Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for SSR Mining Inc (NASDAQ: SSRM) improved during the last several trading days. SSRM’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/18/24, SSR Mining Inc (NASDAQ: SSRM) stock increased 1.0%, closing at $4.02. However, this advance was accompanied by below average trading volume at 67% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -6.5% during the last week.
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 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 91 but a very low Power Rating of 0, with the Low Neutral Value Trend Rating the result.
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