SSR Mining (SSRM) Stock Forecast & Price Target

$5.51 +0.14 (+2.61%)

(As of 05:36 PM ET)

SSR Mining - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 7 Analyst Ratings

Sell
2

Hold
4

Buy
1

Based on 7 Wall Street analysts who have issued ratings for SSR Mining in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 7 analysts, 2 have given a sell rating, 4 have given a hold rating, and 1 has given a buy rating for SSRM.

Consensus Price Target

$7.01
27.27% Upside

According to the 7 analysts' twelve-month price targets for SSR Mining, the average price target is $7.01. The highest price target for SSRM is $12.50, while the lowest price target for SSRM is $3.00. The average price target represents a forecasted upside of 27.27% from the current price of $5.51.

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SSRM Analyst Ratings Over Time

Type	Current Forecast 11/15/23 to 11/14/24	1 Month Ago 10/16/23 to 10/15/24	3 Months Ago 8/17/23 to 8/16/24	1 Year Ago 11/15/22 to 11/15/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	5 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	0 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$7.01	$7.01	$6.89	$17.73
Forecasted Upside	27.27% Upside	19.06% Upside	33.22% Upside	52.02% Upside
Consensus Rating	Reduce	Reduce	Reduce	Buy

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SSRM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SSRM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

SSR Mining Stock vs. The Competition

Type	SSR Mining	Basic Materials Companies	S&P 500
Consensus Rating Score	1.86	2.76	2.50
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	27.27% Upside	125.13% Upside	8.88% Upside
News Sentiment Rating	Neutral News See Recent SSRM News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/15/2024	UBS Group 4 of 5 stars		Boost Target	Buy ➝ Buy	$6.30 ➝ $6.80	+20.57%
7/10/2024	CIBC 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$5.50 ➝ $5.75	+18.07%
4/8/2024	National Bank Financial 5 of 5 stars	M. Parkin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sector Perform Spec Overwgt
2/28/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Egilo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
2/20/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Underperform	$6.00 ➝ $3.00	-38.90%
2/14/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Sector Outperform ➝ Sector Perform
2/14/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
11/20/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Underperform	$17.00 ➝ $12.50	+7.30%
2/14/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$23.00 ➝ $19.00	+32.87%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:55 PM ET.

SSRM Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for SSR Mining is $7.01, with a high forecast of $12.50 and a low forecast of $3.00.
: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SSR Mining in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" SSRM shares.
: According to analysts, SSR Mining's stock has a predicted upside of 27.27% based on their 12-month stock forecasts.
: SSR Mining has been rated by research analysts at UBS Group in the past 90 days.
: Analysts like SSR Mining less than other "basic materials" companies. The consensus rating for SSR Mining is Reduce while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how SSRM compares to other companies.

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This page (NASDAQ:SSRM) was last updated on 11/14/2024 by MarketBeat.com Staff

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SSR Mining (SSRM) Stock Forecast & Price Target