Zacks: Analysts Anticipate SSR Mining Inc (SSRM) to Announce -$0.02 EPS
Analysts forecast that SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) will report ($0.02) earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have issued estimates for SSR Mining’s earnings. SSR Mining posted earnings of $0.17 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 111.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that SSR Mining will report full year earnings of $0.22 per share for the current year, with EPS estimates ranging from $0.21 to $0.23. For the next fiscal year, analysts forecast that the firm will post earnings of $0.48 per share, with EPS estimates ranging from $0.38 to $0.57. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover SSR Mining.
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 the Zacks’ consensus estimate of $0.11 by ($0.09). SSR Mining had a return on equity of 4.04% and a net margin of 15.76%. The business had revenue of $107.88 million for the quarter, compared to analyst estimates of $113.00 million. SSR Mining’s revenue was down 15.3% on a year-over-year basis.
Several hedge funds have recently added to or reduced their stakes in SSRM. James Investment Research Inc. grew its position in shares of SSR Mining by 8,368.4% during the fourth quarter. James Investment Research Inc. now owns 176,990 shares of the basic materials company’s stock worth $1,556,000 after buying an additional 174,900 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of SSR Mining during the fourth quarter worth approximately $224,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of SSR Mining during the fourth quarter worth approximately $154,000. American Century Companies Inc. grew its position in shares of SSR Mining by 33.0% during the fourth quarter. American Century Companies Inc. now owns 421,100 shares of the basic materials company’s stock worth $3,701,000 after buying an additional 104,500 shares in the last quarter. Finally, AGF Investments Inc. grew its position in shares of SSR Mining by 11.5% during the fourth quarter. AGF Investments Inc. now owns 479,200 shares of the basic materials company’s stock worth $4,220,000 after buying an additional 49,300 shares in the last quarter. 43.28% of the stock is owned by institutional investors and hedge funds.
Shares of SSR Mining (NASDAQ SSRM) traded up $0.04 during trading hours on Wednesday, reaching $8.63. 752,405 shares of the company’s stock traded hands, compared to its average volume of 1,190,000. The company has a debt-to-equity ratio of 0.23, a current ratio of 11.19 and a quick ratio of 7.96. SSR Mining has a one year low of $7.64 and a one year high of $11.49. The firm has a market capitalization of $1,040.00, a P/E ratio of 17.61 and a beta of -0.11.
About SSR Mining
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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