SSR Mining (TSE:SSRM) Stock Price Target Lowered at National Bank Financial

SSR Mining (TSE:SSRM) had its price objective lowered by equities researchers at National Bank Financial from C$68.00 to C$65.00 in a research note issued on Thursday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial‘s target price points to a potential upside of 67.79% from the company’s current price.

SSRM has been the subject of a number of other reports. TD set a C$52.00 price objective on SSR Mining and gave the stock a “buy” rating in a report on Thursday, October 1st. ATB Cormark Capital Markets raised their target price on 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 analysts have rated the stock with a Buy rating. According to MarketBeat.com, SSR Mining has a consensus rating of “Buy” and an average target price of C$55.00.

SSR Mining Stock Down 1.4%

Shares of TSE SSRM traded down C$0.54 during mid-day trading on Thursday, reaching C$38.74. 390,103 shares of the company’s stock traded hands, compared to its average volume of 479,420. The company has a debt-to-equity ratio of 0.07, a current ratio of 7.53 and a quick ratio of 3.80. The business has a 50-day simple moving average of C$47.28 and a 200 day simple moving average of C$42.12. The stock has a market cap of C$8.38 billion, a P/E ratio of 34.90, a PEG ratio of 5.64 and a beta of 1.59. SSR Mining has a 1-year low of C$27.53 and a 1-year high of C$54.50.

SSR Mining (TSE:SSRM) last posted its earnings results on Tuesday, November 3rd. The company reported C$0.91 earnings per share for the quarter. SSR Mining had a net margin of 12.77% and a return on equity of 7.47%. The company had revenue of C$637.29 million for the quarter. On average, analysts expect that SSR Mining will post 0.81 EPS 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.