Here's Why Shares in SSR Mining Popped Higher Today

Shares in gold miner SSR Mining (NASDAQ: SSRM) rose by 8% by 12 a.m. today. The move comes as gold prices spiked, but investors shouldn't lose sight of the fact that equity markets did so as well. In addition, investors are warming to the company's management, recently signing a definitive share purchase agreement to sell a 80% stake in a mine in Turkey for $1.5 billion in cash. Few investors will complain about a higher share price. Still, there's one thing to consider here: correlation. As recently discussed, a lot of speculative money has flowed into gold and silver over the last couple of years, which is likely why gold is often trading in line with the markets this year. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool