SSR Mining (NASDAQ:SSRM) (TSE:SSO) posted its quarterly earnings results on Tuesday. The basic materials company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.09, Briefing.com reports. The business had revenue of $147.85 million for the quarter, compared to the consensus estimate of $195.93 million. SSR Mining had a return on equity of 6.46% and a net margin of 6.13%. The company’s quarterly revenue was up 28.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 EPS.
Shares of SSRM stock traded up $0.23 on Friday, hitting $14.56. The company had a trading volume of 79,265 shares, compared to its average volume of 998,407. The firm has a market cap of $1.71 billion, a P/E ratio of 63.52 and a beta of -0.44. The company has a 50-day moving average price of $14.76 and a 200-day moving average price of $14.00. The company has a quick ratio of 2.91, a current ratio of 4.02 and a debt-to-equity ratio of 0.15. SSR Mining has a twelve month low of $9.65 and a twelve month high of $17.56.
Several analysts have weighed in on the company. Citigroup boosted their price target on SSR Mining from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Zacks Investment Research downgraded SSR Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday. National Bank Financial boosted their price target on SSR Mining from $28.00 to $28.50 and gave the company an “outperform” rating in a research note on Monday, October 21st. BMO Capital Markets boosted their price target on SSR Mining to $19.50 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Finally, ValuEngine upgraded SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $18.78.
SSR Mining Inc engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.
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