SSR Mining FY2024 EPS Raised by National Bank Financial

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Equities research analysts at National Bank Financial upped their FY2024 earnings per share estimates for SSR Mining in a research note issued 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 increased their price target on SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a 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 given a buy rating to the company’s stock. Based on data from MarketBeat, SSR Mining currently has an average rating of “Hold” and a consensus target price of $7.01.

SSR Mining Stock Performance

SSRM opened at $5.51 on Friday. SSR Mining has a twelve month low of $3.76 and a twelve month high of $12.04. The firm has a market capitalization of $1.12 billion, a PE ratio of -2.31, a PEG ratio of 0.91 and a beta of 0.72. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $5.85 and its 200 day moving average price is $5.35.

Hedge Funds Weigh In On SSR Mining

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its position in SSR Mining by 395.6% in the 1st quarter. SG Americas Securities LLC now owns 209,132 shares of the basic materials company’s stock valued at $933,000 after purchasing an additional 166,935 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in shares of SSR Mining during the 1st quarter worth approximately $72,000. Vanguard Group Inc. lifted its holdings in shares of SSR Mining by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 8,303,664 shares of the basic materials company’s stock valued at $37,034,000 after buying an additional 533,880 shares during the period. Acadian Asset Management LLC acquired a new position in SSR Mining during the first quarter worth $2,547,000. Finally, Pitcairn Co. purchased a new position in SSR Mining in the first quarter worth $149,000. Institutional investors and hedge funds 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.