Stock Rating Downgrade
The Value Trend Rating for SSR Mining Inc (NASDAQ: SSRM) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
SSR Mining Inc (NASDAQ: SSRM) stock closed at $4.30 on 3/8/24 after a decline of -4.0%. NORMAL trading volume accompanied the decline. The stock is unchanged during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, SSRM is expected to continue to be Value Creation neutral.
SSR Mining has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. SSR Mining has a very high Appreciation Score of 89 but a very low Power Rating of 0, producing the Negative Value Trend Rating.
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