SSR Mining (TSE:SSRM) Issues Earnings Results

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

SSR Mining Price Performance

TSE SSRM opened at C$46.61 on Thursday. The company has a quick ratio of 3.80, a current ratio of 2.08 and a debt-to-equity ratio of 11.76. The company has a market cap of C$9.54 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 5.64 and a beta of 1.18. SSR Mining has a 52 week low of C$14.24 and a 52 week high of C$50.44. The firm’s 50-day simple moving average is C$40.95 and its two-hundred day simple moving average is C$35.22.

Wall Street Analyst Weigh In

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

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.