SSR Mining Inc (SSRM), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Cosmos Chiu from CIBC reiterated a Buy rating, with a C$16.25 price target.
According to TipRanks.com, Chiu is a 4-star analyst with an average return of 5.9% and a 47.5% success rate. Chiu covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Detour Gold Corporation.
Currently, the analyst consensus on SSR Mining Inc is a Strong Buy with an average price target of C$18.88, which is a 20.6% upside from current levels. In a report issued on January 7, Canaccord Genuity also reiterated a Buy rating on the stock with a C$21.50 price target.
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The company has a one-year high of C$16.84 and a one-year low of C$9.70. Currently, SSR Mining Inc has an average volume of 271.1K.
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$15.66, close to its 52-week high of C$16.84.
