SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) – Equities research analysts at B. Riley upped their Q3 2019 earnings per share (EPS) estimates for SSR Mining in a report released on Monday, August 12th. B. Riley analyst A. Graf now forecasts that the basic materials company will post earnings of $0.18 per share for the quarter, up from their prior forecast of $0.10. B. Riley has a “Hold” rating and a $17.00 price objective on the stock. B. Riley also issued estimates for SSR Mining’s Q4 2019 earnings at $0.18 EPS, FY2019 earnings at $0.65 EPS, FY2020 earnings at $0.87 EPS and FY2021 earnings at $1.80 EPS.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.06 by $0.09. The company had revenue of $155.15 million during the quarter, compared to analysts’ expectations of $143.00 million. SSR Mining had a return on equity of 4.91% and a net margin of 4.18%. The firm’s revenue was up 49.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 EPS.
SSRM opened at $16.23 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.36 and a quick ratio of 3.04. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 70.57 and a beta of -0.34. The business has a 50-day moving average of $15.10 and a two-hundred day moving average of $13.22. SSR Mining has a 12 month low of $8.11 and a 12 month high of $17.56.
Several large investors have recently modified their holdings of the company. Investec Asset Management LTD grew its holdings in shares of SSR Mining by 6.0% during the 2nd quarter. Investec Asset Management LTD now owns 5,119,599 shares of the basic materials company’s stock worth $69,985,000 after purchasing an additional 289,535 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in SSR Mining by 9.8% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,122,916 shares of the basic materials company’s stock worth $56,539,000 after acquiring an additional 367,800 shares in the last quarter. Vanguard Group Inc. lifted its position in SSR Mining by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,234,557 shares of the basic materials company’s stock worth $44,216,000 after acquiring an additional 117,919 shares in the last quarter. Bank of Montreal Can lifted its position in SSR Mining by 92.6% during the 2nd quarter. Bank of Montreal Can now owns 2,577,586 shares of the basic materials company’s stock worth $35,236,000 after acquiring an additional 1,239,501 shares in the last quarter. Finally, Norges Bank acquired a new position in SSR Mining during the 4th quarter worth approximately $21,049,000. Institutional investors and hedge funds own 54.39% of the company’s stock.
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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