FY2017 EPS Estimates for SSR Mining Inc (SSRM) Boosted by Cormark
SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) – Equities research analysts at Cormark increased their FY2017 earnings estimates for SSR Mining in a research report issued to clients and investors on Wednesday. Cormark analyst R. Gray now expects that the basic materials company will earn $0.45 per share for the year, up from their prior forecast of $0.38. Cormark also issued estimates for SSR Mining’s Q4 2017 earnings at $0.14 EPS, Q2 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.19 EPS and FY2018 earnings at $0.38 EPS.
Other equities research analysts have also recently issued reports about the stock. 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 report on Tuesday, October 3rd. Scotiabank upgraded shares of SSR Mining from a “sector perform” rating to an “outperform” rating and set a $13.00 price target for the company in a report on Monday, September 25th. BMO Capital Markets initiated coverage on shares of SSR Mining in a report on Friday, November 17th. They set an “outperform” rating and a $12.50 price target for the company. Credit Suisse Group upgraded shares of SSR Mining from a “neutral” rating to an “outperform” rating in a report on Tuesday. Finally, National Bank Financial restated an “outperform market weight” rating on shares of SSR Mining in a report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $12.38.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). SSR Mining had a net margin of 14.10% and a return on equity of 7.08%.
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SSR Mining Company Profile
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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