SSR Mining Inc. (TSE:SSRM) Stock Has Consensus Price Target of C$51.00

Shares of SSR Mining Inc. (TSE:SSRM) have been assigned an average recommendation of “Buy” from the six ratings firms that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$51.00.

A number of equities analysts have recently issued reports on the company. ATB Cormark Capital Markets raised their price objective on SSR Mining from C$59.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Thursday, October 1st. TD set a C$52.00 price objective on shares of SSR Mining and gave the company a “buy” rating in a report on Thursday, October 1st.

SSR Mining Stock Performance

TSE:SSRM opened at C$46.71 on Thursday. The stock’s 50-day moving average is C$48.07 and its 200-day moving average is C$43.48. SSR Mining has a 1-year low of C$25.83 and a 1-year high of C$54.50. The company has a current ratio of 9.79, a quick ratio of 3.80 and a debt-to-equity ratio of 0.07. The stock has a market cap of C$9.52 billion, a P/E ratio of 42.08, a price-to-earnings-growth ratio of 5.64 and a beta of 1.59.

SSR Mining (TSE:SSRM) last posted its earnings results on Tuesday, August 4th. The company reported C$0.94 EPS for the quarter. The business had revenue of C$630.54 million for the quarter. SSR Mining had a net margin of 12.39% and a return on equity of 6.95%. Equities research analysts anticipate that SSR Mining will post 0.8051668 earnings per share for the current year.

SSR Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, September 11th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, August 14th.

About SSR Mining

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.