SSR Mining (TSE:SSRM) Trading Down 5.1% – Should You Sell?

SSR Mining Inc. (TSE:SSRM)’s share price traded down 5.1% on Thursday . The company traded as low as C$34.12 and last traded at C$34.16. 406,175 shares traded hands during trading, a decline of 28% from the average session volume of 560,766 shares. The stock had previously closed at C$36.01.

Analyst Ratings Changes

A number of brokerages recently issued reports on SSRM. BMO Capital Markets raised shares of SSR Mining from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$27.00 to C$41.00 in a research note on Thursday, March 5th. National Bank Financial upgraded SSR Mining from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$43.00 to C$57.00 in a research note on Thursday, March 5th. Finally, TD Securities raised their target price on SSR Mining from C$45.00 to C$53.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, SSR Mining currently has an average rating of “Buy” and an average target price of C$47.50.

SSR Mining Stock Performance

The stock has a market cap of C$6.95 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 5.64 and a beta of 1.07. The company has a quick ratio of 3.80, a current ratio of 2.08 and a debt-to-equity ratio of 11.76. The company has a 50 day simple moving average of C$37.22 and a 200 day simple moving average of C$33.24.

SSR Mining (TSE:SSRM) last posted its quarterly earnings results on Saturday, January 31st. The company reported C$1.21 earnings per share for the quarter. The company had revenue of C$694.09 million for the quarter. SSR Mining had a net margin of 24.34% and a return on equity of 12.03%. As a group, equities research analysts forecast that SSR Mining Inc. will post 0.8051668 EPS for the current 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.