B. Riley Research Analysts Reduce Earnings Estimates for SSR Mining Inc (NASDAQ:SSRM)

SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) – B. Riley decreased their Q2 2019 earnings per share (EPS) estimates for SSR Mining in a report released on Monday, June 24th, according to Zacks Investment Research. B. Riley analyst A. Graf now anticipates that the basic materials company will earn $0.09 per share for the quarter, down from their previous forecast of $0.11. B. Riley also issued estimates for SSR Mining’s FY2020 earnings at $0.57 EPS.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. BidaskClub upgraded Workhorse Group from a “hold” rating to a “buy” rating in a research note on Monday. Scotiabank reiterated a “buy” rating on shares of Canadian Natural Resources in a research note on Tuesday, April 2nd. Citigroup reiterated a “buy” rating and issued a $25.00 price target on shares of Propetro in a research note on Tuesday, July 2nd. Finally, ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. SSR Mining currently has an average rating of “Buy” and a consensus price target of $15.74.

Shares of SSRM traded up $0.87 during midday trading on Wednesday, hitting $15.74. The company’s stock had a trading volume of 3,916,600 shares, compared to its average volume of 977,197. SSR Mining has a one year low of $8.11 and a one year high of $15.81. The company’s fifty day moving average price is $12.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.36 and a quick ratio of 3.04. The company has a market cap of $1.82 billion, a PE ratio of 67.65 and a beta of -0.36.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.06. SSR Mining had a return on equity of 4.38% and a net margin of 3.43%. The company had revenue of $126.30 million for the quarter, compared to analyst estimates of $127.70 million. During the same quarter last year, the company posted $0.05 EPS. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp lifted its holdings in SSR Mining by 220.2% in the 4th quarter. Mackenzie Financial Corp now owns 169,995 shares of the basic materials company’s stock valued at $2,055,000 after purchasing an additional 116,904 shares in the last quarter. LPL Financial LLC purchased a new position in SSR Mining in the 4th quarter valued at about $239,000. Acadian Asset Management LLC purchased a new position in SSR Mining in the 4th quarter valued at about $2,094,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of SSR Mining by 0.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,848,150 shares of the basic materials company’s stock worth $22,341,000 after acquiring an additional 17,016 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of SSR Mining by 236.3% during the 4th quarter. Raymond James & Associates now owns 79,314 shares of the basic materials company’s stock worth $959,000 after acquiring an additional 55,728 shares during the period. 55.36% 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; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.

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

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