Ssr Mining Inc. | SSRM

Daily Technical Analysis of Ssr Mining Inc.

Ssr Mining bobbled around today only ended up 0.40% since yesterday.

Currently SSRM isn't at a clear support/resistance line that seems tradable. But we can consider it's momentum, Ssr Mining has seen a lot of selling over the last year which hasn't let up, this thing has really been sliding. People who bought the asset have lost -66.97 percent over the last 12 months, not great! I would wait until it get to a better support level before rolling the dice on this one. SSRM might find some support at the 13.11 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Ssr Mining By Price Target And Rating

Analysts are very concerned for the future of SSR Mining and are providing negative ratings. This may coincide with future price drops. The current Analysts Sentiment Score is -168.22. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Royal Bank of Canada announced that they are reiterating a rating of Sector Perform on 2024-02-20 and decided to decrease their price target by -50% down to $3.00. On 2024-02-14 there was a downgrade announced by Scotiabank from Sector Outperform to Sector Perform. TD Securities downgraded from Buy to Hold on 2024-02-14. CIBC released a downgrade on 2024-02-14 from Sector Outperform to Neutral and decided to decrease their price target by -67.57% down to $6.00. On 2024-01-03 there was confirmation of the previous rating by National Bank Financial which was Sector Perform Overweight. Bank of America released a downgrade on 2023-11-20 from Buy to Underperform and decided to decrease their price target by -26.47% down to $12.50. Desjardins initiated a rating of Buy on 2023-10-24. On 2023-10-06 UBS Group lowered their price target by -2.19% to $17.90.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for SSR Mining

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for SSR Mining

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.