Canaccord Genuity Reaffirms Their Buy Rating on SSR Mining Inc (SSRM)


In a new note to investors on October 18, an analyst has provided a rating update for the Materials sector company, SSR Mining Inc (TSX: SSRM). The company received a Buy on October 18 from Canaccord Genuity’s analyst Carey MacRury, with a C$19 price target.

According to TipRanks.com, MacRury has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.6% and a 17.8% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Osisko Gold Royalties Ltd, and Torex Gold Resources Inc.

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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, a 26.1% upside from current levels. In a report issued on October 15, National Bank also maintained a Buy rating on the stock with a C$17 price target.

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SSR Mining Inc’s market cap is currently C$1.72B and has a P/E ratio of 64. The company has a Price to Book ratio of 1.45.

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 Friday at C$14.28, close to its 52-week high of C$14.62.

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