RBC Capital Downgrades SSR Mining to Underperform, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Michael Siperco downgraded SSR Mining (NASDAQ:SSRM) from Sector Perform to Underperform and reduced the price target from $6 to $3, indicating a bearish outlook on the company's stock.
February 20, 2024 | 11:26 am
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SSR Mining was downgraded by RBC Capital from Sector Perform to Underperform with a price target cut from $6 to $3.
The downgrade from Sector Perform to Underperform, coupled with a significant reduction in the price target from $6 to $3, suggests a bearish outlook on SSR Mining by RBC Capital. This could lead to negative investor sentiment and a potential decrease in SSRM's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100