SSR Mining FY2024 EPS Lifted by National Bank Financial

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Stock analysts at National Bank Financial raised their FY2024 earnings per share estimates for SSR Mining in a report released on Tuesday, November 12th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings per share of $0.45 for the year, up from their previous forecast of $0.33. The consensus estimate for SSR Mining’s current full-year earnings is $0.33 per share. National Bank Financial also issued estimates for SSR Mining’s FY2025 earnings at $0.82 EPS and FY2026 earnings at $1.62 EPS.

Separately, UBS Group upped their price objective on shares of SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, SSR Mining presently has a consensus rating of “Hold” and a consensus target price of $7.01.

SSR Mining Stock Performance

SSRM stock opened at $5.51 on Friday. The firm has a 50-day moving average price of $5.83 and a 200-day moving average price of $5.35. SSR Mining has a 12 month low of $3.76 and a 12 month high of $12.04. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97.

Institutional Trading of SSR Mining

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in SSR Mining during the 2nd quarter worth approximately $32,000. Abich Financial Wealth Management LLC bought a new position in shares of SSR Mining during the first quarter valued at $41,000. Quarry LP lifted its holdings in shares of SSR Mining by 119.7% during the second quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 5,649 shares during the period. HB Wealth Management LLC acquired a new stake in SSR Mining in the second quarter valued at $56,000. Finally, SeaCrest Wealth Management LLC bought a new position in SSR Mining during the 3rd quarter worth $57,000. 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.