SSR Mining Inc. (TSE:SSRM) Receives Average Recommendation of "Buy" from Analysts

Key Points

• SSR Mining has a consensus “Buy” rating from all six analysts covering the stock, with an average 12-month price target of C$51.00.
• ATB Cormark raised its price target to C$64.00 and maintained an “outperform” rating, while TD assigned a C$52.00 target and a “buy” rating.
• The company reported C$0.94 in quarterly EPS on C$630.54 million in revenue and recently paid a quarterly dividend of $0.03 per share, equivalent to a 0.3% annualized yield.

Shares of SSR Mining Inc. (TSE:SSRM - Get Free Report) have been assigned a consensus rating of "Buy" from the six research firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have covered the stock in the last year is C$51.00.

A number of research firms recently commented on SSRM. ATB Cormark Capital Markets boosted their price target on SSR Mining from C$59.00 to C$64.00 and gave the company an "outperform" rating in a research note on Thursday. TD set a C$52.00 price target on shares of SSR Mining and gave the stock a "buy" rating in a report on Thursday.

SSR Mining Stock Performance

TSE:SSRM remained flat at C$47.44 during mid-day trading on Thursday. 256,443 shares of the company were exchanged, compared to its average volume of 489,607. 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 has a 1-year low of C$25.83 and a 1-year high of C$54.50. The business's 50 day moving average is C$46.99 and its two-hundred day moving average is C$43.10. The stock has a market capitalization of C$10.27 billion, a price-to-earnings ratio of 42.74, a PEG ratio of 5.64 and a beta of 1.69.

SSR Mining (TSE:SSRM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported C$0.94 earnings per share (EPS) for the quarter. The business had revenue of C$630.54 million during the quarter. SSR Mining had a return on equity of 6.95% and a net margin of 12.39%. As a group, equities research analysts forecast that SSR Mining will post 0.8051668 EPS for the current year.

SSR Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, September 11th were paid a dividend of $0.03 per share. The ex-dividend date was Friday, August 14th. This represents a $0.12 annualized dividend and a yield of 0.3%.

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.

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