SSR Mining (TSE:SSRM) Sets New 12-Month High – Should You Buy?

SSR Mining Inc. (TSE:SSRM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$27.56 and last traded at C$27.27, with a volume of 209019 shares traded. The stock had previously closed at C$26.50.

Wall Street Analyst Weigh In

SSRM has been the subject of a number of recent analyst reports. TD Securities lifted their target price on shares of SSR Mining from C$20.00 to C$24.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. National Bankshares lifted their target price on shares of SSR Mining from C$20.00 to C$24.75 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$24.38.

SSR Mining Stock Performance

The company has a market cap of C$5.57 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 5.64 and a beta of -0.29. The firm’s fifty day moving average is C$19.49 and its 200 day moving average is C$16.74. The company has a current ratio of 3.91, a quick ratio of 3.80 and a debt-to-equity ratio of 11.04.

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.