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

SSR Mining Inc. (TSE:SSRM)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$44.25 and last traded at C$44.08, with a volume of 292169 shares traded. The stock had previously closed at C$41.70.

Analyst Ratings Changes

Separately, TD Securities upgraded SSR Mining from a “hold” rating to a “buy” rating and raised their price objective for the company from C$33.00 to C$43.00 in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$35.58.

SSR Mining Stock Down 0.1%

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 firm has a market capitalization of C$8.92 billion, a PE ratio of 42.59, a price-to-earnings-growth ratio of 5.64 and a beta of 0.64. The business has a 50-day moving average price of C$34.44 and a 200-day moving average price of C$31.45.

SSR Mining (TSE:SSRM) last released its quarterly earnings data on Saturday, January 31st. The company reported C$1.20 earnings per share for the quarter. SSR Mining had a negative return on equity of 15.34% and a negative net margin of 44.13%.The company had revenue of C$694.09 million for the quarter. Equities research 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.