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 target price increased by equities researchers at National Bankshares from C$20.00 to C$24.75 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bankshares' price objective suggests a potential upside of 21.32% from the company's previous close.

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

SSR Mining Price Performance

Shares of SSRM traded down C$0.56 during midday trading on Thursday, hitting C$20.40. The company's stock had a trading volume of 419,144 shares, compared to its average volume of 449,102. SSR Mining has a one year low of C$6.04 and a one year high of C$21.27. The company's fifty day simple moving average is C$17.28 and its two-hundred day simple moving average is C$15.26. 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 stock has a market capitalization of C$2.91 billion, a price-to-earnings ratio of -5.99, a price-to-earnings-growth ratio of 5.64 and a beta of 0.94.

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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