SSR Mining Inc. (NASDAQ:SSRM) Forecasted to Post Q1 2022 Earnings of $0.26 Per Share

SSR Mining Inc. (NASDAQ:SSRMGet Rating) (TSE:SSO) – Investment analysts at National Bank Financial issued their Q1 2022 earnings per share estimates for shares of SSR Mining in a research report issued to clients and investors on Tuesday, April 19th. National Bank Financial analyst M. Parkin forecasts that the basic materials company will post earnings of $0.26 per share for the quarter.

SSR Mining (NASDAQ:SSRMGet Rating) (TSE:SSO) last issued its earnings results on Wednesday, February 23rd. The basic materials company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). The business had revenue of $407.92 million during the quarter, compared to analyst estimates of $387.62 million. SSR Mining had a net margin of 19.78% and a return on equity of 9.75%. During the same quarter last year, the company earned $0.50 earnings per share.

A number of other equities research analysts have also recently commented on SSRM. Canaccord Genuity Group increased their target price on shares of SSR Mining from C$27.00 to C$29.00 in a research report on Friday, February 25th. StockNews.com assumed coverage on shares of SSR Mining in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Scotiabank increased their target price on shares of SSR Mining from C$31.00 to C$33.50 in a research report on Tuesday. TD Securities raised their price objective on shares of SSR Mining from C$29.00 to C$33.00 in a research report on Thursday, February 24th. Finally, Zacks Investment Research upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, February 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, SSR Mining presently has a consensus rating of “Hold” and an average price target of $28.93.

Shares of NASDAQ SSRM opened at $22.31 on Thursday. The firm has a 50-day simple moving average of $21.42 and a 200-day simple moving average of $18.61. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 6.30 and a beta of 0.97. The company has a quick ratio of 4.27, a current ratio of 5.64 and a debt-to-equity ratio of 0.07. SSR Mining has a 52 week low of $14.19 and a 52 week high of $24.58.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 4th. Investors of record on Monday, March 7th were given a dividend of $0.07 per share. This is a boost from SSR Mining’s previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Friday, March 4th. SSR Mining’s dividend payout ratio (DPR) is presently 21.21%.

In other SSR Mining news, CFO Alison Lynn White sold 4,223 shares of the stock in a transaction dated Thursday, March 31st. The shares were sold at an average price of $22.07, for a total transaction of $93,201.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of SSR Mining in the fourth quarter valued at approximately $44,132,000. Paulson & CO. Inc. boosted its stake in shares of SSR Mining by 138.1% in the fourth quarter. Paulson & CO. Inc. now owns 3,120,242 shares of the basic materials company’s stock valued at $55,228,000 after purchasing an additional 1,810,000 shares during the period. Mackenzie Financial Corp boosted its stake in shares of SSR Mining by 33.7% in the fourth quarter. Mackenzie Financial Corp now owns 5,249,813 shares of the basic materials company’s stock valued at $92,927,000 after purchasing an additional 1,324,571 shares during the period. Capital World Investors boosted its stake in shares of SSR Mining by 100.4% in the third quarter. Capital World Investors now owns 2,445,000 shares of the basic materials company’s stock valued at $35,575,000 after purchasing an additional 1,225,000 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of SSR Mining by 129.5% in the fourth quarter. American Century Companies Inc. now owns 855,231 shares of the basic materials company’s stock valued at $15,138,000 after purchasing an additional 482,626 shares during the period. 62.65% of the stock is owned by institutional investors.

SSR Mining Company Profile (Get Rating)

SSR Mining Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, copper, lead, and zinc deposits. Its projects include the Ãöpler Gold mine located in Erzincan, Turkey; the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.

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