TD Securities Boosts SSR Mining (TSE:SSRM) Price Target to C$24.00

Key Points

• TD Securities has raised the price target for SSR Mining (TSE:SSRM) from C$20.00 to C$24.00, reflecting a potential upside of 17.65% from its current trading price.
• The stock recently traded at C$20.40, down C$0.56, with a market capitalization of approximately C$2.91 billion.
• SSR Mining primarily focuses on mining precious metals in the Americas, with significant revenue from both gold and silver production.

SSR Mining (TSE:SSRM - Get Free Report) had its target price raised by research analysts at TD Securities from C$20.00 to C$24.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. TD Securities' price target indicates a potential upside of 17.65% from the company's current price.

SSR Mining Stock Performance

Shares of TSE SSRM traded down C$0.56 during midday trading on Thursday, reaching C$20.40. 419,144 shares of the company traded hands, compared to its average volume of 449,102. The stock has a 50-day moving average price of C$17.28 and a 200 day moving average price of C$15.26. The company has a market cap of C$2.91 billion, a price-to-earnings ratio of -5.99, a PEG ratio of 5.64 and a beta of 0.94. SSR Mining has a 52 week low of C$6.04 and a 52 week high of C$21.27. The company has a debt-to-equity ratio of 11.04, a current ratio of 3.91 and a quick ratio of 3.80.

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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