Brokerages Anticipate SSR Mining Inc. (NASDAQ:SSRM) to Post $0.25 EPS

Brokerages expect that SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) will report earnings per share (EPS) of $0.25 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for SSR Mining’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.29. SSR Mining posted earnings per share of $0.23 during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The firm is expected to announce its next earnings results on Tuesday, November 3rd.

On average, analysts expect that SSR Mining will report full-year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.53. For the next fiscal year, analysts expect that the business will post earnings of $2.35 per share, with EPS estimates ranging from $1.76 to $2.94. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that cover SSR Mining.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its earnings results on Thursday, August 6th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.22). SSR Mining had a net margin of 9.50% and a return on equity of 8.99%. The company had revenue of $92.49 million during the quarter, compared to the consensus estimate of $131.08 million. During the same quarter in the previous year, the business posted $0.15 EPS. The firm’s quarterly revenue was down 40.4% on a year-over-year basis.

Several analysts have recently weighed in on the stock. Scotiabank raised their price objective on shares of SSR Mining from $36.00 to $39.50 and gave the stock an “outperform” rating in a report on Tuesday, October 13th. Zacks Investment Research lowered shares of SSR Mining from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 22nd. National Bank Financial assumed coverage on shares of SSR Mining in a report on Thursday, September 17th. They set an “outperform” rating for the company. Cormark raised shares of SSR Mining to a “buy” rating and set a $40.00 price objective for the company in a report on Thursday, September 17th. Finally, BidaskClub lowered shares of SSR Mining from a “buy” rating to a “hold” rating in a report on Tuesday, September 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $30.27.

Several institutional investors have recently modified their holdings of SSRM. Parallel Advisors LLC acquired a new stake in shares of SSR Mining in the second quarter valued at approximately $31,000. Canton Hathaway LLC acquired a new stake in shares of SSR Mining in the second quarter valued at approximately $40,000. Private Advisor Group LLC acquired a new stake in shares of SSR Mining in the second quarter valued at approximately $45,000. Optimum Investment Advisors acquired a new stake in shares of SSR Mining in the second quarter valued at approximately $105,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of SSR Mining in the second quarter valued at approximately $131,000. 66.07% of the stock is owned by institutional investors and hedge funds.

SSRM traded down $0.14 during midday trading on Friday, reaching $19.42. 1,174,502 shares of the company’s stock were exchanged, compared to its average volume of 1,886,887. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 41.32 and a beta of 0.99. The company has a quick ratio of 6.16, a current ratio of 8.96 and a debt-to-equity ratio of 0.15. SSR Mining has a one year low of $9.00 and a one year high of $25.32. The business has a 50-day simple moving average of $19.99 and a two-hundred day simple moving average of $19.15.

About SSR Mining

SSR Mining Inc, a resource company, 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 southeastern 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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