SSR Mining (TSE:SSRM) Reaches New 1-Year High - What's Next?

Key Points

• SSR Mining's stock price reached a new 52-week high at C$32.40, closing at C$31.74 with a trading volume of 222,447 shares.
• Equities analysts have increased their price targets for SSR Mining, with National Bankshares raising it from C$20.00 to C$24.75 and TD Securities from C$20.00 to C$24.00, maintaining a "Hold" rating.
• The company operates important mining sites in North America and Argentina, primarily focusing on the production of gold and silver, contributing significantly to its revenue.

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$32.40 and last traded at C$31.74, with a volume of 222447 shares. The stock had previously closed at C$31.52.

Wall Street Analyst Weigh In

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

SSR Mining Price Performance

The company has a fifty day moving average of C$23.27 and a 200 day moving average of C$18.37. The firm has a market capitalization of C$6.56 billion, a P/E ratio of 41.49, a PEG ratio of 5.64 and a beta of 0.02. The company has a debt-to-equity ratio of 11.04, a current ratio of 3.91 and a quick ratio of 3.80.

SSR Mining Company Profile

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.