Equities analysts forecast that SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) will announce $0.02 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for SSR Mining’s earnings, with the lowest EPS estimate coming in at ($0.01) and the highest estimate coming in at $0.02. SSR Mining also posted earnings of $0.02 per share in the same quarter last year. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, February 21st.
On average, analysts expect that SSR Mining will report full year earnings of $0.24 per share for the current fiscal year, with EPS estimates ranging from $0.22 to $0.26. For the next fiscal year, analysts forecast that the business will report earnings of $0.26 per share, with EPS estimates ranging from $0.21 to $0.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover SSR Mining.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its earnings results on Thursday, November 8th. The basic materials company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.06. SSR Mining had a return on equity of 3.14% and a net margin of 6.12%. The business had revenue of $115.03 million during the quarter, compared to analyst estimates of $113.00 million. During the same quarter in the previous year, the firm earned $0.04 EPS. SSR Mining’s revenue was up 8.5% on a year-over-year basis.
A number of equities analysts have weighed in on the company. Zacks Investment Research raised SSR Mining from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Friday, October 19th. BidaskClub raised shares of SSR Mining from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. TheStreet raised shares of SSR Mining from a “c” rating to a “b-” rating in a research report on Monday, November 12th. Finally, CIBC reaffirmed an “average” rating and set a $16.25 price target on shares of SSR Mining in a research report on Monday, January 21st. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $14.71.
Shares of NASDAQ:SSRM opened at $13.97 on Friday. SSR Mining has a fifty-two week low of $7.64 and a fifty-two week high of $14.00. The company has a quick ratio of 6.29, a current ratio of 8.91 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 41.09 and a beta of -0.34.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Exane Derivatives grew its stake in shares of SSR Mining by 3.7% during the 4th quarter. Exane Derivatives now owns 110,493 shares of the basic materials company’s stock valued at $1,336,000 after acquiring an additional 3,926 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of SSR Mining by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 333,307 shares of the basic materials company’s stock valued at $2,903,000 after acquiring an additional 4,745 shares during the period. Sigma Planning Corp grew its stake in shares of SSR Mining by 29.2% during the 4th quarter. Sigma Planning Corp now owns 25,638 shares of the basic materials company’s stock valued at $310,000 after acquiring an additional 5,787 shares during the period. Raymond James & Associates grew its stake in shares of SSR Mining by 36.6% during the 2nd quarter. Raymond James & Associates now owns 23,536 shares of the basic materials company’s stock valued at $232,000 after acquiring an additional 6,300 shares during the period. Finally, PCJ Investment Counsel Ltd. grew its stake in shares of SSR Mining by 14.7% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 82,750 shares of the basic materials company’s stock valued at $719,000 after acquiring an additional 10,620 shares during the period. 48.21% of the stock is owned by hedge funds and other institutional investors.
About SSR Mining
SSR Mining Inc engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include the Marigold mine located in Humboldt County, Nevada, the United States; and the Seabee Gold Operation located in Saskatchewan, Canada.
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