What’s Acceptable Profitability For SSR Mining Inc. (SSRM) and Canada Goose Holdings Inc. (GOOS)?

You should consider shares of SSR Mining Inc. (NASDAQ:SSRM) and Canada Goose Holdings Inc. (NYSE:GOOS) if you are looking for a great stocks to invest in. Starting with the SSRM shares, which traded at $15.66 at the close of the recent session, gaining 2.82%. On Friday, the company’s shares shed $0.43 from its value which represented in intraday trading. The stock is now 44.07% higher in year-to-date (YTD) trading. SSRM’s intraday high was $15.70 while its lowest price touched $15.20. The stock’s 52-week high price is $17.56, which means the current price is at -10.82%. In terms of trading activity, the daily trading volume fell to 801970 against 200-day average trading volume of 1,079,360 shares.

What are analyst forecasts for SSR Mining Inc. (NASDAQ:SSRM)?

At a consensus rating of 4.50, SSRM is trending as a streaking Strong Buy, as it has been the case a month ago when 6 analysts called it a Moderate Buy. Two months ago, 7 analysts recommended, on average, that SSRM stock is a Moderate Buy. The Basic Materials company’s shares’ overall bullish trend saw it close lower on Friday compared to its opening price of $15.26 on the day.

Forecasts for SSR Mining Inc. (NASDAQ:SSRM) give the stock a fair value for the growth of 20.02% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $19.58, which means the price per share could rise by nearly $3.92. The price range target is between a low of $16.00 and a high of $23.00. The stock would need to gain by about $31.91 to hit the estimated high or 0.65% from its 12-month low.

The consensus among 10 analysts is that it is a good time for one to Buy in the SSR Mining Inc. 8 analysts rate SSRM as a Buy, with 0 of 10 analysts rate it as a Sell. 1 have valued the stock as Overweight and 1 have recommended that investors Hold.

SSR Mining Inc. (NASDAQ:SSRM) Upgrades and Downgrades

In terms of rating changes, B. Riley FBR on November 13, 2019, Upgrade SSR Mining Inc. (SSRM) at Buy. They believe the stock could reach $23 in the near term. Analysts at B. Riley FBR have assigned a Neutral rating for the stock in their research note on March 01, 2019 with an estimated price target of $14.70. Moreover, Scotia Howard Weil analysts issued a rating of Sector Outperform for the stock on October 12, 2018. On January 16, 2018, the stock earned a Outperform rating due to an analyst call from Credit Suisse, while analysts from BMO Capital Markets on November 17, 2017 suggested that the stock is Outperform.

Canada Goose Holdings Inc. (NYSE:GOOS) adds -$0.56 on Friday

The GOOS stock has tanked -12.74% year-to-date and is currently trading at $38.15, which is -45.70% below its 52-week high. The company shares lost -1.45% on the day and have risen nearly 20.46% off a low hit. As of 11/29/19, this stock has risen 8.44% during the week and closed at $38.71 in the previous session. However, recent Canada Goose Holdings Inc. stock performance shows that GOOS shares are -8.88% down over the last month, and 2.28% up for the last three months.

Over the next 5-year period, earnings per share will be 28.57%. But will the GOOS stock surprise in the current quarter results, where the $0.46 actual EPS reported on 12/30/2017 surprised by 21.10% or was higher by $0.08 from the estimated $0.38.

Sales Growth to climb 21.10% for the year

How well will Canada Goose Holdings Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $50.3M and $50.3M in current quarter sales. The consensus estimated for the current quarter is $50.3M from sales. Forecasts for this fiscal year are between $417.32M and $422.67M and the consensus estimate for sales is at $420M. GOOS has its next quarter sales estimates at between $26.37M and $30.76M, with the quarter-over-quarter growth estimates at 27.00% and the annual growth forecast for the year at 21.10%.

Who owns shares in Canada Goose Holdings Inc. (GOOS)?

Let’s briefly focus on the share ownership of the Canada Goose Holdings Inc. (NYSE:GOOS) stock, where we find that 100.15% of shares are held by institutions. Ameriprise Financial, Inc. tops the list of institutional owners as it is holding 5.34 million shares or 8.99% of shares outstanding. FIL LTD and Artisan Partners Limited Partnership held 5.3 million and 5.05 million representing 8.92% and 8.49% respectively at the close of the last trading session. As of Sep 29, 2019, Select Equity Group, Inc. accounted for 4.21 million shares at over 185.13 million. This represented 7.08% of shares outstanding. American Century Companies, Inc. held 3.56 million shares at over 156.72 million representing 5.99% of shares outstanding.