SSR Mining (TSE:SSRM) Reaches New 12-Month High – Here’s What Happened

SSR Mining Inc. (TSE:SSRM) hit a new 52-week high during trading on Friday . The company traded as high as C$16.39 and last traded at C$15.59, with a volume of 268271 shares trading hands. The stock had previously closed at C$16.08.

Wall Street Analyst Weigh In

SSRM has been the topic of a number of recent research reports. TD Securities upped their target price on SSR Mining from C$11.00 to C$13.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. National Bankshares increased their price objective on SSR Mining from C$14.25 to C$18.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 19th.

SSR Mining Stock Down 3.1 %

The firm’s 50 day moving average is C$13.67 and its 200-day moving average is C$10.40. The firm has a market cap of C$2.22 billion, a PE ratio of -4.58, a P/E/G ratio of 5.64 and a beta of 0.94. The company has a quick ratio of 3.80, a current ratio of 3.91 and a debt-to-equity ratio of 11.04.

Insider Transactions at SSR Mining

In related news, Senior Officer Michael John Sparks sold 13,055 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of C$14.09, for a total value of C$183,944.95. Also, Director Rod Antal sold 52,076 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of C$14.09, for a total value of C$733,750.84. Insiders own 0.91% of the company’s stock.

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.