SSR Mining (TSE:SSRM) Hits New 12-Month High Following Analyst Upgrade

SSR Mining Inc. (TSE:SSRM) shares hit a new 52-week high during trading on Wednesday after National Bankshares raised their price target on the stock from C$14.25 to C$18.00. National Bankshares currently has a sector perform rating on the stock. SSR Mining traded as high as C$16.12 and last traded at C$15.84, with a volume of 298672 shares. The stock had previously closed at C$15.81.

Separately, TD Securities increased their target price on SSR Mining from C$11.00 to C$13.00 and gave the stock a “hold” rating in a research report on Wednesday, February 19th.

Insider Transactions at SSR Mining

In other news, Senior Officer Michael John Sparks sold 13,055 shares of the company’s stock in a transaction on Friday, March 7th. The shares were 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 company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of C$14.09, for a total transaction of C$733,750.84. Insiders own 0.91% of the company’s stock.

SSR Mining Stock Down 0.6 %

The stock has a 50 day moving average price of C$13.16 and a 200-day moving average price of C$10.08. The stock has a market capitalization of C$2.27 billion, a P/E ratio of -4.67, a PEG ratio of 5.64 and a beta of 0.94. The company has a debt-to-equity ratio of 11.04, a current ratio of 3.91 and a quick ratio of 3.80.

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.