SSR Mining (TSE:SSRM) Hits New 1-Year High – Here’s What Happened

Shares of SSR Mining Inc. (TSE:SSRM) reached a new 52-week high during trading on Thursday . The company traded as high as C$44.25 and last traded at C$44.08, with a volume of 292169 shares. The stock had previously closed at C$41.70.

Wall Street Analysts Forecast Growth

Separately, TD Securities upgraded shares of SSR Mining from a “hold” rating to a “buy” rating and lifted their price target for the company from C$33.00 to C$43.00 in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$35.58.

SSR Mining Trading Up 5.3%

The company has a market cap of C$8.93 billion, a price-to-earnings ratio of 42.65, a PEG ratio of 5.64 and a beta of 0.64. The company has a debt-to-equity ratio of 11.04, a current ratio of 3.91 and a quick ratio of 3.80. The business’s 50-day simple moving average is C$33.94 and its 200-day simple moving average is C$31.20.

SSR Mining (TSE:SSRM) last issued its quarterly earnings data on Saturday, January 31st. The company reported C$1.20 earnings per share for the quarter. SSR Mining had a negative net margin of 44.13% and a negative return on equity of 15.34%. The business had revenue of C$694.09 million during the quarter. Research analysts predict that SSR Mining Inc. will post 0.8051668 earnings per share for the current fiscal year.

SSR Mining Company Profile

SSR Mining Inc is an intermediate gold company with assets located in four jurisdictions: the USA, Türkiye, Canada, and Argentina. These assets are located within several of the world’s most prolific precious metal districts including the Çöpler mine along the Tethyan belt in Türkiye; the Marigold mine along the Battle Mountain-Eureka trend in Nevada, USA; the CC&V mine in the Cripple Creek Mining District of Colorado, USA; the Seabee mine along the Trans-Hudson Corridor in Saskatchewan, Canada; and the Puna mine along the Bolivian silver belt in Jujuy, Argentina.