SSR Mining (TSE:SSRM) Stock Price Up 0.6% – Here’s Why

SSR Mining Inc. (TSE:SSRM) shares were up 0.6% on Wednesday . The stock traded as high as C$47.44 and last traded at C$44.83. Approximately 966,539 shares were traded during trading, an increase of 87% from the average daily volume of 515,666 shares. The stock had previously closed at C$44.58.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SSRM shares. TD Securities lifted 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 research report on Thursday, March 5th. National Bank Financial raised SSR Mining from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$43.00 to C$57.00 in a report on Thursday, March 5th. Finally, BMO Capital Markets upgraded SSR Mining from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$27.00 to C$41.00 in a research report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$47.50.

SSR Mining Stock Performance

The company has a current ratio of 5.33, a quick ratio of 3.80 and a debt-to-equity ratio of 1.88. The stock’s 50 day moving average is C$42.26 and its 200 day moving average is C$37.71. The stock has a market capitalization of C$9.38 billion, a price-to-earnings ratio of 41.27, a PEG ratio of 5.64 and a beta of 1.27.

SSR Mining (TSE:SSRM) last announced its earnings results on Tuesday, May 5th. The company reported C$1.60 earnings per share (EPS) for the quarter. SSR Mining had a net margin of 12.26% and a return on equity of 6.80%. The company had revenue of C$581.78 million during the quarter. On average, analysts predict that SSR Mining Inc. will post 0.8051668 earnings per share for the current year.

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.