SSR Mining Inc (SSRM) Receives a Buy from National Bank

By Ryan Adsit

SSR Mining Inc (SSRMResearch Report), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. National Bank’s analyst Don DeMarco reiterates their Buy rating on the shares, with a C$21 price target.

According to TipRanks.com, DeMarco is a 4-star analyst with an average return of 6.8% and a 61.0% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Detour Gold Corporation, and OceanaGold Corporation.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SSR Mining Inc with a C$19.50 average price target, representing a 13.5% upside. In a report issued on March 14, CIBC also reiterated a Buy rating on the stock with a C$16.25 price target.

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The company has a one-year high of C$20 and a one-year low of C$10.71. Currently, SSR Mining Inc has an average volume of 322.4K.

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 Tuesday at C$17.18.