SSR Mining (TSE:SSRM) Upgraded at Scotiabank

Key Points

• SSR Mining was upgraded by Scotiabank from a "sector perform" rating to an "outperform" rating, with a target price increased from C$19.00 to C$39.00.
• Other analysts, including TD Securities and National Bankshares, have raised their price targets for SSR Mining, indicating a positive outlook for the stock.
• SSR Mining's stock experienced a recent increase, trading at C$32.45, with a market capitalization of C$6.57 billion.

SSR Mining (TSE:SSRM - Get Free Report) was upgraded by analysts at Scotiabank from a "sector perform" rating to an "outperform" rating in a report released on Thursday,BayStreet.CA reports. The firm currently has a C$39.00 target price on the stock, up from their previous target price of C$19.00. Scotiabank's price target would suggest a potential upside of 20.18% from the company's previous close.

Other equities analysts have also issued research reports about the stock. TD Securities raised their price objective 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 increased their price target on shares of 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. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of C$29.25.

SSR Mining Price Performance

SSRM traded up C$1.07 on Thursday, reaching C$32.45. The company had a trading volume of 216,203 shares, compared to its average volume of 472,077. SSR Mining has a one year low of C$7.02 and a one year high of C$36.45. The company has a current ratio of 3.91, a quick ratio of 3.80 and a debt-to-equity ratio of 11.04. The company has a fifty day moving average of C$29.77 and a 200-day moving average of C$21.04. The company has a market capitalization of C$6.57 billion, a P/E ratio of 41.60, a PEG ratio of 5.64 and a beta of 0.46.

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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