SSR Mining (TSE:SSRM) Reaches New 52-Week High on Analyst Upgrade

SSR Mining Inc. (TSE:SSRM)’s stock price hit a new 52-week high during mid-day trading on Wednesday after TD Securities raised their price target on the stock from C$11.00 to C$13.00. TD Securities currently has a hold rating on the stock. SSR Mining traded as high as C$15.12 and last traded at C$14.91, with a volume of 653945 shares traded. The stock had previously closed at C$13.27.

SSR Mining Stock Performance

The stock has a market cap of C$2.12 billion, a P/E ratio of -4.36, a price-to-earnings-growth ratio of 5.64 and a beta of 0.94. The stock has a 50 day simple moving average of C$11.13 and a 200 day simple moving average of C$8.88. 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, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.