SSR Mining (NASDAQ:SSRM) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO posted its quarterly earnings data on Tuesday. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08), Zacks reports. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. The firm had revenue of $323.19 million for the quarter, compared to analyst estimates of $262.20 million.

SSR Mining Stock Down 2.6 %

SSRM stock traded down $0.27 during mid-day trading on Friday, hitting $10.23. 3,345,351 shares of the company were exchanged, compared to its average volume of 2,778,458. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 4.70. SSR Mining has a 1-year low of $3.90 and a 1-year high of $10.91. The firm's 50 day simple moving average is $7.89 and its 200 day simple moving average is $6.47. The firm has a market cap of $2.07 billion, a P/E ratio of -7.93 and a beta of 0.62.

Analysts Set New Price Targets

Several analysts have commented on the stock. Royal Bank of Canada upgraded shares of SSR Mining from an "underperform" rating to a "sector perform" rating and upped their target price for the company from $5.50 to $8.00 in a research report on Wednesday, February 5th. CIBC upped their price objective on SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a report on Wednesday. UBS Group raised their target price on SSR Mining from $7.15 to $12.05 and gave the stock a "buy" rating in a report on Tuesday. Finally, StockNews.com upgraded SSR Mining from a "sell" rating to a "hold" rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $9.93.

SSR Mining Company Profile

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.