The Materials sector company, SSR Mining Inc (TSX: SSRM), has received a rating update from a Wall Street analyst today. Analyst Don DeMarco from National Bank rated SSR Mining Inc (TSX: SSRM) a Buy, setting a C$17 price target.
According to TipRanks.com, DeMarco is a 2-star analyst with an average return of 3.1% and a 71.4% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Osisko Mining Inc, Tahoe Resources, and TMAC Resources.
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SSR Mining Inc has an analyst consensus of Strong Buy, with a price target consensus of C$18.50.
Based on SSR Mining Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$6.61 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$13.92, close to its 52-week high of C$14.62.
