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SSR Mining (TSE:SSRM) Reaches New 1-Year High - Still a Buy?

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SSR Mining Inc. (TSE:SSRM - Get Free Report) shares reached a new 52-week high during trading on Friday . The company traded as high as C$16.39 and last traded at C$15.59, with a volume of 268271 shares changing hands. The stock had previously closed at C$16.08.

Analyst Upgrades and Downgrades

SSRM has been the subject of several recent analyst reports. TD Securities raised their target price on SSR Mining from C$11.00 to C$13.00 and gave the stock a "hold" rating in a research note on Wednesday, February 19th. National Bankshares boosted their price objective on shares of SSR Mining from C$14.25 to C$18.00 and gave the company a "sector perform" rating in a report on Wednesday, March 19th.

Get Our Latest Analysis on SSR Mining

SSR Mining Stock Down 7.8 %

The business has a 50 day simple moving average of C$13.76 and a 200 day simple moving average of C$10.46. The company has a market capitalization of C$2.05 billion, a price-to-earnings ratio of -4.22, 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.

Insider Activity at SSR Mining

In related news, Director Rod Antal sold 52,076 shares of the business'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. Also, Senior Officer Michael John Sparks sold 13,055 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$183,944.95. 0.91% of the stock is currently owned by company insiders.

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SSR Mining Company Profile

(Get Free Report)

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.

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