SSR Mining (TSE:SSRM) Hits New 1-Year High at $22.05

SSR Mining Inc (TSE:SSRM) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$22.05 and last traded at C$21.88, with a volume of 380543 shares traded. The stock had previously closed at C$21.37.

SSRM has been the topic of several recent analyst reports. National Bank Financial boosted their target price on Yamana Gold from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Pi Financial upped their price objective on Wesdome Gold Mines from C$4.50 to C$5.65 in a report on Wednesday, July 24th. Finally, BMO Capital Markets set a C$18.00 price objective on SSR Mining and gave the stock an “outperform” rating in a report on Saturday, April 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$20.54.

The stock has a fifty day simple moving average of C$18.44. The company has a current ratio of 4.36, a quick ratio of 2.99 and a debt-to-equity ratio of 26.05. The stock has a market capitalization of $2.57 billion and a PE ratio of 197.82.

In other SSR Mining news, Senior Officer W. John Decooman Jr. sold 5,500 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of C$18.50, for a total transaction of C$101,750.00. Following the transaction, the insider now owns 2,142 shares of the company’s stock, valued at approximately C$39,627. Also, Senior Officer Gregory John Martin sold 25,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of C$16.92, for a total value of C$423,000.00. Following the transaction, the insider now directly owns 19,030 shares in the company, valued at approximately C$321,987.60.

About SSR Mining (TSE:SSRM)

SSR Mining Inc engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.

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