SSR Mining (SSRM) to Release Earnings on Wednesday

SSR Mining (NASDAQ:SSRM) (TSE:SSO) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect SSR Mining to post earnings of ($0.01) per share for the quarter. Parties that wish to listen to the company’s earnings conference call can do so using this link.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its earnings results on Tuesday, February 27th. The basic materials company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.23. The firm had revenue of $425.90 million for the quarter. SSR Mining had a negative net margin of 6.87% and a positive return on equity of 6.27%. During the same period in the previous year, the company earned $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 Stock Performance

Shares of SSRM stock opened at $5.36 on Wednesday. The firm has a 50 day moving average of $4.66 and a two-hundred day moving average of $8.64. The stock has a market capitalization of $1.08 billion, a PE ratio of -10.51, a P/E/G ratio of 1.72 and a beta of 0.82. The company has a quick ratio of 3.99, a current ratio of 7.01 and a debt-to-equity ratio of 0.07. SSR Mining has a 52 week low of $3.76 and a 52 week high of $17.72.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. TD Securities downgraded SSR Mining from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. TheStreet cut shares of SSR Mining from a “c” rating to a “d” rating in a report on Wednesday, February 28th. UBS Group downgraded shares of SSR Mining from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $17.00 to $5.00 in a research note on Thursday, February 22nd. CIBC downgraded shares of SSR Mining from a “sector outperform” rating to a “neutral” rating and dropped their price objective for the company from $18.50 to $6.00 in a research report on Wednesday, February 14th. Finally, Desjardins cut shares of SSR Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, SSR Mining currently has an average rating of “Hold” and a consensus price target of $6.63.

About SSR Mining

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.