Cormark Forecasts SSR Mining’s Q1 Earnings (NASDAQ:SSRM)

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Analysts at Cormark reduced their Q1 2025 earnings per share estimates for shares of SSR Mining in a research report issued to clients and investors on Tuesday, April 22nd. Cormark analyst R. Gray now expects that the basic materials company will earn ($0.02) per share for the quarter, down from their prior estimate of $0.19. Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for SSR Mining’s current full-year earnings is $0.73 per share.

Several other brokerages have also issued reports on SSRM. National Bank Financial upgraded SSR Mining to a “hold” rating in a report on Friday, March 21st. UBS Group boosted their price target on shares of SSR Mining from $12.10 to $12.35 and gave the company a “buy” rating in a research note on Friday, April 11th. Royal Bank of Canada raised shares of SSR Mining from an “underperform” rating to a “sector perform” rating and raised their price objective for the company from $5.50 to $8.00 in a research note on Wednesday, February 5th. CIBC boosted their target price on shares of SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Finally, StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, SSR Mining has a consensus rating of “Hold” and an average price target of $10.03.

SSR Mining Price Performance

SSRM stock opened at $10.30 on Thursday. SSR Mining has a 1 year low of $4.32 and a 1 year high of $11.48. The stock has a market capitalization of $2.09 billion, a PE ratio of -7.98, a price-to-earnings-growth ratio of 0.37 and a beta of 0.30. The company’s 50-day moving average is $10.32 and its 200-day moving average is $8.07. 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 (NASDAQ:SSRM) (TSE:SSO) last issued its earnings results on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. The company had revenue of $323.19 million for the quarter, compared to the consensus estimate of $262.20 million.

Institutional Trading of SSR Mining

Several institutional investors have recently made changes to their positions in SSRM. Vanguard Group Inc. lifted its position in shares of SSR Mining by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,346,480 shares of the basic materials company’s stock valued at $72,216,000 after purchasing an additional 71,364 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of SSR Mining by 21.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,079,816 shares of the basic materials company’s stock worth $70,265,000 after buying an additional 1,802,821 shares in the last quarter. Cibc World Market Inc. grew its holdings in shares of SSR Mining by 22.1% in the fourth quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company’s stock valued at $25,967,000 after acquiring an additional 674,793 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of SSR Mining by 53.9% in the fourth quarter. Federated Hermes Inc. now owns 3,671,138 shares of the basic materials company’s stock valued at $25,551,000 after acquiring an additional 1,285,347 shares in the last quarter. Finally, Tidal Investments LLC increased its position in shares of SSR Mining by 14.7% during the fourth quarter. Tidal Investments LLC now owns 3,174,367 shares of the basic materials company’s stock valued at $22,094,000 after acquiring an additional 407,920 shares during the last quarter. Institutional investors own 68.30% of the company’s stock.

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.