TD Securities Forecasts Strong Price Appreciation for SSR Mining (TSE:SSRM) Stock

Key Points

• TD Securities raised its price target on SSR Mining from C$45.00 to C$53.00 and maintained a "buy" rating, implying a potential upside of about 27.5%.
• SSR Mining shares fell roughly 8.3% to C$41.57 on higher-than-average volume; the company reported quarterly EPS of C$1.20 and revenue of C$694.1M, with a market cap of C$8.45B and a P/E of 22.47.

SSR Mining (TSE:SSRM - Get Free Report) had its price target boosted by research analysts at TD Securities from C$45.00 to C$53.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price objective would indicate a potential upside of 27.50% from the company's current price.

SSR Mining Stock Down 8.3%

SSR Mining stock traded down C$3.75 during mid-day trading on Thursday, hitting C$41.57. The company's stock had a trading volume of 761,980 shares, compared to its average volume of 568,100. SSR Mining has a 52-week low of C$12.30 and a 52-week high of C$45.70. The company has a market cap of C$8.45 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 5.64 and a beta of 0.64. The company has a debt-to-equity ratio of 11.76, a current ratio of 2.08 and a quick ratio of 3.80. The firm's 50 day moving average is C$35.11 and its 200 day moving average is C$31.93.

SSR Mining (TSE:SSRM - Get Free Report) last released its earnings results on Saturday, January 31st. The company reported C$1.20 earnings per share for the quarter. The company had revenue of C$694.09 million for the quarter. SSR Mining had a return on equity of 12.03% and a net margin of 24.34%. On average, analysts anticipate that SSR Mining will post 0.8051668 earnings per share for the current 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.

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