23:28:38 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



SSR Mining Inc
Symbol SSRM
Shares Issued 202,951,708
Close 2024-02-28 C$ 5.82
Market Cap C$ 1,181,178,941
Recent Sedar Documents

Globe says Habib cuts SRR Mining share target by half

2024-02-29 07:27 ET - In the News

The Globe and Mail reports in its Thursday, Feb. 29, edition that Scotia Capital analyst Ovais Habib has reaffirmed his "sector perform" recommendation for SSR Mining. The Globe's David Leeder writes in the Eye On Equities column that Mr. Habib slashed his share target by $6 to $6. Analysts on average target the shares at $9.84. Mr. Habib says in a note: "We view the results as negative for SSR Mining a shares as the company's retraction of guidance from its Turkish assets points to a potentially prolonged shutdown at Copler with a high degree of uncertainty surrounding SSR Mining's broader social license to operate in the country. As the company works to maintain its near-term liquidity, we continue to expect heightened volatility in the stock until a possible pathway to resuming operations at Copler can be determined. As SSR Mining has removed Copler and Hod Maden from its short- and long-term guidance, we have followed suit and removed these assets from our DCF, switching to an in-situ value for each asset." The Globe reported on Nov. 3 that RBC rated SSR Mining "outperform." It was then worth $16.77. The Globe reported on Feb. 15 that Mr. Habib had lowered SSR Mining to "sector perform" when it could be had for $6.02.

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