SSR Mining (TSE:SSRM) Shares Down 5.1% – Here’s What Happened

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

Analyst Ratings Changes

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

SSR Mining Trading Down 5.1%

The company has a debt-to-equity ratio of 11.76, a current ratio of 2.08 and a quick ratio of 3.80. The company has a market cap of C$6.95 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 5.64 and a beta of 1.07. The business’s fifty day moving average price is C$37.22 and its 200 day moving average price is C$33.24.

SSR Mining (TSE:SSRM) last posted its quarterly earnings data on Saturday, January 31st. The company reported C$1.21 earnings per share for the quarter. The business had revenue of C$694.09 million during the quarter. SSR Mining had a return on equity of 12.03% and a net margin of 24.34%. Research 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.