National Bank Financial Has Lowered Expectations for SSR Mining (TSE:SSRM) Stock Price

SSR Mining (TSE:SSRM) had its price target reduced by equities research analysts at National Bank Financial from C$68.00 to C$65.00 in a report released on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial‘s price objective indicates a potential upside of 62.09% from the stock’s current price.

Several other analysts also recently issued reports on the stock. TD set a C$52.00 price objective on shares of SSR Mining and gave the stock a “buy” rating in a research note on Thursday, October 1st. ATB Cormark Capital Markets upped their target price on SSR Mining from C$59.00 to C$64.00 and gave the company an “outperform” rating in a research note on Thursday, October 1st. Five research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$55.00.

SSR Mining Trading Up 2.5%

Shares of SSRM traded up C$0.96 during midday trading on Thursday, hitting C$40.10. The stock had a trading volume of 259,691 shares, compared to its average volume of 479,703. The stock’s 50 day moving average is C$46.73 and its 200 day moving average is C$42.19. The firm has a market cap of C$8.00 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 5.64 and a beta of 1.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 7.53 and a quick ratio of 3.80. SSR Mining has a 1 year low of C$27.55 and a 1 year high of C$54.50.

SSR Mining (TSE:SSRM) last released its quarterly earnings results on Tuesday, November 3rd. The company reported C$0.91 EPS for the quarter. The firm had revenue of C$637.29 million during the quarter. SSR Mining had a net margin of 12.77% and a return on equity of 7.47%. As a group, analysts forecast that SSR Mining will post 0.81 EPS for the current fiscal year.

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.