SSR Mining (NASDAQ:SSRM) Issues Earnings Results

SSR Mining (NASDAQ:SSRM) (TSE:SSO) announced its quarterly earnings data on Tuesday. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08), Zacks reports. SSR Mining had a negative net margin of 44.13% and a positive return on equity of 4.05%.

SSR Mining Trading Up 2.1 %

Shares of NASDAQ:SSRM traded up $0.19 on Tuesday, hitting $9.33. 3,692,630 shares of the company’s stock were exchanged, compared to its average volume of 2,618,440. SSR Mining has a 12 month low of $3.90 and a 12 month high of $9.60. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -3.90 and a beta of 0.62. The business’s 50 day simple moving average is $7.75 and its two-hundred day simple moving average is $6.38. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group raised their target price on shares of SSR Mining from $7.15 to $12.05 and gave the company a “buy” rating in a report on Tuesday. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Finally, Royal Bank of Canada raised shares of SSR Mining from an “underperform” rating to a “sector perform” rating and raised their target price for the company from $5.50 to $8.00 in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.60.

SSR Mining Company Profile

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.