SSR Mining (TSE:SSRM) Sets New 52-Week High - Here's What Happened

Key Points

• SSR Mining's shares reached a new 52-week high at C$34.68, with the stock last trading at C$34.52 and a volume of 182,134 shares.
• Analyst ratings show a consensus of "Hold" for SSR Mining, with a price target of C$24.38, reflecting recent upgrades from National Bankshares and TD Securities.
• The company, which focuses on precious metals mining in the Americas, has a market capitalization of C$6.94 billion and significant operations in Nevada, Saskatchewan, and Argentina.

SSR Mining Inc. (TSE:SSRM - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$34.68 and last traded at C$34.52, with a volume of 182134 shares. The stock had previously closed at C$33.62.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SSRM. National Bankshares boosted 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 report on Thursday, August 7th. TD Securities lifted their price objective on SSR Mining from C$20.00 to C$24.00 and gave the stock a "hold" rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$24.38.

SSR Mining Price Performance

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 capitalization of C$6.94 billion, a price-to-earnings ratio of 43.86, a PEG ratio of 5.64 and a beta of 0.02. The business's fifty day simple moving average is C$24.53 and its 200 day simple moving average is C$18.88.

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.

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