SSR Mining (SSRM) Releases Earnings Results, Misses Estimates By $0.09 EPS
SSR Mining (NASDAQ:SSRM) (TSE:SSO) posted its quarterly earnings data on Thursday. The basic materials company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.09), Briefing.com reports. SSR Mining had a return on equity of 7.08% and a net margin of 14.10%. The business had revenue of $107.88 million for the quarter, compared to analyst estimates of $113.00 million. The business’s revenue for the quarter was down 15.3% on a year-over-year basis.
Shares of SSR Mining (NASDAQ SSRM) traded up $0.06 during trading hours on Friday, reaching $8.33. 749,300 shares of the company traded hands, compared to its average volume of 1,270,293. SSR Mining has a twelve month low of $7.64 and a twelve month high of $12.02. The firm has a market cap of $973.68, a P/E ratio of 15.96 and a beta of -0.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 10.42 and a quick ratio of 7.96.
A number of research firms have recently commented on SSRM. BidaskClub downgraded shares of SSR Mining from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Scotiabank downgraded shares of SSR Mining from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 9th. Credit Suisse Group upgraded shares of SSR Mining from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 16th. Finally, National Bank Financial restated an “outperform market weight” rating on shares of SSR Mining in a research note on Wednesday, December 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $12.38.
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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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