Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for SSR Mining Inc (NASDAQ: SSRM) weakened during the last several trading days. SSRM’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
SSR Mining Inc (NASDAQ: SSRM) stock closed at $4.54 on 8/9/24 after a modest gain of 0.7%. However, exceptionally low trading volume at 49% of normal accompanied the advance. The stock has declined -7.3% during the last week and 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 (High Neutral). 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 slightly negative Power Rating of 33, triggering the High Neutral Value Trend Rating.
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