SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) – Investment analysts at Cormark issued their Q1 2019 EPS estimates for shares of SSR Mining in a research report issued to clients and investors on Monday. Cormark analyst R. Gray anticipates that the basic materials company will post earnings of $0.09 per share for the quarter. Cormark also issued estimates for SSR Mining’s Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.10 EPS and Q4 2019 earnings at $0.10 EPS.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). SSR Mining had a return on equity of 4.04% and a net margin of 15.76%. The company had revenue of $107.88 million for the quarter, compared to analyst estimates of $113.00 million. SSR Mining’s quarterly revenue was down 15.3% compared to the same quarter last year.
SSR Mining (SSRM) traded down $0.21 during mid-day trading on Tuesday, reaching $8.30. 962,600 shares of the company’s stock were exchanged, compared to its average volume of 1,255,347. The company has a current ratio of 11.19, a quick ratio of 7.96 and a debt-to-equity ratio of 0.23. SSR Mining has a 12 month low of $7.64 and a 12 month high of $11.49. The firm has a market capitalization of $1,010.00, a PE ratio of 17.22 and a beta of -0.18.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew its position in shares of SSR Mining by 8.2% during the fourth quarter. Renaissance Technologies LLC now owns 5,116,200 shares of the basic materials company’s stock worth $44,971,000 after acquiring an additional 388,617 shares during the last quarter. Investec Asset Management LTD grew its position in shares of SSR Mining by 5.0% during the fourth quarter. Investec Asset Management LTD now owns 3,140,554 shares of the basic materials company’s stock worth $27,605,000 after acquiring an additional 150,490 shares during the last quarter. Paloma Partners Management Co grew its position in shares of SSR Mining by 75.9% during the fourth quarter. Paloma Partners Management Co now owns 830,548 shares of the basic materials company’s stock worth $7,300,000 after acquiring an additional 358,459 shares during the last quarter. Loews Corp grew its position in shares of SSR Mining by 94.8% during the fourth quarter. Loews Corp now owns 804,644 shares of the basic materials company’s stock worth $7,073,000 after acquiring an additional 391,526 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of SSR Mining during the fourth quarter worth approximately $5,012,000. Institutional investors and hedge funds own 43.28% of the company’s stock.
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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