SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) – Investment analysts at Cormark increased their Q2 2019 earnings per share estimates for SSR Mining in a research note issued on Monday, May 13th. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings per share of $0.10 for the quarter, up from their previous estimate of $0.05. Cormark also issued estimates for SSR Mining’s Q3 2019 earnings at $0.12 EPS, Q4 2019 earnings at $0.14 EPS, Q1 2020 earnings at $0.19 EPS, Q2 2020 earnings at $0.19 EPS, Q3 2020 earnings at $0.19 EPS, Q4 2020 earnings at $0.19 EPS and FY2021 earnings at $0.97 EPS.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.06. The business had revenue of $126.30 million during the quarter, compared to analysts’ expectations of $127.70 million. SSR Mining had a net margin of 3.43% and a return on equity of 4.38%. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 EPS.

SSRM has been the subject of a number of other reports. CIBC reiterated an “average” rating and set a $16.25 price objective on shares of SSR Mining in a research report on Monday, January 21st. Zacks Investment Research lowered shares of SSR Mining from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. BidaskClub lowered shares of SSR Mining from a “buy” rating to a “hold” rating in a report on Friday, March 1st. B. Riley initiated coverage on shares of SSR Mining in a report on Friday, March 1st. They set a “neutral” rating and a $14.70 target price on the stock. Finally, Royal Bank of Canada boosted their target price on shares of SSR Mining from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. SSR Mining presently has an average rating of “Buy” and a consensus price target of $15.24.

SSRM stock opened at $11.08 on Wednesday. The company has a market cap of $1.36 billion, a P/E ratio of 48.17 and a beta of -0.59. SSR Mining has a 1 year low of $8.11 and a 1 year high of $15.17. The company has a quick ratio of 3.04, a current ratio of 4.36 and a debt-to-equity ratio of 0.15.

A number of institutional investors and hedge funds have recently bought and sold shares of SSRM. Coastal Investment Advisors Inc. bought a new stake in SSR Mining during the 1st quarter worth approximately $36,000. Premia Global Advisors LLC bought a new stake in SSR Mining during the 1st quarter worth approximately $84,000. FIL Ltd bought a new stake in SSR Mining during the 1st quarter worth approximately $123,000. Advisory Services Network LLC grew its holdings in SSR Mining by 138.6% during the 4th quarter. Advisory Services Network LLC now owns 14,096 shares of the basic materials company’s stock worth $170,000 after acquiring an additional 8,188 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in SSR Mining during the 1st quarter worth approximately $181,000. 55.10% of the stock is currently owned by hedge funds and other institutional investors.

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; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.

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

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