National Bank Financial Upgrades SSR Mining (TSE:SSRM) to “Outperform”

SSR Mining (TSE:SSRM) was upgraded by equities researchers at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a C$57.00 price target on the stock, up from their prior price target of C$43.00. National Bank Financial’s price target indicates a potential upside of 37.48% from the stock’s current price.

Several other equities analysts also recently issued reports on the company. TD Securities lifted their price objective on SSR Mining from C$45.00 to C$53.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets upgraded SSR Mining from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$27.00 to C$41.00 in a report on Thursday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$47.50.

SSR Mining Stock Performance

TSE SSRM opened at C$41.46 on Thursday. SSR Mining has a 1-year low of C$12.30 and a 1-year high of C$45.70. The company has a 50 day moving average of C$35.55 and a 200-day moving average of C$32.14. The company has a current ratio of 2.08, a quick ratio of 3.80 and a debt-to-equity ratio of 11.76. The firm has a market cap of C$8.43 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 5.64 and a beta of 1.07.

SSR Mining (TSE:SSRM) last announced its earnings results on Saturday, January 31st. The company reported C$1.20 EPS for the quarter. The business 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 analysts forecast 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.