SSR Mining (SSRM) to Release Earnings on Wednesday

SSR Mining (NASDAQ:SSRM) (TSE:SSO) is set to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings results on Tuesday, February 27th. The basic materials company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.23. The company had revenue of $425.90 million during the quarter. SSR Mining had a positive return on equity of 6.27% and a negative net margin of 6.87%. During the same quarter last year, the firm posted $0.12 earnings per share. On average, analysts expect SSR Mining to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SSR Mining Trading Down 1.1 %

Shares of SSRM opened at $5.34 on Monday. The stock has a fifty day moving average of $4.72 and a two-hundred day moving average of $8.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.99 and a current ratio of 7.01. The company has a market capitalization of $1.08 billion, a PE ratio of -10.47, a price-to-earnings-growth ratio of 1.65 and a beta of 0.76. SSR Mining has a fifty-two week low of $3.76 and a fifty-two week high of $17.72.

Analyst Ratings Changes

SSRM has been the subject of a number of research analyst reports. Royal Bank of Canada restated an “underperform” rating and set a $3.00 price objective (down from $6.00) on shares of SSR Mining in a report on Tuesday, February 20th. UBS Group lowered SSR Mining from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $17.00 to $5.00 in a research note on Thursday, February 22nd. CIBC cut SSR Mining from a “sector outperform” rating to a “neutral” rating and decreased their target price for the stock from $18.50 to $6.00 in a report on Wednesday, February 14th. TD Securities lowered shares of SSR Mining from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Desjardins downgraded shares of SSR Mining from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.63.

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.