$0.02 Earnings Per Share Expected for SSR Mining Inc (SSRM) This Quarter

Equities analysts predict that SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) will report earnings per share of $0.02 for the current quarter, according to Zacks. Zero analysts have made estimates for SSR Mining’s earnings. SSR Mining also posted earnings of $0.02 per share during the same quarter last year. The business is expected to issue its next earnings results on Thursday, February 28th.

According to Zacks, analysts expect that SSR Mining will report full-year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.22 to $0.26. For the next fiscal year, analysts anticipate that the company will post earnings of $0.26 per share, with EPS estimates ranging from $0.21 to $0.31. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover SSR Mining.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its earnings results on Thursday, November 8th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. SSR Mining had a return on equity of 3.14% and a net margin of 6.12%. The firm had revenue of $115.03 million for the quarter, compared to analyst estimates of $113.00 million. During the same quarter last year, the firm posted $0.04 EPS. The business’s revenue was up 8.5% on a year-over-year basis.

A number of brokerages have issued reports on SSRM. Howard Weil raised SSR Mining from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, October 12th. ValuEngine raised SSR Mining from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Zacks Investment Research downgraded SSR Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. BidaskClub raised SSR Mining from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 27th. Finally, TheStreet raised SSR Mining from a “c” rating to a “b-” rating in a research note on Monday, November 12th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $12.25.

Shares of SSRM opened at $12.37 on Friday. SSR Mining has a 52-week low of $7.64 and a 52-week high of $12.70. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 36.38 and a beta of -0.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.91 and a quick ratio of 6.29.

Several large investors have recently modified their holdings of SSRM. First Trust Advisors LP acquired a new stake in shares of SSR Mining during the 2nd quarter worth about $374,000. BlackRock Inc. grew its position in SSR Mining by 133.3% in the 2nd quarter. BlackRock Inc. now owns 25,553 shares of the basic materials company’s stock valued at $252,000 after acquiring an additional 14,600 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of SSR Mining by 14.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 64,560 shares of the basic materials company’s stock valued at $636,000 after buying an additional 8,088 shares during the period. OppenheimerFunds Inc. boosted its stake in shares of SSR Mining by 53.3% in the 2nd quarter. OppenheimerFunds Inc. now owns 690,000 shares of the basic materials company’s stock valued at $6,810,000 after buying an additional 240,000 shares during the period. Finally, Raymond James & Associates boosted its stake in shares of SSR Mining by 36.6% in the 2nd quarter. Raymond James & Associates now owns 23,536 shares of the basic materials company’s stock valued at $232,000 after buying an additional 6,300 shares during the period. 49.02% of the stock is 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; and the Seabee Gold Operation located in Saskatchewan, Canada.

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

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