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

SSR Mining Inc. (TSE:SSRM) shares hit a new 52-week high on Wednesday . The stock traded as high as C$49.21 and last traded at C$47.96, with a volume of 266552 shares. The stock had previously closed at C$45.28.

Wall Street Analyst Weigh In

Several research firms have weighed in on SSRM. TD Securities raised their price target on SSR Mining from C$45.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. National Bank Financial raised SSR Mining from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$43.00 to C$57.00 in a report on Thursday, March 5th. Finally, BMO Capital Markets raised SSR Mining from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$27.00 to C$41.00 in a report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, SSR Mining currently has an average rating of “Buy” and a consensus price target of C$47.50.

SSR Mining Trading Down 0.7%

The business’s fifty day moving average is C$38.79 and its 200-day moving average is C$34.12. The stock has a market capitalization of C$9.39 billion, a PE ratio of 24.78, a P/E/G ratio of 5.64 and a beta of 1.12. The company has a quick ratio of 3.80, a current ratio of 2.08 and a debt-to-equity ratio of 11.76.

SSR Mining (TSE:SSRM) last announced its quarterly earnings results on Saturday, January 31st. The company reported C$1.21 earnings per share (EPS) for the quarter. SSR Mining had a return on equity of 12.03% and a net margin of 24.34%.The firm had revenue of C$694.09 million during the quarter. As a group, analysts anticipate that SSR Mining Inc. will post 0.8051668 EPS for the current fiscal year.

About SSR Mining

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.