SSR Mining (TSE:SSRM) Stock Price Down 2% – Should You Sell?

SSR Mining Inc. (TSE:SSRM)’s share price dropped 2% during mid-day trading on Wednesday . The company traded as low as C$34.09 and last traded at C$35.17. Approximately 293,477 shares were traded during trading, a decline of 42% from the average session volume of 504,527 shares. The stock had previously closed at C$35.87.

SSR Mining Price Performance

The business has a fifty day moving average of C$40.00 and a 200 day moving average of C$39.66. The firm has a market cap of C$7.78 billion, a P/E ratio of 34.23, a PEG ratio of 5.64 and a beta of 1.37. The company has a quick ratio of 3.80, a current ratio of 5.33 and a debt-to-equity ratio of 1.88.

SSR Mining (TSE:SSRM) last released its quarterly earnings results 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 during 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 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.