Stock Rating Downgrade
During the last several trading days the Value Trend Rating for SSR Mining Inc (NASDAQ: SSRM) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
SSR Mining Inc (NASDAQ: SSRM) stock closed at $5.57 on 4/26/24 after a modest gain of 0.9%. However, this advance was accompanied by below average trading volume at 67% of normal. The stock has risen 8.4% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. SSR Mining has a very high Appreciation Score of 88 but a very low Power Rating of 0, and the Negative Value Trend Rating results.
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