SSR Mining (TSE:SSRM) Upgraded by TD Securities to Buy Rating

SSR Mining (TSE:SSRM) was upgraded by investment analysts at TD Securities from a “hold” rating to a “buy” rating in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a C$43.00 price target on the stock, up from their prior price target of C$33.00. TD Securities’ price objective suggests a potential upside of 20.38% from the stock’s current price.

Separately, Scotiabank upgraded SSR Mining from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$19.00 to C$39.00 in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$35.58.

SSR Mining Stock Up 11.7%

Shares of SSRM traded up C$3.73 during mid-day trading on Thursday, hitting C$35.72. 503,816 shares of the company’s stock were exchanged, compared to its average volume of 506,720. The stock’s 50-day moving average is C$30.77 and its 200-day moving average is C$27.88. The company has a debt-to-equity ratio of 11.04, a quick ratio of 3.80 and a current ratio of 3.91. SSR Mining has a fifty-two week low of C$10.87 and a fifty-two week high of C$36.45. The company has a market cap of C$7.25 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 5.64 and a beta of 0.63.

SSR Mining (TSE:SSRM) last announced its earnings results on Tuesday, November 4th. The company reported C$0.32 earnings per share for the quarter. SSR Mining had a negative net margin of 44.13% and a negative return on equity of 15.34%. The firm had revenue of C$537.25 million for the quarter. On average, sell-side analysts anticipate 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.