SSR Mining (TSE:SSRM) Stock Rating Upgraded by BMO Capital Markets

SSR Mining (TSE:SSRM) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Thursday,BayStreet.CA reports. The firm currently has a C$41.00 target price on the stock, up from their previous target price of C$27.00. BMO Capital Markets’ price objective suggests a potential downside of 1.11% from the company’s previous close.

Separately, TD Securities boosted their target price on shares of SSR Mining from C$45.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday. Four research 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 an average price target of C$47.50.

SSR Mining Stock Down 2.7%

Shares of SSR Mining stock opened at C$41.46 on Thursday. The firm has a market cap of C$8.43 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 5.64 and a beta of 1.07. The stock has a 50-day simple moving average of C$35.55 and a 200-day simple moving average of C$32.14. SSR Mining has a 52-week low of C$12.30 and a 52-week high of C$45.70. The company has a debt-to-equity ratio of 11.76, a current ratio of 2.08 and a quick ratio of 3.80.

SSR Mining (TSE:SSRM) last released its quarterly earnings data on Saturday, January 31st. The company reported C$1.20 EPS for the quarter. The firm had revenue of C$694.09 million for the quarter. SSR Mining had a return on equity of 12.03% and a net margin of 24.34%. On average, equities research analysts expect that SSR Mining will post 0.8051668 earnings per share 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.