SSR Mining (TSE:SSRM) Shares Down 6% – Here’s What Happened

SSR Mining Inc. (TSE:SSRM)’s stock price dropped 6% during trading on Wednesday . The company traded as low as C$38.39 and last traded at C$39.89. Approximately 486,721 shares traded hands during trading, a decline of 6% from the average session volume of 515,810 shares. The stock had previously closed at C$42.44.

SSR Mining Stock Down 6.0%

The stock has a market cap of C$8.28 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 5.64 and a beta of 1.37. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.80 and a current ratio of 5.33. The firm’s 50-day simple moving average is C$41.77 and its two-hundred day simple moving average is C$38.86.

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. The company had revenue of C$581.78 million for the quarter. SSR Mining had a net margin of 12.26% and a return on equity of 6.80%. On average, sell-side analysts expect that SSR Mining Inc. will post 0.8051668 EPS for the current fiscal 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.