SSR Mining (TSE:SSRM) Shares Up 0.6% – Should You Buy?

Shares of SSR Mining Inc. (TSE:SSRM) rose 0.6% during trading on Wednesday . The stock traded as high as C$47.44 and last traded at C$44.83. Approximately 966,539 shares changed hands during mid-day trading, an increase of 87% from the average daily volume of 515,666 shares. The stock had previously closed at C$44.58.

Analysts Set New Price Targets

SSRM has been the topic of a number of recent analyst reports. National Bank Financial upgraded SSR Mining from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$43.00 to C$57.00 in a research report on Thursday, March 5th. TD Securities lifted their target price on SSR Mining from C$45.00 to C$53.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, BMO Capital Markets upgraded SSR Mining from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$27.00 to C$41.00 in a research report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$47.50.

SSR Mining Price Performance

The firm has a market cap of C$9.70 billion, a P/E ratio of 42.70, a price-to-earnings-growth ratio of 5.64 and a beta of 1.27. The company has a current ratio of 5.33, a quick ratio of 3.80 and a debt-to-equity ratio of 1.88. The business has a 50-day moving average of C$42.29 and a two-hundred day moving average of C$37.63.

SSR Mining (TSE:SSRM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$1.60 earnings per share for the quarter. The business had revenue of C$581.78 million for the quarter. SSR Mining had a return on equity of 6.80% and a net margin of 12.26%. On average, sell-side analysts anticipate that SSR Mining Inc. will post 0.8051668 earnings per share 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.