SSR Mining Inc. (TSE:SSRM) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of SSR Mining Inc. (TSE:SSRM) have been given an average recommendation of “Buy” by the six ratings firms that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have covered the stock in the last year is C$51.00.

A number of research firms have commented on SSRM. ATB Cormark Capital Markets raised 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 report on Thursday. TD set a C$52.00 price target on SSR Mining and gave the company a “buy” rating in a research report on Thursday.

SSR Mining Price Performance

SSR Mining stock remained flat at C$47.44 during mid-day trading on Thursday. 256,443 shares of the company’s stock traded hands, compared to its average volume of 489,607. The firm has a market capitalization of C$10.27 billion, a PE ratio of 42.74, a price-to-earnings-growth ratio of 5.64 and a beta of 1.69. The company has a quick ratio of 3.80, a current ratio of 9.79 and a debt-to-equity ratio of 0.07. SSR Mining has a 52-week low of C$25.83 and a 52-week high of C$54.50. The firm’s 50 day moving average price is C$46.99 and its two-hundred day moving average price is C$43.10.

SSR Mining (TSE:SSRM) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.94 earnings per share for the quarter. The firm had revenue of C$630.54 million during the quarter. SSR Mining had a return on equity of 6.95% and a net margin of 12.39%. As a group, analysts forecast that SSR Mining will post 0.8051668 earnings per share for the current fiscal year.

SSR Mining Dividend Announcement

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

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.