SSR Mining Inc (SSRM) Received its Third Buy in a Row
Analysts seem to be feeling optimistic about SSR Mining Inc (SSRM) lately, as after BMO Capital and RBC Capital rated the stock a Buy this past month, there is another positive note, this time from CIBC. The company received a Buy yesterday from analyst Cosmos Chiu, with a C$16.25 price target.
According to TipRanks.com, Chiu is a 4-star analyst with an average return of 8.0% and a 51.2% success rate. Chiu covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and OceanaGold Corporation.
Currently, the analyst consensus on SSR Mining Inc is a Strong Buy with an average price target of C$19, an 8.8% upside from current levels. In a report issued on February 27, RBC Capital also reiterated a Buy rating on the stock.
SSR Mining Inc’s market cap is currently C$2.09B and has a P/E ratio of 265.5. The company has a Price to Book ratio of 1.57.
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$17.47.