SSR Mining (TSE:SSRM) Given New C$24.00 Price Target at TD Securities

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 - Free Report) had its price objective upped by TD Securities from C$20.00 to C$24.00 in a report issued on Thursday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

SSR Mining Stock Performance

Shares of TSE SSRM traded up C$0.55 during midday trading on Thursday, hitting C$21.46. 556,629 shares of the company's stock were exchanged, compared to its average volume of 452,713. SSR Mining has a twelve month low of C$6.27 and a twelve month high of C$21.47. The firm has a market cap of C$3.06 billion, a P/E ratio of -6.30, a PEG ratio of 5.64 and a beta of 0.94. The stock's 50 day moving average price is C$17.54 and its 200-day moving average price is C$15.52. The company has a debt-to-equity ratio of 11.04, a current ratio of 3.91 and a quick ratio of 3.80.

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.