SSR Mining Inc (NASDAQ: SSRM) stock closed at $5.28 on 11/7/24 after a major decline of -14.0%. Moreover, trading volume in this decline was exceptionally high at 344% of normal. Relative to the market the stock has been strong over the last nine months but has declined -16.3% during the last week.
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 B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. SSR Mining has a slightly positive Power Rating of 65 and a good Appreciation Score of 81, triggering the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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