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

SSR Mining (TSE:SSRM) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a C$43.00 price objective on the stock, up from their prior price objective of C$33.00. TD Securities’ price objective suggests a potential upside of 19.51% from the company’s current price.

Separately, Scotiabank upgraded SSR Mining from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$19.00 to C$39.00 in a research 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$35.58.

SSR Mining Stock Up 0.4%

SSRM opened at C$35.98 on Thursday. The firm has a market capitalization of C$7.30 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. SSR Mining has a one year low of C$10.87 and a one year high of C$36.95. The company has a fifty day moving average price of C$31.01 and a 200-day moving average price of C$28.06. The company has a debt-to-equity ratio of 11.04, a current ratio of 3.91 and a quick ratio of 3.80.

SSR Mining (TSE:SSRM) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.32 earnings per share (EPS) for the quarter. SSR Mining had a negative return on equity of 15.34% and a negative net margin of 44.13%.The company had revenue of C$537.25 million during the quarter. Equities research analysts expect 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.