According to The Fly, in a latest note to investors, a research analyst has provided a rating update for the SSR Mining Inc (SSRM). Analyst Ryan Thompson from BMO Capital remains bullish on the stock.
According to TipRanks.com, Thompson is ranked 0 out of 5 stars with an average return of -18.1% and a 23.3% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, First Majestic Silver, and Silvercorp Metals Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for SSR Mining Inc with a C$18 average price target.
Based on SSR Mining Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$8.33 million. In comparison, last year the company had a net profit of C$1.34 million.
SSR Mining, Inc. engages in the operation, development, exploration, and acquisition of precious metal projects. It focuses on the Puna, Marigold Mines, and Seabee Gold Operations. The company was founded on December 11, 1946 is headquartered in Vancouver, Canada.
The company’s shares closed on Monday at C$15.50, close to its 52-week high of C$15.75.
