SSR Mining (TSE:SSRM) Trading 3% Higher - Time to Buy?

Key Points

• SSR Mining Inc. shares rose by 3% on Monday, trading at C$34.26, despite a slight decline in trading volume compared to the average.
• Analysts have upgraded their price targets for SSR Mining, with new targets ranging from C$24.00 to C$24.75, but the consensus rating remains a "Hold."
• The company has a significant market capitalization of C$6.94 billion and a high price-to-earnings ratio of 43.92, indicating it may be considered overvalued compared to earnings.

SSR Mining Inc. (TSE:SSRM - Get Free Report) shares traded up 3% during mid-day trading on Monday . The company traded as high as C$34.28 and last traded at C$34.26. 464,057 shares changed hands during trading, a decline of 2% from the average session volume of 472,401 shares. The stock had previously closed at C$33.26.

Analyst Ratings Changes

Several analysts recently commented on the stock. TD Securities upped their price target on shares of SSR Mining from C$20.00 to C$24.00 and gave the company a "hold" rating in a research report on Thursday, August 7th. 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 report on Thursday, August 7th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$24.38.

SSR Mining Stock Up 3.0%

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 firm has a market capitalization of C$6.94 billion, a price-to-earnings ratio of 43.92, a PEG ratio of 5.64 and a beta of 0.46. The firm has a fifty day moving average price of C$29.42 and a 200 day moving average price of C$20.90.

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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