SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) – Stock analysts at Cormark upped their FY2019 earnings per share estimates for shares of SSR Mining in a research note issued on Friday, July 12th. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.59 per share for the year, up from their previous estimate of $0.50.
A number of other equities analysts have also recently issued reports on SSRM. ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. BidaskClub cut Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Scotiabank reaffirmed a “buy” rating on shares of Canadian Natural Resources in a report on Tuesday, April 2nd. Zacks Investment Research cut German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Citigroup reaffirmed a “buy” rating and issued a $25.00 target price on shares of Propetro in a report on Tuesday, July 2nd. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $15.74.
Shares of SSRM opened at $13.98 on Monday. SSR Mining has a 12-month low of $8.11 and a 12-month high of $15.17. The stock has a 50-day moving average price of $12.61. The company has a current ratio of 4.36, a quick ratio of 3.04 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.70 billion, a PE ratio of 60.78 and a beta of -0.36.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its earnings results on Thursday, May 9th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. SSR Mining had a return on equity of 4.38% and a net margin of 3.43%. The business had revenue of $126.30 million during the quarter, compared to analysts’ expectations of $127.70 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year.
Hedge funds have recently modified their holdings of the company. FIL Ltd acquired a new stake in shares of SSR Mining in the first quarter valued at about $123,000. Advisory Services Network LLC increased its stake in shares of SSR Mining by 138.6% in the fourth quarter. Advisory Services Network LLC now owns 14,096 shares of the basic materials company’s stock valued at $170,000 after buying an additional 8,188 shares during the period. LPL Financial LLC bought a new stake in shares of SSR Mining during the 4th quarter valued at about $239,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of SSR Mining during the 1st quarter valued at about $239,000. Finally, Cetera Advisors LLC bought a new stake in shares of SSR Mining during the 1st quarter valued at about $281,000. 55.36% of the stock is owned by institutional investors.
About SSR Mining
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.