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

Key Points

• SSR Mining Inc. (TSE:SSRM) reached a new 52-week high of C$24.11, with a closing price of C$24.10 and a trading volume of 137,409 shares.
• Analysts have raised their price targets for SSR Mining, with National Bankshares increasing it to C$24.75 and TD Securities to C$24.00, both giving the stock a "Hold" or "Sector Perform" rating.
• The company has a market cap of C$3.48 billion, a quick ratio of 3.80, and operates mines in the US, Canada, and Argentina, focusing on gold and silver production.

SSR Mining Inc. (TSE:SSRM - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as C$24.11 and last traded at C$24.10, with a volume of 137409 shares. The stock had previously closed at C$23.66.

Analyst Ratings Changes

A number of equities analysts have recently commented on SSRM shares. National Bankshares lifted their target price 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. TD Securities raised their price target on 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. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, SSR Mining has a consensus rating of "Hold" and a consensus price target of C$24.38.

SSR Mining Trading Up 5.4%

The company has a current ratio of 3.91, a quick ratio of 3.80 and a debt-to-equity ratio of 11.04. The stock has a 50-day simple moving average of C$19.32 and a two-hundred day simple moving average of C$16.60. The firm has a market capitalization of C$5.37 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 5.64 and a beta of -0.29.

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.