Equities research analysts expect SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) to post earnings of ($0.01) per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for SSR Mining’s earnings. SSR Mining reported earnings of $0.04 per share in the same quarter last year, which indicates a negative year over year growth rate of 125%. The firm is expected to announce its next earnings report on Tuesday, November 6th.

On average, analysts expect that SSR Mining will report full-year earnings of $0.30 per share for the current fiscal year. For the next year, analysts forecast that the business will post earnings of $0.28 per share, with EPS estimates ranging from $0.20 to $0.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow SSR Mining.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its earnings results on Thursday, August 9th. The basic materials company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.08. SSR Mining had a net margin of 4.98% and a return on equity of 2.51%. The business had revenue of $104.00 million during the quarter, compared to analysts’ expectations of $107.90 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The firm’s revenue was down 11.1% on a year-over-year basis.

SSRM has been the subject of a number of recent analyst reports. BidaskClub cut shares of SSR Mining from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. ValuEngine upgraded shares of SSR Mining from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. TheStreet upgraded shares of SSR Mining from a “c+” rating to a “b-” rating in a research note on Friday, May 11th. Finally, Zacks Investment Research upgraded shares of SSR Mining from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Friday, May 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $11.88.

Shares of SSRM opened at $8.32 on Wednesday. SSR Mining has a 12 month low of $7.64 and a 12 month high of $11.44. The firm has a market cap of $991.90 million, a P/E ratio of 39.29 and a beta of -0.48. The company has a quick ratio of 6.20, a current ratio of 8.67 and a debt-to-equity ratio of 0.24.

A number of hedge funds have recently made changes to their positions in the business. Swiss National Bank lifted its stake in SSR Mining by 2.9% in the first quarter. Swiss National Bank now owns 208,411 shares of the basic materials company’s stock valued at $2,005,000 after acquiring an additional 5,800 shares during the last quarter. Raymond James & Associates lifted its stake in SSR Mining by 36.6% in the second quarter. Raymond James & Associates now owns 23,536 shares of the basic materials company’s stock valued at $232,000 after acquiring an additional 6,300 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in SSR Mining by 14.3% in the second quarter. Great West Life Assurance Co. Can now owns 64,560 shares of the basic materials company’s stock valued at $636,000 after acquiring an additional 8,088 shares during the last quarter. GWM Advisors LLC lifted its stake in SSR Mining by 6.7% in the first quarter. GWM Advisors LLC now owns 134,741 shares of the basic materials company’s stock valued at $1,310,000 after acquiring an additional 8,487 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its stake in SSR Mining by 7.7% in the first quarter. Guggenheim Capital LLC now owns 152,545 shares of the basic materials company’s stock valued at $1,465,000 after acquiring an additional 10,862 shares during the last quarter. Hedge funds and other institutional investors own 48.29% of the company’s stock.

About SSR Mining

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; and the Seabee Gold Operation located in Saskatchewan, Canada.

See Also: What is a Tariff?

Get a free copy of the Zacks research report on SSR Mining (SSRM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for SSR Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSR Mining and related companies with MarketBeat.com's FREE daily email newsletter.