SSR Mining (TSE:SSRM) Sets New 12-Month High - Still a Buy?

Key Points

• SSR Mining Inc. recently reached a new 52-week high of C$21.00, closing at C$20.67 with a trading volume of 668,699 shares.
• The company has a market capitalization of C$2.99 billion and key financial ratios including a P/E ratio of -6.16 and a debt-to-equity ratio of 11.04.
• SSR Mining is primarily focused on mining precious metals in the Americas, with significant revenue coming from both gold and silver production.

SSR Mining Inc. (TSE:SSRM - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as C$21.00 and last traded at C$20.67, with a volume of 668699 shares traded. The stock had previously closed at C$17.90.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SSRM shares. 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 report on Thursday. 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 report on Thursday.

SSR Mining Price Performance

The stock's fifty day moving average price is C$17.45 and its 200-day moving average price is C$15.45. The company has a debt-to-equity ratio of 11.04, a current ratio of 3.91 and a quick ratio of 3.80. The firm has a market cap of C$2.98 billion, a price-to-earnings ratio of -6.14, a price-to-earnings-growth ratio of 5.64 and a beta of 0.94.

About SSR Mining

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.