SSR Mining (TSE:SSRM) Hits New 52-Week High - Time to 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 hit a new 52-week high on Tuesday . The stock traded as high as C$22.07 and last traded at C$21.87, with a volume of 276005 shares changing hands. The stock had previously closed at C$21.46.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SSRM shares. TD Securities lifted their price target on shares of SSR Mining from C$20.00 to C$24.00 and gave the stock a "hold" rating in a research note on Thursday, August 7th. National Bankshares upped 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 note on Thursday, August 7th.

SSR Mining Trading Up 4.2%

The company's 50-day moving average price is C$17.96 and its 200-day moving average price is C$15.84. The company has a quick ratio of 3.80, a current ratio of 3.91 and a debt-to-equity ratio of 11.04. The firm has a market cap of C$3.30 billion, a price-to-earnings ratio of -6.81, a price-to-earnings-growth ratio of 5.64 and a beta of 0.94.

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.