SSR Mining (TSE:SSRM) Sets New 52-Week High – Here’s Why

SSR Mining Inc. (TSE:SSRM) shares hit a new 52-week high on Thursday . The stock traded as high as C$39.20 and last traded at C$38.73, with a volume of 306944 shares changing hands. The stock had previously closed at C$36.45.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SSRM shares. TD Securities upgraded shares of SSR Mining from a “hold” rating to a “buy” rating and raised their price objective for the company from C$33.00 to C$43.00 in a research report on Thursday, January 22nd. Scotiabank upgraded shares of SSR Mining from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$19.00 to C$39.00 in a research note on Thursday, October 23rd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$35.58.

SSR Mining Stock Performance

The company has a debt-to-equity ratio of 11.04, a quick ratio of 3.80 and a current ratio of 3.91. The stock has a market cap of C$7.95 billion, a PE ratio of 38.00, a PEG ratio of 5.64 and a beta of 0.64. The company’s 50-day moving average price is C$32.85 and its two-hundred day moving average price is C$30.43.

SSR Mining (TSE:SSRM) last released its earnings results on Saturday, January 31st. The company reported C$1.20 EPS for the quarter. The business had revenue of C$694.09 million for the quarter. SSR Mining had a negative return on equity of 15.34% and a negative net margin of 44.13%. On average, equities research analysts forecast that SSR Mining Inc. will post 0.8051668 EPS for the current year.

About SSR Mining

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.