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

SSR Mining Inc. (TSE:SSRM) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$38.88 and last traded at C$35.73, with a volume of 511492 shares changing hands. The stock had previously closed at C$38.17.

Analyst Ratings Changes

SSRM has been the subject of several research analyst reports. Scotiabank raised shares of SSR Mining from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$19.00 to C$39.00 in a research report on Thursday, October 23rd. TD Securities upgraded 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$35.58.

SSR Mining Stock Down 5.2%

The company’s 50 day moving average price is C$31.48 and its two-hundred day moving average price is C$28.57. 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$7.34 billion, a PE ratio of 35.13, a PEG ratio of 5.64 and a beta of 0.63.

SSR Mining (TSE:SSRM) last announced its quarterly earnings data on Tuesday, November 4th. The company reported C$0.32 earnings per share (EPS) for the quarter. SSR Mining had a negative net margin of 44.13% and a negative return on equity of 15.34%. The firm had revenue of C$537.25 million during the quarter. On average, equities research analysts expect that SSR Mining Inc. will post 0.8051668 EPS 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.