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SSR Mining (TSE:SSRM) Reaches New 12-Month High - Here's Why

SSR Mining logo with Basic Materials background

Shares of SSR Mining Inc. (TSE:SSRM - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$16.40 and last traded at C$16.22, with a volume of 114480 shares trading hands. The stock had previously closed at C$16.26.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SSRM shares. TD Securities boosted their price objective on SSR Mining from C$11.00 to C$13.00 and gave the company a "hold" rating in a report on Wednesday, February 19th. National Bankshares increased their price objective on SSR Mining from C$14.25 to C$18.00 and gave the company a "sector perform" rating in a report on Wednesday, March 19th.

Read Our Latest Stock Analysis on SSRM

SSR Mining Price Performance

The company has a debt-to-equity ratio of 11.04, a quick ratio of 3.80 and a current ratio of 3.91. The firm has a fifty day moving average price of C$14.83 and a 200 day moving average price of C$12.69. The firm has a market capitalization of C$2.31 billion, a price-to-earnings ratio of -4.76, a PEG ratio of 5.64 and a beta of 0.94.

Insider Activity

In other SSR Mining news, Senior Officer Michael John Sparks sold 13,055 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of C$14.09, for a total transaction of C$183,944.95. Also, Director Rod Antal sold 52,076 shares of SSR Mining stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$14.09, for a total value of C$733,750.84. Insiders own 0.91% of the company's stock.

SSR Mining Company Profile

(Get Free Report)

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.

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