SSR Mining (TSE:SSRM) Announces Earnings Results

SSR Mining (TSE:SSRM) released its earnings results on Tuesday. The company reported C$0.91 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$637.29 million for the quarter. SSR Mining had a return on equity of 7.47% and a net margin of 12.77%.

SSR Mining Price Performance

TSE SSRM opened at C$39.28 on Thursday. SSR Mining has a 1 year low of C$25.83 and a 1 year high of C$54.50. The company has a fifty day simple moving average of C$47.28 and a 200 day simple moving average of C$42.12. The company has a current ratio of 7.53, a quick ratio of 3.80 and a debt-to-equity ratio of 0.07. The company has a market cap of C$8.50 billion, a P/E ratio of 35.39, a P/E/G ratio of 5.64 and a beta of 1.59.

SSR Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, September 11th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SSRM. ATB Cormark Capital Markets increased their price target on shares of SSR Mining from C$59.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Thursday, October 1st. TD set a C$52.00 price objective on shares of SSR Mining and gave the company a “buy” rating in a research report on Thursday, October 1st. Five analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$53.40.

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.