What is Cormark’s Forecast for SSR Mining Q1 Earnings?

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Stock analysts at Cormark decreased their Q1 2025 earnings estimates for SSR Mining in a research report issued to clients and investors on Tuesday, April 1st. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.19 per share for the quarter, down from their previous estimate of $0.27. The consensus estimate for SSR Mining’s current full-year earnings is $0.73 per share. Cormark also issued estimates for SSR Mining’s Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.18 EPS and Q4 2025 earnings at $0.26 EPS.

A number of other equities analysts have also weighed in on the company. StockNews.com raised SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. UBS Group increased their price objective on shares of SSR Mining from $7.15 to $12.05 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Royal Bank of Canada raised shares of SSR Mining from an “underperform” rating to a “sector perform” rating and lifted their target price for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. National Bank Financial raised SSR Mining to a “hold” rating in a report on Friday, March 21st. Finally, CIBC raised their price target on SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.93.

SSR Mining Stock Up 0.8 %

SSRM stock opened at $10.08 on Wednesday. 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 has a 1-year low of $4.32 and a 1-year high of $11.48. The stock has a market capitalization of $2.04 billion, a P/E ratio of -7.81, a P/E/G ratio of 0.37 and a beta of 0.53. The business has a fifty day moving average price of $9.77 and a 200-day moving average price of $7.57.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $323.19 million during the quarter, compared to analysts’ expectations of $262.20 million.

Institutional Trading of SSR Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE grew its position in shares of SSR Mining by 62.4% during the 4th quarter. US Bancorp DE now owns 3,540 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 1,360 shares during the period. SBI Securities Co. Ltd. purchased a new position in SSR Mining during the fourth quarter valued at $29,000. Allianz SE purchased a new position in SSR Mining during the fourth quarter valued at $30,000. Point72 DIFC Ltd bought a new stake in SSR Mining during the third quarter valued at about $47,000. Finally, Lincoln Capital LLC purchased a new stake in SSR Mining in the fourth quarter worth about $70,000. 68.30% of the stock is owned by hedge funds and other institutional investors.

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.