SSR Mining Inc (SSO) Forecasted to Earn FY2017 Earnings of $0.55 Per Share
SSR Mining Inc (TSE:SSO) (NASDAQ:SSRI) – Investment analysts at Cormark dropped their FY2017 earnings per share estimates for SSR Mining in a report issued on Monday. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.55 per share for the year, down from their prior estimate of $0.67. Cormark also issued estimates for SSR Mining’s Q4 2017 earnings at $0.13 EPS, Q1 2018 earnings at $0.11 EPS, Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.09 EPS and FY2018 earnings at $0.54 EPS.
A number of other research firms have also recently weighed in on SSO. Deutsche Bank AG lowered their price target on shares of SSR Mining from C$14.50 to C$14.00 in a report on Friday, June 23rd. Royal Bank Of Canada upgraded shares of SSR Mining from a “sector perform” rating to an “outperform” rating and set a C$17.00 price target on the stock in a report on Thursday, June 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$14.96.
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SSR Mining (TSE:SSO) opened at 12.01 on Wednesday. SSR Mining has a 12 month low of $10.32 and a 12 month high of $20.48. The company has a 50-day moving average of $12.30 and a 200-day moving average of $13.52.
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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