SSR Mining (TSE:SSRM) Posts Quarterly Earnings Results

SSR Mining (TSE:SSRM) released its quarterly earnings data on Tuesday. The company reported C$0.91 earnings per share for the quarter, FiscalAI reports. SSR Mining had a return on equity of 6.95% and a net margin of 12.39%. The firm had revenue of C$637.29 million during the quarter.

SSR Mining Price Performance

Shares of SSRM opened at C$36.56 on Wednesday. The company has a 50 day moving average of C$47.58 and a two-hundred day moving average of C$42.09. 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 twelve month low of C$25.83 and a twelve month high of C$54.50. The company has a market cap of C$7.91 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 5.64 and a beta of 1.59.

SSR Mining Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on SSRM shares. TD set a C$52.00 target price on shares of SSR Mining and gave the company a “buy” rating in a research report on Thursday, October 1st. ATB Cormark Capital Markets boosted their price target on shares of SSR Mining from C$59.00 to C$64.00 and gave the company an “outperform” rating in a report on Thursday, October 1st. Five equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$53.40.

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.