RBC Capital Downgrades SSR Mining to Sector Perform, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Michael Siperco downgraded SSR Mining (NASDAQ:SSRM) from Outperform to Sector Perform and reduced the price target from $14 to $6, indicating a more cautious outlook on the company's stock.
February 15, 2024 | 10:55 am
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SSR Mining was downgraded by RBC Capital from Outperform to Sector Perform with a significant reduction in price target from $14 to $6.
The downgrade from Outperform to Sector Perform by a major analyst, along with a more than 50% reduction in the price target, suggests a significant shift in the market's perception of SSR Mining's future performance. This is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100