SSR Mining (TSE:SSRM) Sets New 1-Year High – Here’s Why

SSR Mining Inc. (TSE:SSRM) reached a new 52-week high during trading on Friday . The stock traded as high as C$16.39 and last traded at C$15.59, with a volume of 268271 shares changing hands. The stock had previously closed at C$16.08.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SSRM shares. TD Securities lifted their target price on shares of SSR Mining from C$11.00 to C$13.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. National Bankshares boosted their target price on shares of SSR Mining from C$14.25 to C$18.00 and gave the company a “sector perform” rating in a report on Wednesday, March 19th.

SSR Mining Price Performance

The business has a fifty day moving average of C$13.76 and a 200-day moving average of C$10.46. 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 firm has a market cap of C$2.22 billion, a PE ratio of -4.58, a PEG ratio of 5.64 and a beta of 0.94.

Insider Activity

In other news, Director Rod Antal sold 52,076 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of C$14.09, for a total transaction of C$733,750.84. Also, Senior Officer Michael John Sparks sold 13,055 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$14.09, for a total transaction of C$183,944.95. Company insiders own 0.91% of the company’s stock.

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.