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SSR Mining (TSE:SSRM) Hits New 12-Month High - What's Next?

SSR Mining logo with Basic Materials background

Key Points

  • SSR Mining Inc. (TSE:SSRM) reached a new 52-week high of C$29.98, with a last trading price of C$29.73 and a trading volume of 214,346 shares.
  • Analyst ratings show a trend of increased target prices, with TD Securities raising their target from C$20.00 to C$24.00 and National Bankshares increasing theirs from C$20.00 to C$24.75, both indicating a "hold" stance.
  • SSR Mining has a market capitalization of C$5.99 billion and significant financial ratios, including a current ratio of 3.91 and a debt-to-equity ratio of 11.04.
  • MarketBeat previews the top five stocks to own by October 1st.

SSR Mining Inc. (TSE:SSRM - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as C$29.98 and last traded at C$29.73, with a volume of 214346 shares traded. The stock had previously closed at C$29.20.

Analyst Ratings Changes

SSRM has been the topic of several research analyst reports. TD Securities boosted their target price on shares of SSR Mining from C$20.00 to C$24.00 and gave the stock a "hold" rating in a research report on Thursday, August 7th. National Bankshares boosted their target price on shares of SSR Mining from C$20.00 to C$24.75 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$24.38.

Read Our Latest Analysis on SSRM

SSR Mining Price Performance

The firm's fifty day moving average price is C$20.39 and its 200 day moving average price is C$17.14. The firm has a market capitalization of C$5.99 billion, a PE ratio of 37.86, a P/E/G ratio of 5.64 and a beta of 0.02. The company has a current ratio of 3.91, a quick ratio of 3.80 and a debt-to-equity ratio of 11.04.

About SSR Mining

(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.

Further Reading

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