SSR Mining (TSE:SSRM) Hits New 12-Month High After Analyst Upgrade

SSR Mining Inc. (TSE:SSRM) shares reached a new 52-week high during trading on Friday after TD Securities upgraded the stock from a hold rating to a buy rating. TD Securities now has a C$43.00 price target on the stock, up from their previous price target of C$33.00. SSR Mining traded as high as C$36.95 and last traded at C$35.71, with a volume of 281708 shares. The stock had previously closed at C$35.82.

Separately, Scotiabank upgraded shares of SSR Mining from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$19.00 to C$39.00 in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$35.58.

SSR Mining Stock Performance

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$7.25 billion, a PE ratio of 34.67, a P/E/G ratio of 5.64 and a beta of 0.63. The stock’s 50 day moving average price is C$30.89 and its 200 day moving average price is C$27.94.

SSR Mining (TSE:SSRM) last announced its quarterly earnings results on Tuesday, November 4th. The company reported C$0.32 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 firm had revenue of C$537.25 million during the quarter. As a group, equities analysts forecast 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.