Cormark Issues Negative Forecast for SSR Mining Earnings

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Stock analysts at Cormark lowered their Q1 2025 earnings per share estimates for shares of SSR Mining in a research note issued to investors on Tuesday, April 1st. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.19 per share for the quarter, down from their prior forecast of $0.27. The consensus estimate for SSR Mining’s current full-year earnings is $0.73 per share. Cormark also issued estimates for SSR Mining’s Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.18 EPS and Q4 2025 earnings at $0.26 EPS.

A number of other analysts also recently weighed in on SSRM. CIBC upped their target price on shares of SSR Mining from $8.25 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. UBS Group upped their target price on shares of SSR Mining from $7.15 to $12.05 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada upgraded SSR Mining from an “underperform” rating to a “sector perform” rating and increased their target price for the company from $5.50 to $8.00 in a research note on Wednesday, February 5th. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Finally, National Bank Financial upgraded shares of SSR Mining to a “hold” rating in a research note on Friday, March 21st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.93.

SSR Mining Stock Performance

SSR Mining stock opened at $10.00 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 4.70. SSR Mining has a fifty-two week low of $4.32 and a fifty-two week high of $11.48. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of -7.75, a PEG ratio of 0.37 and a beta of 0.53. The stock’s 50 day simple moving average is $9.73 and its two-hundred day simple moving average is $7.56.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $323.19 million during the quarter, compared to the consensus estimate of $262.20 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%.

Institutional Trading of SSR Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSRM. US Bancorp DE grew its holdings in shares of SSR Mining by 62.4% in the fourth quarter. US Bancorp DE now owns 3,540 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 1,360 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in SSR Mining in the 4th quarter valued at about $29,000. Allianz SE bought a new position in SSR Mining in the 4th quarter worth about $30,000. Point72 DIFC Ltd purchased a new position in shares of SSR Mining during the third quarter worth approximately $47,000. Finally, Lincoln Capital LLC purchased a new position in shares of SSR Mining during the fourth quarter worth approximately $70,000. 68.30% of the stock is owned by hedge funds and other 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.