SSR Mining Inc. to Post Q1 2019 Earnings of $0.14 Per Share, Cormark Forecasts (SSRM)

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Equities research analysts at Cormark increased their Q1 2019 earnings estimates for shares of SSR Mining in a report released on Monday, May 14th. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.14 per share for the quarter, up from their prior estimate of $0.09. Cormark also issued estimates for SSR Mining’s Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.14 EPS and Q4 2019 earnings at $0.14 EPS.

Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of SSR Mining from a “c+” rating to a “b-” rating in a research report on Friday, May 11th. ValuEngine raised shares of SSR Mining from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. BidaskClub raised shares of SSR Mining from a “hold” rating to a “buy” rating in a research report on Tuesday, April 24th. Finally, Scotiabank raised their price objective on shares of SSR Mining from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 13th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $12.38.

Shares of NASDAQ SSRM opened at $10.24 on Wednesday. The firm has a market cap of $1.25 billion, a PE ratio of 30.12 and a beta of -0.17. SSR Mining has a twelve month low of $10.24 and a twelve month high of $10.49. The company has a current ratio of 10.40, a quick ratio of 8.63 and a debt-to-equity ratio of 0.24.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings results on Thursday, May 10th. The basic materials company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $97.90 million for the quarter, compared to analysts’ expectations of $100.40 million. SSR Mining had a net margin of 12.44% and a return on equity of 2.60%. SSR Mining’s quarterly revenue was down 17.0% on a year-over-year basis.

Several large investors have recently modified their holdings of the stock. Legal & General Group Plc raised its holdings in shares of SSR Mining by 133.2% during the first quarter. Legal & General Group Plc now owns 37,286 shares of the basic materials company’s stock worth $359,000 after acquiring an additional 21,294 shares during the period. Guggenheim Capital LLC raised its holdings in shares of SSR Mining by 7.7% during the first quarter. Guggenheim Capital LLC now owns 152,545 shares of the basic materials company’s stock worth $1,465,000 after acquiring an additional 10,862 shares during the period. Jane Street Group LLC raised its holdings in shares of SSR Mining by 136.3% during the first quarter. Jane Street Group LLC now owns 108,500 shares of the basic materials company’s stock worth $1,042,000 after acquiring an additional 62,592 shares during the period. ETF Managers Group LLC acquired a new stake in shares of SSR Mining during the first quarter worth $1,603,000. Finally, Natixis acquired a new stake in shares of SSR Mining during the first quarter worth $145,000. Institutional investors and hedge funds own 47.55% 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; and the Seabee Gold Operation located in Saskatchewan, Canada.

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

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