SSR Mining Inc reports results for the quarter ended in June - Earnings Summary

SSR Mining

01/08/2024 01:44

* SSR Mining Inc  SSRM.OQ  reported quarterly adjusted
earnings of
4 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 35
cents.  The mean expectation of eight analysts for the quarter
was for a loss of one cent per share. Wall Street expected
results to range from -12 cents to 5 cents per share.
    * Revenue fell 38.6% to $184.84 million from a year ago;
analysts
expected $172.79 million. 
    * SSR Mining Inc's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $9.69
million.
    * SSR Mining Inc shares had risen by 23.3% this quarter and
lost 46.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the gold peer
group is
also "hold"

Wall Street's median 12-month price target for SSR Mining Inc is
C$8.00 
This summary was machine generated from LSEG data August 1 at
12:44 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.12           -0.26          Missed
 Mar. 31 2024      0.25           0.16           Missed
 Dec. 31 2023      0.69           0.94           Beat
 Sep. 30 2023      0.65           0.66           Beat