FY2024 Earnings Forecast for SSR Mining Issued By Scotiabank

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Research analysts at Scotiabank reduced their FY2024 EPS estimates for SSR Mining in a report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the basic materials company will earn $0.18 per share for the year, down from their prior estimate of $0.33. The consensus estimate for SSR Mining’s current full-year earnings is $0.34 per share. Scotiabank also issued estimates for SSR Mining’s FY2025 earnings at $0.10 EPS and FY2026 earnings at $0.53 EPS.

SSRM has been the topic of a number of other research reports. UBS Group boosted their target price on shares of SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a research report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.18.

SSR Mining Trading Down 5.0 %

Shares of SSR Mining stock opened at $7.05 on Monday. The firm’s 50 day moving average is $6.52 and its 200 day moving average is $5.82. The firm has a market capitalization of $1.43 billion, a PE ratio of -2.95, a price-to-earnings-growth ratio of 1.23 and a beta of 0.61. SSR Mining has a 1 year low of $3.76 and a 1 year high of $10.24. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08.

Institutional Trading of SSR Mining

Institutional investors and hedge funds have recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. grew its position in shares of SSR Mining by 45.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 8,228,572 shares of the basic materials company’s stock valued at $37,124,000 after buying an additional 2,587,212 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of SSR Mining in the second quarter worth approximately $3,289,000. Two Sigma Advisers LP lifted its stake in shares of SSR Mining by 16.2% in the third quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock worth $18,860,000 after acquiring an additional 462,000 shares during the period. Paragon Capital Management Inc. bought a new stake in SSR Mining in the second quarter valued at approximately $1,672,000. Finally, Public Employees Retirement System of Ohio increased its position in SSR Mining by 399.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 432,162 shares of the basic materials company’s stock valued at $2,455,000 after purchasing an additional 345,568 shares during the period. 68.30% of the stock is currently owned by institutional investors and hedge funds.

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.