SSR Mining (TSE:SSRM) Sets New 52-Week High - Should You Buy?

Key Points

• SSR Mining Inc. reached a new 52-week high with shares trading at C$36.45, compared to a previous close of C$33.18.
• Analysts have upgraded SSR Mining's price targets, with National Bankshares increasing their target from C$20.00 to C$24.75.
• The company has a market cap of C$7.29 billion and a P/E ratio of 46.12, indicating strong financial performance in the mining sector.

SSR Mining Inc. (TSE:SSRM - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as C$36.45 and last traded at C$36.11, with a volume of 483392 shares. The stock had previously closed at C$33.18.

Analyst Upgrades and Downgrades

SSRM has been the topic of a number of research reports. National Bankshares upped their price target 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 increased their target price on shares of 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 equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, SSR Mining presently has a consensus rating of "Hold" and an average price target of C$24.38.

SSR Mining Stock Performance

The firm has a market cap of C$7.29 billion, a P/E ratio of 46.12, a P/E/G ratio of 5.64 and a beta of 0.46. The company has a debt-to-equity ratio of 11.04, a quick ratio of 3.80 and a current ratio of 3.91. The company's 50 day moving average is C$28.30 and its 200 day moving average is C$20.27.

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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