BMO Capital Markets Upgrades SSR Mining (TSE:SSRM) to “Outperform”

SSR Mining (TSE:SSRM) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report issued on Thursday,BayStreet.CA reports. The firm currently has a C$41.00 price objective on the stock, up from their prior price objective of C$27.00. BMO Capital Markets’ price target points to a potential downside of 1.37% from the stock’s current price.

Separately, TD Securities boosted their price target on shares of SSR Mining from C$45.00 to C$53.00 and gave the company a “buy” rating in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, SSR Mining has a consensus rating of “Buy” and an average price target of C$47.50.

SSR Mining Stock Down 8.3%

Shares of SSRM stock traded down C$3.75 during mid-day trading on Thursday, hitting C$41.57. The stock had a trading volume of 761,980 shares, compared to its average volume of 568,100. SSR Mining has a 12-month low of C$12.30 and a 12-month high of C$45.70. The company has a debt-to-equity ratio of 11.76, a current ratio of 2.08 and a quick ratio of 3.80. The firm’s 50-day moving average is C$35.11 and its two-hundred day moving average is C$31.93. The firm has a market capitalization of C$8.45 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 5.64 and a beta of 0.64.

SSR Mining (TSE:SSRM) last released its quarterly earnings data on Saturday, January 31st. The company reported C$1.20 earnings per share for the quarter. SSR Mining had a return on equity of 12.03% and a net margin of 24.34%.The firm had revenue of C$694.09 million during the quarter. On average, analysts predict that SSR Mining will post 0.8051668 earnings per share for the current fiscal 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.