Cormark Has Bearish Estimate for SSR Mining Q1 Earnings

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Cormark reduced their Q1 2025 earnings per share estimates for SSR Mining in a research note issued on Tuesday, April 1st. Cormark analyst R. Gray now expects 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.

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

SSRM has been the topic of several other reports. StockNews.com raised SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. CIBC lifted their price target on SSR Mining from $8.25 to $9.75 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. National Bank Financial raised SSR Mining to a “hold” rating in a report on Friday, March 21st. Royal Bank of Canada raised shares of SSR Mining from an “underperform” rating to a “sector perform” rating and raised their price objective for the stock from $5.50 to $8.00 in a research note on Wednesday, February 5th. Finally, UBS Group boosted their target price on shares of SSR Mining from $7.15 to $12.05 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.93.

SSR Mining Trading Down 0.4 %

Shares of SSR Mining stock opened at $9.99 on Wednesday. The stock has a market cap of $2.02 billion, a PE ratio of -7.74, a price-to-earnings-growth ratio of 0.37 and a beta of 0.53. The firm has a fifty day moving average price of $9.69 and a 200 day moving average price of $7.54. SSR Mining has a 1 year low of $4.32 and a 1 year high of $11.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP increased its holdings in SSR Mining by 0.4% in the 4th quarter. Wellington Management Group LLP now owns 497,378 shares of the basic materials company’s stock worth $3,462,000 after acquiring an additional 1,884 shares in the last quarter. PKO Investment Management Joint Stock Co acquired a new stake in shares of SSR Mining in the fourth quarter valued at about $679,000. B. Riley Wealth Advisors Inc. increased its stake in shares of SSR Mining by 10.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 22,000 shares of the basic materials company’s stock worth $153,000 after purchasing an additional 2,000 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of SSR Mining by 2.4% during the 4th quarter. Mackenzie Financial Corp now owns 119,071 shares of the basic materials company’s stock worth $831,000 after purchasing an additional 2,755 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors acquired a new position in shares of SSR Mining during the 4th quarter worth about $154,000. 68.30% of the stock is owned by institutional investors and hedge funds.

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.