SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Stock analysts at Cormark upped their Q1 2019 earnings per share (EPS) estimates for SSR Mining in a research report issued on Monday, May 14th. Cormark analyst R. Gray now forecasts that the basic materials company will earn $0.14 per share for the quarter, up from their previous forecast of $0.09. Cormark also issued estimates for SSR Mining’s Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.14 EPS and Q4 2019 earnings at $0.14 EPS.

A number of other equities analysts have also recently issued reports on the stock. BidaskClub upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Thursday, March 15th. Scotiabank boosted their price objective on shares of SSR Mining from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 13th. ValuEngine upgraded shares of SSR Mining from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Finally, TheStreet upgraded shares of SSR Mining from a “c+” rating to a “b-” rating in a research report on Friday, May 11th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. SSR Mining presently has an average rating of “Buy” and a consensus target price of $12.38.

SSR Mining opened at $10.27 on Wednesday, MarketBeat Ratings reports. SSR Mining has a 12-month low of $10.24 and a 12-month high of $10.49. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 30.21 and a beta of -0.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 8.63 and a current ratio of 10.40.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings data on Thursday, May 10th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. SSR Mining had a net margin of 12.44% and a return on equity of 2.60%. The firm had revenue of $97.90 million for the quarter, compared to analysts’ expectations of $100.40 million. The company’s revenue was down 17.0% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in shares of SSR Mining by 11.5% during the first quarter. Van ECK Associates Corp now owns 15,953,971 shares of the basic materials company’s stock valued at $153,158,000 after buying an additional 1,642,024 shares during the period. Renaissance Technologies LLC increased its position in shares of SSR Mining by 8.2% during the fourth quarter. Renaissance Technologies LLC now owns 5,116,200 shares of the basic materials company’s stock valued at $44,971,000 after buying an additional 388,617 shares during the period. Investec Asset Management LTD increased its position in shares of SSR Mining by 5.0% during the fourth quarter. Investec Asset Management LTD now owns 3,140,554 shares of the basic materials company’s stock valued at $27,605,000 after buying an additional 150,490 shares during the period. Global X Management Co. LLC purchased a new position in shares of SSR Mining during the first quarter valued at about $22,978,000. Finally, Fiera Capital Corp increased its position in shares of SSR Mining by 44.6% during the first quarter. Fiera Capital Corp now owns 927,501 shares of the basic materials company’s stock valued at $8,921,000 after buying an additional 286,201 shares during the period. Institutional investors own 47.55% of the company’s stock.

SSR Mining Company Profile

SSR Mining Inc engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include the Marigold mine located in Humboldt County, Nevada, the United States; and the Seabee Gold Operation located in Saskatchewan, Canada.

Earnings History and Estimates for SSR Mining (NASDAQ:SSRM)

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