SSR Mining (TSE:SSRM) Stock Price Down 3.5% - Time to Sell?

Key Points

• SSR Mining shares fell about 3.5% mid‑day to C$38.55 (low C$38.41) on Wednesday, with ~520,720 shares traded versus an average of 525,560 and a prior close of C$39.96.
• Multiple analysts upgraded the stock on March 5 (BMO to Outperform, TD Securities to Buy, National Bank Financial to Outperform) and raised targets—BMO C$41, TD C$53, National Bank C$57—leaving a MarketBeat consensus Buy rating and C$47.50 target.
• Key fundamentals: C$7.89B market cap, P/E 20.84, last quarter EPS C$1.21 on C$694.1M revenue with a 24.34% net margin; the share price is below its 50‑day moving average (C$40.97) but above its 200‑day (C$35.07).

SSR Mining Inc. (TSE:SSRM - Get Free Report)'s share price was down 3.5% during mid-day trading on Wednesday . The stock traded as low as C$38.41 and last traded at C$38.55. Approximately 520,720 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 525,560 shares. The stock had previously closed at C$39.96.

Wall Street Analyst Weigh In

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

SSR Mining Stock Performance

The stock has a market cap of C$7.89 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 5.64 and a beta of 1.12. The stock's 50 day moving average is C$40.97 and its two-hundred day moving average is C$35.07. The company has a current ratio of 2.08, a quick ratio of 3.80 and a debt-to-equity ratio of 11.76.

SSR Mining (TSE:SSRM - Get Free Report) last issued its quarterly earnings results on Saturday, January 31st. The company reported C$1.21 earnings per share for the quarter. The firm had revenue of C$694.09 million during the quarter. SSR Mining had a net margin of 24.34% and a return on equity of 12.03%. Analysts anticipate that SSR Mining Inc. will post 0.8051668 earnings per share 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.

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