SSR Mining (TSE:SSRM) Stock Falls 7.4% – What’s Next?

SSR Mining Inc. (TSE:SSRM) shares traded down 7.4% during trading on Thursday. The stock traded as low as C$40.71 and last traded at C$40.93. Approximately 355,526 shares were traded during mid-day trading, a decline of 27% from the average session volume of 483,744 shares. The stock had previously closed at C$44.20.

Analyst Upgrades and Downgrades

SSRM has been the topic of several recent analyst reports. ATB Cormark Capital Markets lifted their price target on SSR Mining from C$59.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Thursday, October 1st. TD set a C$52.00 target price on SSR Mining and gave the stock a “buy” rating in a report on Thursday, October 1st. Five equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$53.40.

SSR Mining Stock Performance

The firm has a market cap of C$8.60 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 5.64 and a beta of 1.59. The stock has a 50-day moving average of C$49.04 and a 200-day moving average of C$44.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.80 and a current ratio of 9.79.

SSR Mining (TSE:SSRM) last issued its quarterly earnings results on Tuesday, August 4th. The company reported C$0.94 earnings per share (EPS) for the quarter. The firm had revenue of C$630.54 million for the quarter. SSR Mining had a net margin of 12.39% and a return on equity of 6.95%. As a group, analysts anticipate that SSR Mining Inc. will post 0.81 EPS for the current fiscal year.

SSR Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, September 11th were paid a $0.03 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%.

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.