior year, the business posted $0.50 EPS.

Several other analysts have also issued reports on the stock. Canaccord Genuity Group increased their price target on shares of SSR Mining from C$27.00 to C$29.00 in a research report on Friday, February 25th. Scotiabank increased their price target on shares of SSR Mining from C$31.00 to C$33.50 in a research report on Tuesday. StockNews.com assumed coverage on shares of SSR Mining in a research note on Thursday, March 31st. They issued a “hold” rating for the company. TD Securities boosted their target price on shares of SSR Mining from C$29.00 to C$33.00 in a research note on Thursday, February 24th. Finally, Zacks Investment Research upgraded SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday, February 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $28.93.

NASDAQ SSRM opened at $24.42 on Thursday. The company has a current ratio of 5.64, a quick ratio of 4.27 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 6.30 and a beta of 0.97. The firm’s 50 day simple moving average is $21.23 and its 200 day simple moving average is $18.50. SSR Mining has a 1 year low of $14.19 and a 1 year high of $24.58.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 4th. Investors of record on Monday, March 7th were given a dividend of $0.07 per share. The ex-dividend date was Friday, March 4th. This represents a $0.28 dividend on an annualized basis and a yield of 1.15%. This is a positive change from SSR Mining’s previous quarterly dividend of $0.05. SSR Mining’s payout ratio is currently 21.21%.

In other SSR Mining news, CFO Alison Lynn White sold 4,223 shares of the company’s stock in a transaction dated Thursday, March 31st. The stock was sold at an average price of $22.07, for a total value of $93,201.61. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

A number of hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC increased its holdings in SSR Mining by 3.9% during the 3rd quarter. HighTower Advisors LLC now owns 16,352 shares of the basic materials company’s stock worth $239,000 after purchasing an additional 608 shares in the last quarter. Sigma Planning Corp increased its holdings in SSR Mining by 1.7% during the 4th quarter. Sigma Planning Corp now owns 39,809 shares of the basic materials company’s stock worth $705,000 after purchasing an additional 663 shares in the last quarter. Rational Advisors LLC increased its holdings in SSR Mining by 127.6% during the 4th quarter. Rational Advisors LLC now owns 1,441 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 808 shares in the last quarter. US Bancorp DE increased its holdings in SSR Mining by 60.1% during the 3rd quarter. US Bancorp DE now owns 2,631 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 988 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in SSR Mining during the 4th quarter worth approximately $27,000. 62.65% of the stock is currently owned by institutional investors and hedge funds.

About SSR Mining (Get Rating)

SSR Mining Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, copper, lead, and zinc deposits. Its projects include the Ãöpler Gold mine located in Erzincan, Turkey; the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.

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