SSR Mining (TSE:SSRM) Upgraded by TD Securities to “Buy” Rating

TD Securities upgraded shares of SSR Mining (TSE:SSRM) from a hold rating to a buy rating in a report released on Thursday,BayStreet.CA reports. The brokerage currently has C$43.00 price target on the stock, up from their previous price target of C$33.00.

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

SSR Mining Price Performance

Shares of SSRM opened at C$35.82 on Thursday. 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’s fifty day simple moving average is C$30.89 and its 200 day simple moving average is C$27.94. SSR Mining has a 1-year low of C$10.87 and a 1-year high of C$36.45. The company has a market cap of C$7.27 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 5.64 and a beta of 0.63.

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