Cormark Forecasts SSR Mining’s FY2025 Earnings (NASDAQ:SSRM)

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Research analysts at Cormark decreased their FY2025 earnings estimates for SSR Mining in a note issued to investors on Tuesday, April 1st. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.83 per share for the year, down from their prior estimate of $1.09. The consensus estimate for SSR Mining’s current full-year earnings is $0.73 per share. Cormark also issued estimates for SSR Mining’s FY2026 earnings at $1.31 EPS.

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

SSR Mining Stock Performance

Shares of SSRM opened at $9.09 on Thursday. The company has a current ratio of 4.70, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.84 billion, a PE ratio of -7.05, a P/E/G ratio of 0.37 and a beta of 0.53. SSR Mining has a 12 month low of $4.32 and a 12 month high of $11.48. The stock has a fifty day moving average price of $9.80 and a 200-day moving average price of $7.60.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $323.19 million for the quarter, compared to the consensus estimate of $262.20 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%.

Institutional Trading of SSR Mining

Several institutional investors and hedge funds have recently bought and sold shares of SSRM. The Manufacturers Life Insurance Company lifted its holdings in shares of SSR Mining by 0.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 241,415 shares of the basic materials company’s stock valued at $1,686,000 after buying an additional 1,200 shares during the period. Xponance Inc. raised its position in SSR Mining by 9.3% during the fourth quarter. Xponance Inc. now owns 14,387 shares of the basic materials company’s stock valued at $100,000 after acquiring an additional 1,222 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in SSR Mining by 0.5% in the fourth quarter. CIBC Asset Management Inc now owns 248,064 shares of the basic materials company’s stock valued at $1,729,000 after acquiring an additional 1,282 shares during the period. US Bancorp DE boosted its position in SSR Mining by 62.4% in the 4th quarter. US Bancorp DE now owns 3,540 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 1,360 shares in the last quarter. Finally, HB Wealth Management LLC grew its stake in shares of SSR Mining by 11.3% during the 4th quarter. HB Wealth Management LLC now owns 14,376 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 1,463 shares during the period. 68.30% of the stock is currently owned by institutional investors and hedge funds.

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.