SSR Mining (NASDAQ:SSRM) Issues Quarterly Earnings Results

SSR Mining (NASDAQ:SSRM) (TSE:SSO) posted its earnings results on Tuesday. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08), Zacks reports. SSR Mining had a negative net margin of 44.13% and a positive return on equity of 4.05%.

SSR Mining Stock Performance

Shares of SSR Mining stock traded up $0.19 on Tuesday, reaching $9.33. 3,692,630 shares of the stock were exchanged, compared to its average volume of 2,618,440. The company has a quick ratio of 1.97, a current ratio of 3.91 and a debt-to-equity ratio of 0.08. SSR Mining has a twelve month low of $3.90 and a twelve month high of $9.60. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -3.90 and a beta of 0.62. The business has a 50 day moving average price of $7.75 and a two-hundred day moving average price of $6.38.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada upgraded SSR Mining from an “underperform” rating to a “sector perform” rating and boosted their price target for the stock from $5.50 to $8.00 in a research note on Wednesday, February 5th. UBS Group boosted their price target on SSR Mining from $7.15 to $12.05 and gave the stock a “buy” rating in a research note on Tuesday. Finally, StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.60.

About SSR Mining

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.