SSR Mining (TSE:SSRM) Shares Down 1.2% – What’s Next?
by Renee Jackson · The Cerbat GemSSR Mining Inc. (TSE:SSRM – Get Free Report)’s share price was down 1.2% during mid-day trading on Wednesday . The stock traded as low as C$29.65 and last traded at C$30.82. Approximately 368,328 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 425,771 shares. The stock had previously closed at C$31.18.
Analyst Upgrades and Downgrades
Separately, Scotiabank upgraded shares of SSR Mining from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$19.00 to C$39.00 in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$29.25.
Check Out Our Latest Research Report on SSRM
SSR Mining Trading Down 1.2%
The company has a debt-to-equity ratio of 11.04, a current ratio of 3.91 and a quick ratio of 3.80. The stock’s 50-day moving average is C$30.28 and its two-hundred day moving average is C$26.85. The stock has a market cap of C$6.26 billion, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63.
SSR Mining (TSE:SSRM – Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported C$0.32 earnings per share for the quarter. The business had revenue of C$537.25 million during the quarter. SSR Mining had a negative return on equity of 15.34% and a negative net margin of 44.13%. Equities research analysts anticipate that SSR Mining Inc. will post 0.8051668 EPS 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.