SSR Mining (TSE:SSRM) Stock Price Expected to Rise, National Bankshares Analyst Says

Key Points

• SSR Mining had its target price increased from C$20.00 to C$24.75 by National Bankshares, suggesting a potential upside of 21.32% from its previous close.
• TD Securities also raised its target price for SSR Mining to C$24.00, maintaining a "hold" rating on the stock.
• The company's stock is currently trading at C$20.40, with a market capitalization of C$2.91 billion and a one-year trading range between C$6.04 and C$21.27.

SSR Mining (TSE:SSRM - Get Free Report) had its price objective lifted by stock analysts at National Bankshares from C$20.00 to C$24.75 in a report released on Thursday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bankshares' target price would indicate a potential upside of 15.33% from the stock's current price.

Separately, TD Securities boosted their target price on SSR Mining from C$20.00 to C$24.00 and gave the stock a "hold" rating in a research report on Thursday.

SSR Mining Trading Up 2.6%

TSE:SSRM traded up C$0.55 during trading hours on Thursday, hitting C$21.46. The company had a trading volume of 556,629 shares, compared to its average volume of 452,713. SSR Mining has a 52 week low of C$6.27 and a 52 week high of C$21.47. The company has a market capitalization of C$3.06 billion, a PE ratio of -6.30, a price-to-earnings-growth ratio of 5.64 and a beta of 0.94. 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 stock has a 50-day moving average price of C$17.54 and a 200 day moving average price of C$15.52.

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.