SSR Mining (TSE:SSRM) Releases Earnings Results

SSR Mining (TSE:SSRM) announced its quarterly earnings results on Tuesday. The company reported C$1.60 EPS for the quarter, FiscalAI reports. SSR Mining had a return on equity of 12.03% and a net margin of 24.34%.The company had revenue of C$581.78 million during the quarter.

SSR Mining Stock Down 0.3%

Shares of SSRM stock traded down C$0.10 during trading hours on Tuesday, hitting C$38.47. 242,855 shares of the company were exchanged, compared to its average volume of 514,453. The business has a 50 day moving average of C$40.96 and a two-hundred day moving average of C$35.14. The company has a current ratio of 2.08, a quick ratio of 3.80 and a debt-to-equity ratio of 11.76. SSR Mining has a 52 week low of C$14.24 and a 52 week high of C$50.44. The company has a market capitalization of C$7.88 billion, a PE ratio of 20.79, a PEG ratio of 5.64 and a beta of 1.12.

Analysts Set New Price Targets

SSRM has been the subject of a number of analyst reports. BMO Capital Markets upgraded shares of SSR Mining from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$27.00 to C$41.00 in a report on Thursday, March 5th. TD Securities boosted their price target on shares of SSR Mining from C$45.00 to C$53.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Finally, National Bank Financial upgraded shares of SSR Mining from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$43.00 to C$57.00 in a research report on Thursday, March 5th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$47.50.

SSR Mining Company Profile

SSR Mining Inc is an intermediate gold company with assets located in four jurisdictions: the USA, Türkiye, Canada, and Argentina. These assets are located within several of the world’s most prolific precious metal districts including the Çöpler mine along the Tethyan belt in Türkiye; the Marigold mine along the Battle Mountain-Eureka trend in Nevada, USA; the CC&V mine in the Cripple Creek Mining District of Colorado, USA; the Seabee mine along the Trans-Hudson Corridor in Saskatchewan, Canada; and the Puna mine along the Bolivian silver belt in Jujuy, Argentina.