SSR Mining (SSRM) Issues Earnings Results

SSR Mining (NASDAQ:SSRM) (TSE:SSO) released its earnings results on Thursday. The basic materials company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06, reports. SSR Mining had a net margin of 4.98% and a return on equity of 2.51%. The company had revenue of $115.03 million for the quarter, compared to analysts’ expectations of $113.00 million. During the same quarter last year, the business earned $0.04 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year.

Shares of SSRM opened at $10.42 on Friday. The company has a quick ratio of 6.20, a current ratio of 8.67 and a debt-to-equity ratio of 0.24. SSR Mining has a 1 year low of $7.64 and a 1 year high of $11.44. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 30.65 and a beta of -0.41.

A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of SSR Mining from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Friday, October 19th. ValuEngine cut shares of SSR Mining from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. BidaskClub cut shares of SSR Mining from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. Citigroup decreased their target price on shares of SSR Mining from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 29th. Finally, Canaccord Genuity restated a “buy” rating on shares of SSR Mining in a research note on Sunday, October 21st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. SSR Mining presently has an average rating of “Buy” and an average price target of $11.88.

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About SSR Mining

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; and the Seabee Gold Operation located in Saskatchewan, Canada.

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Earnings History for SSR Mining (NASDAQ:SSRM)

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