SSR Mining (TSE:SSRM) Trading Up 7.7% – What’s Next?

SSR Mining Inc. (TSE:SSRM) shares traded up 7.7% during mid-day trading on Friday . The company traded as high as C$16.18 and last traded at C$16.17. 571,934 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 468,908 shares. The stock had previously closed at C$15.01.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. National Bankshares boosted their target price on SSR Mining from C$14.25 to C$18.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 19th. TD Securities increased their price objective on shares of SSR Mining from C$11.00 to C$13.00 and gave the company a “hold” rating in a research report on Wednesday, February 19th.

SSR Mining Stock Performance

The stock’s fifty day moving average price is C$14.73 and its two-hundred day moving average price is C$11.98. The company has a market cap of C$2.30 billion, a P/E ratio of -4.75, a P/E/G ratio of 5.64 and a beta of 0.94. The company has a debt-to-equity ratio of 11.04, a quick ratio of 3.80 and a current ratio of 3.91.

Insider Transactions at SSR Mining

In other news, Director Rod Antal sold 52,076 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of C$14.09, for a total value of C$733,750.84. Also, Senior Officer Michael John Sparks sold 13,055 shares of SSR Mining stock in a transaction that occurred 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. Company 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.