SSR Mining (TSE:SSRM) Trading Down 5.1% – Here’s What Happened

Shares of SSR Mining Inc. (TSE:SSRM) were down 5.1% during trading on Thursday . The stock traded as low as C$34.12 and last traded at C$34.16. Approximately 406,175 shares changed hands during trading, a decline of 28% from the average daily volume of 560,766 shares. The stock had previously closed at C$36.01.

Analyst Ratings Changes

SSRM has been the topic of several research reports. BMO Capital Markets raised SSR Mining from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$27.00 to C$41.00 in a report on Thursday, March 5th. TD Securities boosted their price objective on SSR Mining from C$45.00 to C$53.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, National Bank Financial raised shares of SSR Mining from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$43.00 to C$57.00 in a research note on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, SSR Mining has a consensus rating of “Buy” and an average price target of C$47.50.

SSR Mining Stock Performance

The company has a market capitalization of C$7.51 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 5.64 and a beta of 1.07. The firm’s 50 day simple moving average is C$37.32 and its 200-day simple moving average is C$33.29. The company has a debt-to-equity ratio of 11.76, a quick ratio of 3.80 and a current ratio of 2.08.

SSR Mining (TSE:SSRM) last issued its quarterly earnings results on Saturday, January 31st. The company reported C$1.21 earnings per share 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%. Analysts expect that SSR Mining Inc. will post 0.8051668 EPS for the current 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.