[U.S. Stock Company Research] SSR Mining: Profit Expectations Continue to Rise

However, it is important to note that this 30% year-on-year cost increase was almost entirely attributable to an exceptionally capital-intensive quarter—capital expenditures surged from $9.1 million in Q1 2019 to $25.9 million in Q1 2020. Thus, although the overall sustaining costs may appear concerning at first glance, the primary driver behind the cost rise was far-above-typical deferred stripping and processing equipment upgrades. Meanwhile, gold’s rally remains robust, up 76%, with annual gains reaching as high as 300 basis points—and sustained near its highs for 12 consecutive months. If we turn to the company’s Seabee mine in Canada—the second-largest source of its production—this too was a solid quarter, with output continuing its upward trend. Last year, we witnessed the mine achieve record production for the sixth consecutive year. Had the mine not been temporarily shut down on March 25, Seabee would likely have set another annual production record in 2020; in Q1 alone, it produced 29,500 ounces. While this quarter was not a record-breaking one for Seabee—and output actually declined slightly year-on-year—we did observe throughput in January and February approaching historical highs, with daily throughput exceeding 1,050 tons. Full-year sustaining costs rose 4% to $982 per ounce, yet Seabee’s quarterly revenue hit a record $44.7 million. This was driven by a substantial increase in gold prices, with realized gold prices averaging $1,615 per ounce in Q1—a 24% year-on-year increase. Consequently, although sustaining costs were marginally higher this quarter, the surge in gold prices more than offset this impact. Let’s examine the company’s earnings trend below: As shown in the chart below, SSR Mining’s earnings have traded across a wide range over the past several years—but we expect to see a breakout in full-year 2020 earnings. Prior to 2016, the highest EPS ever recorded was $0.96; pre-2020 forecasts projected $1.30 per share. This represents a highly optimistic long-term development—especially when earnings breakthroughs coincide with price breakthroughs, as evident in SSR’s technical charts. Moreover, the upward trend in annual EPS should please bulls, particularly given SSR Mining’s expected P/E ratio of just 16x—even though the company’s projected earnings growth rate prior to 2020 exceeded 50%. Typically, we would also examine full-year 2021 earnings to assess whether this upward trend continues. However, we consider full-year 2021 earnings estimates here less meaningful, as we must also account for SSR Mining’s merger with Alacer Gold. Turning to gross margin, we observe a steady upward trend since 2018, driven by stronger gold prices—though we did see declines of 190 basis points and 600 basis points in the most recent two quarters, respectively. While this would normally be a red flag—since I prefer expanding margins alongside strong earnings growth—the significance of these gross margin fluctuations diminishes somewhat given Alacer Gold’s industry-leading margins.

Minerals Technologies Inc. (MTX.US): Q4 2021 Earnings Report Shows Revenue of $476.9 Million

Minerals Technologies Inc. (MTX.US): Q4 2021 revenue totaled $476.9 million, compared to $431.8 million in the prior quarter and $488.9 million in consensus estimates—2.45% below market expectations. Earnings per share (EPS) came in at $1.25, versus $1.08 in the prior quarter and $1.21 in consensus estimates—3.31% above market expectations. Company Profile of Minerals Technologies (MTX.US): Minerals Technologies Inc. is a resource- and technology-based company. It develops, produces, and sells a broad range of mineral, mineral-based, and synthetic mineral products. It operates through four business segments: Performance Materials, Specialty Minerals, Refractories, and Energy Services. The Performance Materials segment supplies bentonite and bentonite-related products, chromite, and siderite. The Specialty Minerals segment produces and sells synthetic mineral products—including precipitated calcium carbonate—as well as processed mineral products such as quicklime. It mines ore and then processes and sells natural mineral products, primarily limestone and talc.

Minerals Technologies Inc (MTX) Earnings Forecast: Future EPS & Revenue Growth Estimates

Jun 18, 2026

Minerals Technologies Inc (MTX) holds a Buy trend with an earnings forecast score of 8.00 in the Chemicals industry. Analysts project next quarter revenue of $558.12M and an EPS of $1.63, targeting an average stock price of $82.00.

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