SSR Mining (TSE:SSRM) Shares Up 0.6% – Should You Buy?

SSR Mining Inc. (TSE:SSRM) shares shot up 0.6% during trading on Wednesday . The stock traded as high as C$47.44 and last traded at C$44.83. 966,539 shares were traded during trading, an increase of 87% from the average session volume of 515,666 shares. The stock had previously closed at C$44.58.

Analyst Ratings Changes

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

SSR Mining Trading Up 0.6%

The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.80 and a current ratio of 5.33. The stock has a market capitalization of C$9.70 billion, a P/E ratio of 42.70, a price-to-earnings-growth ratio of 5.64 and a beta of 1.27. The firm’s fifty day simple moving average is C$42.29 and its 200 day simple moving average is C$37.63.

SSR Mining (TSE:SSRM) last released its earnings results on Tuesday, May 5th. The company reported C$1.60 EPS for the quarter. SSR Mining had a net margin of 12.26% and a return on equity of 6.80%. The firm had revenue of C$581.78 million for the quarter. As a group, equities research analysts forecast that SSR Mining Inc. will post 0.8051668 EPS for the current fiscal year.

About SSR Mining

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.