SSR Mining Inc. Forecasted to Post Q2 2024 Earnings of $0.03 Per Share (NASDAQ:SSRM)

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Research analysts at National Bank Financial issued their Q2 2024 earnings per share (EPS) estimates for shares of SSR Mining in a research note issued to investors on Tuesday, July 16th. National Bank Financial analyst M. Parkin expects that the basic materials company will post earnings per share of $0.03 for the quarter. 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 $0.46 per share.

Other research analysts have also issued reports about the company. StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, May 24th. CIBC boosted their price target on SSR Mining from $5.50 to $5.75 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.56.

SSR Mining Stock Down 0.7 %

NASDAQ:SSRM opened at $5.50 on Thursday. SSR Mining has a 12-month low of $3.76 and a 12-month high of $15.27. The company has a quick ratio of 1.75, a current ratio of 3.07 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.11 billion, a P/E ratio of -2.66, a P/E/G ratio of 0.68 and a beta of 0.72. The stock’s fifty day simple moving average is $5.02 and its 200-day simple moving average is $5.97.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its earnings results on Wednesday, May 8th. The basic materials company reported $0.11 EPS for the quarter, beating 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 company had revenue of $230.23 million during the quarter.

Institutional Investors Weigh In On SSR Mining

Large investors have recently added to or reduced their stakes in the stock. Creekmur Asset Management LLC acquired a new stake in SSR Mining during the fourth quarter worth approximately $40,000. CWM LLC grew its position in SSR Mining by 178.5% during 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. Abich Financial Wealth Management LLC acquired a new stake in SSR Mining during the first quarter worth approximately $41,000. International Assets Investment Management LLC acquired a new stake in SSR Mining during the fourth quarter worth approximately $111,000. Finally, Headlands Technologies LLC acquired a new stake in shares of SSR Mining in the 4th quarter valued at $120,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

About SSR Mining

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.