Cormark Weighs in on SSR Mining’s Q4 Earnings (NASDAQ:SSRM)

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Stock analysts at Cormark reduced their Q4 2024 earnings estimates for SSR Mining in a research report issued on Monday, November 11th. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.20 per share for the quarter, down from their prior estimate of $0.22. The consensus estimate for SSR Mining’s current full-year earnings is $0.38 per share.

Separately, 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 report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, SSR Mining presently has an average rating of “Hold” and an average target price of $7.01.

SSR Mining Stock Performance

SSRM stock opened at $5.32 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 3.91 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -2.22, a P/E/G ratio of 0.84 and a beta of 0.72. SSR Mining has a 12 month low of $3.76 and a 12 month high of $12.04. The firm has a 50 day moving average of $5.81 and a two-hundred day moving average of $5.35.

Institutional Trading of SSR Mining

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of SSR Mining by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 8,303,664 shares of the basic materials company’s stock worth $37,034,000 after buying an additional 533,880 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of SSR Mining by 45.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 8,228,572 shares of the basic materials company’s stock worth $37,124,000 after buying an additional 2,587,212 shares during the period. National Bank of Canada FI boosted its holdings in shares of SSR Mining by 73.7% during the 2nd quarter. National Bank of Canada FI now owns 2,636,902 shares of the basic materials company’s stock worth $11,815,000 after buying an additional 1,118,417 shares during the period. Tidal Investments LLC bought a new stake in shares of SSR Mining during the 1st quarter worth $6,485,000. Finally, Charles Schwab Investment Management Inc. raised its stake in SSR Mining by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,327,251 shares of the basic materials company’s stock valued at $7,542,000 after purchasing an additional 75,563 shares during the last quarter. 68.30% of the stock is 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.