SSR Mining (TSE:SSRM) Hits New 52-Week High on Analyst Upgrade

SSR Mining Inc. (TSE:SSRM) hit a new 52-week high during trading on Friday after TD Securities upgraded the stock from a hold rating to a buy rating. TD Securities now has a C$43.00 price target on the stock, up from their previous price target of C$33.00. SSR Mining traded as high as C$36.95 and last traded at C$35.71, with a volume of 281708 shares traded. The stock had previously closed at C$35.82.

Separately, Scotiabank raised SSR Mining from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$19.00 to C$39.00 in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, SSR Mining has an average rating of “Moderate Buy” and an average target price of C$35.58.

SSR Mining Trading Up 0.4%

The company has a current ratio of 3.91, a quick ratio of 3.80 and a debt-to-equity ratio of 11.04. The company has a 50 day moving average of C$31.01 and a 200 day moving average of C$28.14. The firm has a market cap of C$7.30 billion, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63.

SSR Mining (TSE:SSRM) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.32 earnings per share (EPS) for the quarter. The business had revenue of C$537.25 million during the quarter. SSR Mining had a negative return on equity of 15.34% and a negative net margin of 44.13%. As a group, research analysts anticipate that SSR Mining Inc. will post 0.8051668 EPS for the current 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.