SSR Mining (TSE:SSRM) Announces Quarterly Earnings Results

SSR Mining (TSE:SSRM) announced its quarterly earnings data on Tuesday. The company reported C$0.91 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$637.29 million for the quarter. SSR Mining had a net margin of 12.39% and a return on equity of 6.95%.

SSR Mining Price Performance

Shares of SSR Mining stock traded down C$0.89 during midday trading on Tuesday, hitting C$36.56. 416,806 shares of the company traded hands, compared to its average volume of 477,884. The firm’s fifty day moving average price is C$47.92 and its 200-day moving average price is C$42.07. The stock has a market cap of C$7.91 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 5.64 and a beta of 1.59. SSR Mining has a 12 month low of C$25.83 and a 12 month high of C$54.50. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, September 11th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.3%.

Analyst Ratings Changes

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

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.