SSR Mining (TSE:SSRM) Stock Price Down 1.2% – Here’s Why

SSR Mining Inc. (TSE:SSRM)’s stock price fell 1.2% on Wednesday . The stock traded as low as C$29.65 and last traded at C$30.82. 368,328 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 425,771 shares. The stock had previously closed at C$31.18.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upgraded SSR Mining from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$19.00 to C$39.00 in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$29.25.

SSR Mining Trading Up 0.5%

The company has a quick ratio of 3.80, a current ratio of 3.91 and a debt-to-equity ratio of 11.04. The stock has a market capitalization of C$6.22 billion, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. The company has a fifty day simple moving average of C$30.23 and a two-hundred day simple moving average of C$26.96.

SSR Mining (TSE:SSRM) last announced its quarterly earnings results on Tuesday, November 4th. The company reported C$0.32 earnings per share (EPS) for the quarter. SSR Mining had a negative return on equity of 15.34% and a negative net margin of 44.13%.The company had revenue of C$537.25 million during the quarter. On average, sell-side analysts expect that SSR Mining Inc. will post 0.8051668 earnings per share for the current year.

SSR Mining Company Profile

SSR Mining Inc is a minerals company focused on mining precious metals in the Americas. More than half of Silver Standard’s revenue is attributable to the production of gold, with a significant portion derived from silver production. The company owns and operates the Marigold mine in Nevada, United States; the Seabee Gold Operation in Saskatchewan, Canada; and the Pirquitas mine in Argentina. The majority of gold production is derived from the Marigold mine, and Silver Standard’s silver production is principally derived from the Pirquitas mine.