SSR Mining (NASDAQ:SSRM) Releases Earnings Results, Misses Expectations By $0.08 EPS

SSR Mining (NASDAQ:SSRM) (TSE:SSO) announced its quarterly earnings results on Tuesday. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08), Zacks reports. SSR Mining had a positive return on equity of 4.05% and a negative net margin of 44.13%.

SSR Mining Stock Up 2.1 %

Shares of NASDAQ:SSRM traded up $0.19 on Tuesday, hitting $9.33. 3,692,630 shares of the company traded hands, compared to its average volume of 2,618,440. SSR Mining has a 52 week low of $3.90 and a 52 week high of $9.60. The company has a quick ratio of 1.97, a current ratio of 3.91 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $7.75 and a 200-day simple moving average of $6.38. The company has a market cap of $1.89 billion, a PE ratio of -3.90 and a beta of 0.62.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SSRM shares. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, January 17th. UBS Group increased their price target on shares of SSR Mining from $7.15 to $12.05 and gave the stock a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada upgraded shares of SSR Mining from an “underperform” rating to a “sector perform” rating and upped their price objective for the stock from $5.50 to $8.00 in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, SSR Mining currently has an average rating of “Hold” and a consensus price target of $8.60.

About SSR Mining

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.