Equities analysts expect SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) to post earnings per share (EPS) of ($0.02) for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for SSR Mining’s earnings. SSR Mining posted earnings of $0.17 per share during the same quarter last year, which indicates a negative year over year growth rate of 111.8%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that SSR Mining will report full-year earnings of $0.22 per share for the current fiscal year, with EPS estimates ranging from $0.21 to $0.23. For the next financial year, analysts anticipate that the business will report earnings of $0.48 per share, with EPS estimates ranging from $0.38 to $0.57. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow SSR Mining.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). The business had revenue of $107.88 million for the quarter, compared to analysts’ expectations of $113.00 million. SSR Mining had a return on equity of 4.04% and a net margin of 15.76%. The company’s quarterly revenue was down 15.3% compared to the same quarter last year.
Several research firms have recently weighed in on SSRM. BidaskClub upgraded SSR Mining from a “sell” rating to a “hold” rating in a research report on Thursday. Scotiabank raised their target price on SSR Mining from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Tuesday. Credit Suisse Group upgraded SSR Mining from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 16th. Zacks Investment Research upgraded SSR Mining from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, National Bank Financial restated an “outperform market weight” rating on shares of SSR Mining in a research report on Wednesday, December 13th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. SSR Mining currently has an average rating of “Hold” and a consensus target price of $12.38.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Koch Industries Inc. purchased a new position in SSR Mining during the fourth quarter worth approximately $116,000. Commerzbank Aktiengesellschaft FI purchased a new position in SSR Mining during the fourth quarter worth approximately $154,000. Raymond James & Associates lifted its position in SSR Mining by 45.5% during the fourth quarter. Raymond James & Associates now owns 19,336 shares of the basic materials company’s stock worth $170,000 after buying an additional 6,045 shares in the last quarter. Two Sigma Investments LP lifted its position in SSR Mining by 284.0% during the fourth quarter. Two Sigma Investments LP now owns 19,500 shares of the basic materials company’s stock worth $171,000 after buying an additional 30,100 shares in the last quarter. Finally, Invictus RG lifted its position in SSR Mining by 66.6% during the fourth quarter. Invictus RG now owns 25,264 shares of the basic materials company’s stock worth $222,000 after buying an additional 10,102 shares in the last quarter. Institutional investors and hedge funds own 47.20% of the company’s stock.
SSR Mining (SSRM) opened at $8.98 on Friday. The firm has a market capitalization of $1,098.09, a P/E ratio of 15.22 and a beta of -0.11. SSR Mining has a 1 year low of $7.64 and a 1 year high of $11.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 11.19 and a quick ratio of 8.63.
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SSR Mining Company Profile
SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.
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