SSR Mining Inc (SSRM) Receives a Buy from Canaccord Genuity


In a new note to investors yesterday, an analyst has provided a rating update for the Materials sector company, SSR Mining Inc (SSRM). Analyst Carey MacRury from Canaccord Genuity rated SSR Mining Inc (SSRM) a Buy, setting a C$21.50 price target.

According to TipRanks.com, MacRury is a 1-star analyst with an average return of -2.3% and a 40.2% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.

Currently, the analyst consensus on SSR Mining Inc is a Strong Buy with an average price target of C$18.

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$20.19 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$16.18, close to its 52-week high of C$16.78.

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