SSR Mining (NASDAQ:SSRM – Get Free Report) (TSE:SSO) posted its quarterly earnings data on Tuesday. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08), Zacks reports. SSR Mining had a positive return on equity of 4.05% and a negative net margin of 44.13%.
SSR Mining Trading Up 2.1 %
Shares of SSRM stock opened at $9.33 on Wednesday. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $7.75 and a 200 day moving average price of $6.38. SSR Mining has a 12 month low of $3.90 and a 12 month high of $9.60.
Analysts Set New Price Targets
A number of research firms have recently weighed in on SSRM. Royal Bank of Canada raised SSR Mining from an “underperform” rating to a “sector perform” rating and upped their price objective for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. UBS Group upped their price objective on SSR Mining from $7.15 to $12.05 and gave the stock a “buy” rating in a research report on Tuesday. Finally, StockNews.com raised SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Four 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, SSR Mining currently 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.
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