SSR Mining (TSE:SSRM) Price Target Raised to C$64.00

SSR Mining (TSE:SSRM) had its target price increased by ATB Cormark Capital Markets from C$59.00 to C$64.00 in a research note issued to investors on Thursday morning,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Separately, TD set a C$52.00 price objective on SSR Mining and gave the stock a “buy” rating in a report on Thursday. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$51.00.

SSR Mining Price Performance

SSRM stock opened at C$47.43 on Thursday. The stock has a 50-day moving average price of C$47.36 and a two-hundred day moving average price of C$43.19. The stock has a market cap of C$10.27 billion, a PE ratio of 42.73, a price-to-earnings-growth ratio of 5.64 and a beta of 1.69. The company has a current ratio of 9.79, a quick ratio of 3.80 and a debt-to-equity ratio of 0.07. SSR Mining has a 1 year low of C$25.83 and a 1 year high of C$54.50.

SSR Mining (TSE:SSRM) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$0.94 earnings per share (EPS) for the quarter. The firm had revenue of C$630.54 million for the quarter. SSR Mining had a return on equity of 6.95% and a net margin of 12.39%. Equities analysts forecast that SSR Mining will post 0.8051668 EPS for the current fiscal year.

SSR Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, September 11th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, August 14th.

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.