ATB Cormark Capital Markets Forecasts Strong Price Appreciation for SSR Mining (TSE:SSRM) Stock

SSR Mining (TSE:SSRM) had its price target lifted by ATB Cormark Capital Markets from C$59.00 to C$64.00 in a research note issued on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target would indicate a potential upside of 34.12% from the stock’s previous close.

Separately, TD set a C$52.00 price target on SSR Mining and gave the company a “buy” rating in a report on Thursday. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$51.00.

SSR Mining Stock Performance

SSRM traded up C$0.28 during trading on Thursday, hitting C$47.72. The company’s stock had a trading volume of 226,364 shares, compared to its average volume of 489,506. The business’s 50 day simple moving average is C$46.99 and its 200-day simple moving average is C$43.10. The firm has a market cap of C$10.33 billion, a PE ratio of 42.99, a P/E/G ratio of 5.64 and a beta of 1.69. SSR Mining has a one year low of C$25.83 and a one year high of C$54.50. The company has a quick ratio of 3.80, a current ratio of 9.79 and a debt-to-equity ratio of 0.07.

SSR Mining (TSE:SSRM) last issued its quarterly earnings data 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 during the quarter. SSR Mining had a net margin of 12.39% and a return on equity of 6.95%. As a group, sell-side analysts predict that SSR Mining 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.