SSR Mining (TSE:SSRM) Upgraded to “Outperform” at National Bank Financial

National Bank Financial upgraded shares of SSR Mining (TSE:SSRM) from a sector perform rating to an outperform rating in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has C$57.00 price target on the stock, up from their prior price target of C$43.00.

A number of other brokerages also recently commented on SSRM. TD Securities boosted their price objective on SSR Mining from C$45.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets upgraded shares of SSR Mining from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$27.00 to C$41.00 in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, SSR Mining currently has a consensus rating of “Buy” and a consensus target price of C$47.50.

SSR Mining Stock Performance

TSE:SSRM opened at C$42.61 on Thursday. SSR Mining has a 52 week low of C$12.30 and a 52 week high of C$45.70. The company has a fifty day simple moving average of C$35.34 and a two-hundred day simple moving average of C$32.01. The company has a quick ratio of 3.80, a current ratio of 2.08 and a debt-to-equity ratio of 11.76. The company has a market cap of C$8.66 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 5.64 and a beta of 0.64.

SSR Mining (TSE:SSRM) last released its earnings results on Saturday, January 31st. The company reported C$1.20 earnings per share (EPS) for the quarter. SSR Mining had a return on equity of 12.03% and a net margin of 24.34%.The firm had revenue of C$694.09 million during the quarter. As a group, equities analysts anticipate that SSR Mining will post 0.8051668 earnings per share for the current fiscal 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.