SSR Mining (TSE:SSRM) Shares Up 7.4% - Still a Buy?

Key Points

• SSR Mining Inc. shares rose 7.4% to C$17.90, with trading volume increasing by 22% compared to the average daily volume.
• The company's market capitalization is C$2.55 billion and it has a negative price-to-earnings ratio of -5.26.
• SSR Mining primarily focuses on mining precious metals in the Americas, with significant revenue coming from both gold and silver production.

SSR Mining Inc. (TSE:SSRM - Get Free Report) rose 7.4% on Tuesday . The company traded as high as C$17.91 and last traded at C$17.90. Approximately 545,620 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 445,686 shares. The stock had previously closed at C$16.66.

Analyst Upgrades and Downgrades

SSRM has been the topic of a number of analyst reports. 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. 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.

SSR Mining Price Performance

The company's fifty day moving average is C$17.45 and its two-hundred day moving average is C$15.40. 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 capitalization of C$2.98 billion, a price-to-earnings ratio of -6.14, a price-to-earnings-growth ratio of 5.64 and a beta of 0.94.

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.