Stock Rating Upgrade
The Value Trend Rating for SSR Mining Inc (NASDAQ: SSRM) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
SSR Mining Inc (NASDAQ: SSRM) stock closed at $5.38 on 5/1/24 after a modest gain of 0.4%. However, trading volume in this advance was unusually low at 63% of normal. 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
SSRM is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
SSR Mining has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. SSR Mining has a very high Appreciation Score of 88 but a very low Power Rating of 1, producing the Low Neutral Value Trend Rating.
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