TD Securities Issues Positive Forecast for SSR Mining (TSE:SSRM) Stock Price

SSR Mining (TSE:SSRM) had its price target raised by investment analysts at TD Securities from C$45.00 to C$53.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 27.50% from the company’s previous close.

SSR Mining Stock Down 8.3%

Shares of SSRM traded down C$3.75 during midday trading on Thursday, reaching C$41.57. 761,980 shares of the stock were exchanged, compared to its average volume of 568,100. The company has a market cap of C$8.45 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 5.64 and a beta of 0.64. The company has a quick ratio of 3.80, a current ratio of 2.08 and a debt-to-equity ratio of 11.76. SSR Mining has a 12-month low of C$12.30 and a 12-month high of C$45.70. The firm has a 50 day simple moving average of C$35.11 and a 200-day simple moving average of C$31.93.

SSR Mining (TSE:SSRM) last released its quarterly earnings data on Saturday, January 31st. The company reported C$1.20 EPS for the quarter. The firm 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%. Research analysts forecast that SSR Mining will post 0.8051668 EPS for the current 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.