SSR Mining (TSE:SSRM) Stock Price Up 0.4% - Time to Buy?

Key Points

• SSR Mining Inc. shares increased by 0.4% during mid-day trading, reaching a last traded price of C$25.41.
• Analyst ratings showed a consensus "Hold" with a target price increased to C$24.38, after TD Securities and National Bankshares revised their price objectives.
• The company's market capitalization stands at C$3.62 billion, with a price-to-earnings ratio of -7.46, indicating significant interest from investors despite previous losses.

SSR Mining Inc. (TSE:SSRM - Get Free Report) rose 0.4% during mid-day trading on Wednesday . The stock traded as high as C$25.48 and last traded at C$25.41. Approximately 359,413 shares were traded during trading, a decline of 22% from the average daily volume of 459,834 shares. The stock had previously closed at C$25.31.

Analyst Upgrades and Downgrades

SSRM has been the subject of several analyst reports. TD Securities boosted 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. National Bankshares upped their target price on SSR Mining from C$20.00 to C$24.75 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, SSR Mining has a consensus rating of "Hold" and a consensus price target of C$24.38.

SSR Mining Trading Up 0.4%

The business's fifty day moving average is C$19.00 and its two-hundred day moving average is C$16.42. 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 cap of C$3.62 billion, a price-to-earnings ratio of -7.46, 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.

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