National Bank Financial Estimates SSR Mining FY2024 Earnings

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) – Stock analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for SSR Mining in a research note issued to investors 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 previous estimate 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 raised their target price on shares of SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.01.

SSR Mining Price Performance

SSRM stock opened at $5.51 on Friday. The business’s 50-day moving average is $5.84 and its two-hundred day moving average is $5.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97. The firm has a market capitalization of $1.12 billion, a P/E ratio of -2.31, a P/E/G ratio of 0.91 and a beta of 0.72. SSR Mining has a 1 year low of $3.76 and a 1 year high of $12.04.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC purchased a new stake in shares of SSR Mining in the second quarter valued at about $3,289,000. Quadrature Capital Ltd lifted its position in SSR Mining by 1,318.9% during the 1st quarter. Quadrature Capital Ltd now owns 668,300 shares of the basic materials company’s stock worth $2,976,000 after acquiring an additional 621,200 shares during the period. National Bank of Canada FI grew its stake in shares of SSR Mining by 73.7% in the 2nd quarter. National Bank of Canada FI now owns 2,636,902 shares of the basic materials company’s stock valued at $11,815,000 after purchasing an additional 1,118,417 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of SSR Mining by 25.5% in the second quarter. Mackenzie Financial Corp now owns 883,581 shares of the basic materials company’s stock valued at $3,992,000 after purchasing an additional 179,601 shares during the period. Finally, Paragon Capital Management Inc. purchased a new stake in shares of SSR Mining during the second quarter worth approximately $1,672,000. 68.30% of the stock is owned by hedge funds and other institutional investors.

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.