SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $7.70, but opened at $8.08. SSR Mining shares last traded at $9.25, with a volume of 3099900 shares trading hands.

SSRM has been the subject of a number of recent research reports. Zacks Investment Research lowered SSR Mining from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. BMO Capital Markets initiated coverage on SSR Mining in a research note on Friday, November 17th. They set an “outperform” rating and a $12.50 price objective for the company. National Bank Financial reiterated an “outperform market weight” rating on shares of SSR Mining in a research note on Wednesday, December 13th. Scotiabank upgraded SSR Mining from a “sector perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a research note on Monday, September 25th. Finally, Credit Suisse Group upgraded SSR Mining from a “neutral” rating to an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.38.

The firm has a market capitalization of $1,120.00, a P/E ratio of 18.39 and a beta of -0.33. The company has a current ratio of 10.42, a quick ratio of 7.96 and a debt-to-equity ratio of 0.23.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). SSR Mining had a net margin of 14.10% and a return on equity of 7.08%. equities analysts predict that SSR Mining Inc will post 0.51 earnings per share for the current year.

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SSR Mining Company Profile

SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.

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