SSR Mining (TSE:SSRM) Trading Down 3.7% – Should You Sell?

SSR Mining Inc. (TSE:SSRM)’s share price was down 3.7% on Wednesday . The company traded as low as C$41.04 and last traded at C$41.11. Approximately 276,446 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 509,603 shares. The stock had previously closed at C$42.70.

Analyst Upgrades and Downgrades

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

SSR Mining Trading Up 3.6%

The company has a quick ratio of 3.80, a current ratio of 5.33 and a debt-to-equity ratio of 1.88. The business’s fifty day moving average is C$41.72 and its 200 day moving average is C$36.66. The firm has a market capitalization of C$9.33 billion, a price-to-earnings ratio of 41.04, a price-to-earnings-growth ratio of 5.64 and a beta of 1.18.

SSR Mining (TSE:SSRM) last issued its quarterly 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 firm had revenue of C$581.78 million for the quarter. Equities 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.