SSR Mining (TSE:SSRM) Reaches New 12-Month High – Time to Buy?

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

Analyst Ratings Changes

SSRM has been the subject of several recent analyst reports. TD Securities raised SSR Mining from a “hold” rating to a “buy” rating and raised their target price for the stock from C$33.00 to C$43.00 in a research note on Thursday, January 22nd. Scotiabank upgraded SSR Mining from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$19.00 to C$39.00 in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the 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 Down 14.2%

The stock has a 50-day moving average of C$31.69 and a 200 day moving average of C$28.72. The company has a quick ratio of 3.80, a current ratio of 3.91 and a debt-to-equity ratio of 11.04. The company has a market capitalization of C$6.30 billion, a PE ratio of 30.14, a P/E/G ratio of 5.64 and a beta of 0.63.

SSR Mining (TSE:SSRM) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.32 EPS for the quarter. The business had revenue of C$537.25 million for the quarter. SSR Mining had a negative return on equity of 15.34% and a negative net margin of 44.13%. Sell-side analysts anticipate that SSR Mining Inc. will post 0.8051668 EPS for the current 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.