SSR Mining (TSE:SSRM) Reaches New 52-Week High – Should You Buy?

SSR Mining Inc. (TSE:SSRM) shares reached a new 52-week high during mid-day 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.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SSRM shares. TD Securities lifted 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. National Bankshares lifted their price objective 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.

SSR Mining Stock Performance

The firm has a market cap of C$2.22 billion, a price-to-earnings ratio of -4.58, a PEG ratio of 5.64 and a beta of 0.94. The stock’s fifty day moving average is C$13.67 and its two-hundred day moving average is C$10.40. 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 Buying and Selling at SSR Mining

In related news, Director Rod Antal sold 52,076 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were 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 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 transaction of C$183,944.95. 0.91% of the stock is owned by corporate insiders.

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.