SSR Mining FY2024 EPS Increased by National Bank Financial

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Equities researchers at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for SSR Mining in a research report issued on Tuesday, November 12th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will post earnings per share of $0.45 for the year, up from their prior forecast of $0.33. The consensus estimate for SSR Mining’s current full-year earnings is $0.33 per share. National Bank Financial also issued estimates for SSR Mining’s FY2025 earnings at $0.82 EPS and FY2026 earnings at $1.62 EPS.

Separately, UBS Group lifted their price target on shares of SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.01.

SSR Mining Stock Performance

SSR Mining stock opened at $5.51 on Friday. The stock has a 50-day moving average price of $5.85 and a 200 day moving average price of $5.35. SSR Mining has a 52 week low of $3.76 and a 52 week high of $12.04. The stock has a market cap of $1.12 billion, a PE ratio of -2.31, a P/E/G ratio of 0.91 and a beta of 0.72. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08.

Institutional Investors Weigh In On SSR Mining

Hedge funds have recently modified their holdings of the stock. D. E. Shaw & Co. Inc. grew its stake in shares of SSR Mining by 45.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 8,228,572 shares of the basic materials company’s stock valued at $37,124,000 after buying an additional 2,587,212 shares during the period. Tidal Investments LLC acquired a new stake in SSR Mining during the 1st quarter worth approximately $6,485,000. National Bank of Canada FI grew its stake in SSR Mining by 73.7% during the second quarter. National Bank of Canada FI now owns 2,636,902 shares of the basic materials company’s stock worth $11,815,000 after buying an additional 1,118,417 shares during the period. Hsbc Holdings PLC purchased a new stake in SSR Mining during the 2nd quarter worth $3,289,000. Finally, Acadian Asset Management LLC boosted its position in shares of SSR Mining by 111.3% in the second quarter. Acadian Asset Management LLC now owns 1,209,763 shares of the basic materials company’s stock worth $5,440,000 after buying an additional 637,161 shares during the period. 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.