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

Key Points

• SSR Mining Inc.'s shares reached a **new 52-week high** of C$22.07 during trading, closing at C$21.87 with a trading volume of 276,005 shares.
• Analysts from National Bankshares and TD Securities have **raised their target prices** for SSR Mining to C$24.75 and C$24.00, respectively, signaling potential growth.
• The company has a market capitalization of **C$3.17 billion** and operates several mines, primarily focused on gold and silver production in the Americas.

SSR Mining Inc. (TSE:SSRM - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$22.07 and last traded at C$21.87, with a volume of 276005 shares trading hands. The stock had previously closed at C$21.46.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. National Bankshares upped their target price on shares of SSR Mining from C$20.00 to C$24.75 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. TD Securities upped their target price on shares of SSR Mining from C$20.00 to C$24.00 and gave the company a "hold" rating in a research note on Thursday, August 7th.

SSR Mining Stock Performance

The company has a market capitalization of C$3.17 billion, a P/E ratio of -6.53, a P/E/G ratio of 5.64 and a beta of 0.94. The business has a 50-day moving average of C$17.54 and a 200-day moving average of C$15.52. 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.

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