SSR Mining (TSE:SSRM) Stock Price Down 3.7% – Here’s What Happened

SSR Mining Inc. (TSE:SSRM) traded down 3.7% during mid-day trading on Wednesday . The stock traded as low as C$41.04 and last traded at C$41.11. 276,446 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 509,603 shares. The stock had previously closed at C$42.70.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. TD Securities raised their price objective on shares of SSR Mining from C$45.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. National Bank Financial raised shares of SSR Mining from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$43.00 to C$57.00 in a research note on Thursday, March 5th. Finally, BMO Capital Markets raised shares of SSR Mining from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$27.00 to C$41.00 in a research note on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, SSR Mining currently has a consensus rating of “Buy” and a consensus target price of C$47.50.

SSR Mining Trading Down 3.7%

The firm has a market capitalization of C$8.90 billion, a PE ratio of 39.15, a price-to-earnings-growth ratio of 5.64 and a beta of 1.18. The stock’s 50-day moving average price is C$41.66 and its 200 day moving average price is C$36.57. The company has a debt-to-equity ratio of 1.88, a current ratio of 5.33 and a quick ratio of 3.80.

SSR Mining (TSE:SSRM) last issued its earnings results on Tuesday, May 5th. The company reported C$1.60 EPS for the quarter. The business had revenue of C$581.78 million for the quarter. SSR Mining had a net margin of 12.26% and a return on equity of 6.80%. On average, sell-side analysts expect that SSR Mining Inc. will post 0.8051668 EPS for the current fiscal 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.