SSR Mining (TSE:SSRM) Upgraded at National Bank Financial

National Bank Financial upgraded shares of SSR Mining (TSE:SSRM) from a sector perform rating to an outperform rating in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has C$57.00 price target on the stock, up from their prior price target of C$43.00.

Several other brokerages have also recently issued reports on SSRM. BMO Capital Markets raised SSR Mining from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$27.00 to C$41.00 in a report on Thursday. TD Securities raised their target price on shares of SSR Mining from C$45.00 to C$53.00 and gave the company a “buy” rating in a report on Thursday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$47.50.

SSR Mining Trading Down 2.7%

Shares of SSR Mining stock opened at C$41.46 on Thursday. The company has a 50-day moving average of C$35.55 and a two-hundred day moving average of C$32.20. SSR Mining has a 12-month low of C$12.30 and a 12-month high of C$45.70. The company has a current ratio of 2.08, a quick ratio of 3.80 and a debt-to-equity ratio of 11.76. The stock has a market cap of C$8.43 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 5.64 and a beta of 1.07.

SSR Mining (TSE:SSRM) last announced its quarterly earnings results on Saturday, January 31st. The company reported C$1.20 EPS 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%. On average, research analysts anticipate that SSR Mining will post 0.8051668 EPS 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.