National Bank Financial Estimates SSR Mining FY2024 Earnings

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – National Bank Financial reduced their FY2024 earnings estimates for SSR Mining in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the basic materials company will earn $0.39 per share for the year, down from their previous forecast of $0.45. The consensus estimate for SSR Mining’s current full-year earnings is $0.34 per share. National Bank Financial also issued estimates for SSR Mining’s Q4 2024 earnings at $0.21 EPS.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada raised SSR Mining from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Finally, UBS Group boosted their target price on shares of SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.85.

SSR Mining Stock Down 1.4 %

Shares of SSR Mining stock opened at $9.08 on Wednesday. SSR Mining has a twelve month low of $3.76 and a twelve month high of $9.82. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The business’s 50 day simple moving average is $7.46 and its 200-day simple moving average is $6.24.

Institutional Investors Weigh In On SSR Mining

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cibc World Market Inc. lifted its position in 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 worth $25,967,000 after purchasing an additional 674,793 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of SSR Mining by 16.2% in the third quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock valued at $18,860,000 after buying an additional 462,000 shares during the period. Public Employees Retirement System of Ohio boosted its stake in SSR Mining by 399.1% during the third quarter. Public Employees Retirement System of Ohio now owns 432,162 shares of the basic materials company’s stock valued at $2,455,000 after buying an additional 345,568 shares in the last quarter. American Century Companies Inc. grew its holdings in SSR Mining by 99.3% during the fourth quarter. American Century Companies Inc. now owns 506,331 shares of the basic materials company’s stock worth $3,528,000 after acquiring an additional 252,293 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in SSR Mining by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company’s stock worth $8,794,000 after acquiring an additional 220,349 shares during the period. 68.30% of the stock is currently owned by 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.