SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) – Equities researchers at National Bank Financial issued their Q1 2018 EPS estimates for SSR Mining in a report issued on Monday, April 9th. National Bank Financial analyst M. Parkin forecasts that the basic materials company will earn $0.01 per share for the quarter. National Bank Financial also issued estimates for SSR Mining’s FY2018 earnings at $0.21 EPS.
A number of other research analysts also recently weighed in on the stock. Credit Suisse Group upgraded shares of SSR Mining from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 16th. Scotiabank downgraded shares of SSR Mining from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 9th. BidaskClub upgraded shares of SSR Mining from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 21st. Finally, Zacks Investment Research upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. SSR Mining has a consensus rating of “Hold” and an average price target of $12.38.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its earnings results on Thursday, February 22nd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). The business had revenue of $107.88 million for the quarter, compared to analyst estimates of $113.00 million. SSR Mining had a net margin of 15.76% and a return on equity of 4.04%. The business’s revenue was down 15.3% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the business. Koch Industries Inc. acquired a new position in shares of SSR Mining in the fourth quarter worth about $116,000. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of SSR Mining during the fourth quarter worth about $154,000. Raymond James & Associates increased its stake in shares of SSR Mining by 45.5% during the fourth quarter. Raymond James & Associates now owns 19,336 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 6,045 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of SSR Mining by 284.0% during the fourth quarter. Two Sigma Investments LP now owns 19,500 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 30,100 shares in the last quarter. Finally, Invictus RG increased its stake in shares of SSR Mining by 66.6% during the fourth quarter. Invictus RG now owns 25,264 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 10,102 shares in the last quarter. Institutional investors and hedge funds own 47.20% of the company’s stock.
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SSR Mining Company Profile
SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.
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