SSR Mining (TSE:SSRM) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of SSR Mining (TSE:SSRM) from a market perform rating to an outperform rating in a research report released on Thursday morning,BayStreet.CA reports. They currently have C$41.00 price objective on the stock, up from their prior price objective of C$27.00.

Separately, TD Securities boosted their target price on shares of SSR Mining from C$45.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$47.50.

SSR Mining Stock Down 2.7%

SSRM stock opened at C$41.46 on Thursday. The company’s 50 day moving average price is C$35.55 and its 200 day moving average price is C$32.20. The firm has a market capitalization of C$8.43 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 5.64 and a beta of 1.07. SSR Mining has a fifty-two week low of C$12.30 and a fifty-two week high of C$45.70. 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$1.20 earnings per share (EPS) for the quarter. SSR Mining had a net margin of 24.34% and a return on equity of 12.03%. The company had revenue of C$694.09 million during the quarter. On average, equities research analysts anticipate that SSR Mining will post 0.8051668 EPS for the current fiscal 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.