SSR Mining (SSRM) Posts Earnings Results
SSR Mining (NASDAQ:SSRM) (TSE:SSO) released its quarterly earnings results on Thursday. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.08, Briefing.com reports. The business had revenue of $104.00 million during the quarter, compared to the consensus estimate of $107.90 million. SSR Mining had a return on equity of 2.60% and a net margin of 12.44%. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS.
Shares of SSR Mining traded up $0.18, reaching $10.27, during mid-day trading on Friday, MarketBeat reports. 1,176,629 shares of the company traded hands, compared to its average volume of 607,168. The company has a market cap of $1.22 billion, a PE ratio of 30.21 and a beta of -0.46. The company has a current ratio of 10.40, a quick ratio of 7.60 and a debt-to-equity ratio of 0.24. SSR Mining has a 52 week low of $7.64 and a 52 week high of $11.44.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded SSR Mining from a “sell” rating to a “hold” rating in a research note on Saturday. TheStreet downgraded SSR Mining from a “b-” rating to a “c” rating in a research note on Monday, June 25th. ValuEngine upgraded SSR Mining from a “hold” rating to a “buy” rating in a research note on Friday, June 15th. Finally, BidaskClub downgraded SSR Mining from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $12.50.
SSR Mining Inc engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include the Marigold mine located in Humboldt County, Nevada, the United States; and the Seabee Gold Operation located in Saskatchewan, Canada.
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