SSR Mining (TSE:SSRM) Hits New 12-Month High – Should You Buy?

SSR Mining Inc. (TSE:SSRM)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$15.48 and last traded at C$15.18, with a volume of 120238 shares traded. The stock had previously closed at C$14.73.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their price target on 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 company has a debt-to-equity ratio of 11.04, a current ratio of 3.91 and a quick ratio of 3.80. The stock has a market cap of C$2.20 billion, a PE ratio of -4.52, a price-to-earnings-growth ratio of 5.64 and a beta of 0.94. The business has a 50 day moving average price of C$12.74 and a two-hundred day moving average price of C$9.84.

Insider Buying and Selling at SSR Mining

In related news, Senior Officer Michael John Sparks sold 13,055 shares of SSR Mining 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 that occurred on Friday, March 7th. The stock was sold at an average price of C$14.09, for a total value of C$733,750.84. 0.91% of the stock is currently 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.