SSR Mining (TSE:SSRM) Given New C$13.00 Price Target at TD Securities

SSR Mining (TSE:SSRM) had its price target boosted by analysts at TD Securities from C$11.00 to C$13.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential downside of 13.45% from the company’s previous close.

SSR Mining Price Performance

TSE:SSRM traded up C$1.75 during mid-day trading on Wednesday, reaching C$15.02. 708,615 shares of the company were exchanged, compared to its average volume of 376,300. SSR Mining has a 12 month low of C$5.29 and a 12 month high of C$15.12. The stock has a market cap of C$2.14 billion, a PE ratio of -4.41, a PEG ratio of 5.64 and a beta of 0.94. The company has a quick ratio of 3.80, a current ratio of 3.91 and a debt-to-equity ratio of 11.04. The company has a fifty day moving average of C$11.13 and a 200 day moving average of C$8.88.

About SSR Mining

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.