SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Analysts at Cormark increased their Q2 2018 earnings per share (EPS) estimates for shares of SSR Mining in a research note issued to investors on Monday, May 14th. Cormark analyst R. Gray now expects that the basic materials company will earn $0.03 per share for the quarter, up from their previous forecast of $0.01. Cormark also issued estimates for SSR Mining’s Q3 2018 earnings at $0.09 EPS, Q4 2018 earnings at $0.09 EPS, FY2018 earnings at $0.26 EPS and FY2019 earnings at $0.56 EPS.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings data on Thursday, May 10th. The basic materials company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. SSR Mining had a return on equity of 2.60% and a net margin of 12.44%. The company had revenue of $97.90 million for the quarter, compared to the consensus estimate of $100.40 million. The company’s revenue was down 17.0% on a year-over-year basis.
Shares of SSRM stock opened at $10.24 on Thursday. SSR Mining has a 1-year low of $10.24 and a 1-year high of $10.49. The stock has a market cap of $1.25 billion, a P/E ratio of 30.12 and a beta of -0.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 8.63 and a current ratio of 10.40.
A number of hedge funds have recently modified their holdings of the stock. Koch Industries Inc. acquired a new stake in SSR Mining in the fourth quarter worth about $116,000. SG Americas Securities LLC acquired a new stake in SSR Mining in the fourth quarter worth about $224,000. James Investment Research Inc. boosted its holdings in SSR Mining by 8,368.4% in the fourth quarter. James Investment Research Inc. now owns 176,990 shares of the basic materials company’s stock worth $1,556,000 after acquiring an additional 174,900 shares in the last quarter. Invictus RG boosted its holdings in SSR Mining by 66.6% in the fourth quarter. Invictus RG now owns 25,264 shares of the basic materials company’s stock worth $222,000 after acquiring an additional 10,102 shares in the last quarter. Finally, AGF Investments Inc. boosted its holdings in SSR Mining by 11.5% in the fourth quarter. AGF Investments Inc. now owns 479,200 shares of the basic materials company’s stock worth $4,220,000 after acquiring an additional 49,300 shares in the last quarter. 47.55% of the stock is currently owned by 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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