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

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Equities researchers at Cormark decreased their Q4 2024 earnings estimates for shares of SSR Mining in a research report issued to clients and investors on Monday, November 11th. Cormark analyst R. Gray now anticipates that the basic materials company will earn $0.20 per share for the quarter, down from their previous forecast of $0.22. The consensus estimate for SSR Mining’s current full-year earnings is $0.38 per share.

Separately, UBS Group increased their price objective on shares of SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.01.

SSR Mining Trading Down 3.6 %

Shares of SSRM stock opened at $5.32 on Tuesday. SSR Mining has a 52-week low of $3.76 and a 52-week high of $12.04. The stock has a market cap 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. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.78 and a current ratio of 3.91. The firm has a fifty day moving average of $5.81 and a 200-day moving average of $5.35.

Institutional Investors Weigh In On SSR Mining

Several large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of SSR Mining by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,327,251 shares of the basic materials company’s stock worth $7,542,000 after purchasing an additional 75,563 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of SSR Mining in the 3rd quarter worth about $261,000. Drive Wealth Management LLC bought a new stake in shares of SSR Mining in the 3rd quarter worth about $74,000. TrinityPoint Wealth LLC bought a new stake in shares of SSR Mining in the 3rd quarter worth about $78,000. Finally, Parametrica Management Ltd bought a new stake in shares of SSR Mining in the 3rd quarter worth about $751,000. Institutional investors own 68.30% of the company’s stock.

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.