SSR Mining (TSE:SSRM) Stock Price Target Raised at ATB Cormark Capital Markets

SSR Mining (TSE:SSRM) had its target price boosted by equities researchers at ATB Cormark Capital Markets from C$59.00 to C$64.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective would indicate a potential upside of 34.12% from the stock’s previous close.

Separately, 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. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$51.00.

SSR Mining Price Performance

Shares of SSRM stock traded up C$0.28 on Thursday, reaching C$47.72. The company’s stock had a trading volume of 226,364 shares, compared to its average volume of 489,506. The stock’s fifty day simple moving average is C$46.99 and its 200-day simple moving average is C$43.10. 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 company has a market capitalization of C$10.33 billion, a price-to-earnings ratio of 42.99, a price-to-earnings-growth ratio of 5.64 and a beta of 1.69.

SSR Mining (TSE:SSRM) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$0.94 earnings per share (EPS) for the quarter. The company 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%. Analysts forecast that SSR Mining 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.