SSR Mining May Realize Even Lower Value From Copler Mine, Says Bearish Analyst
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Shares of SSR Mining Inc (NASDAQ: SSRM) continued to decline in earlier trading on Tuesday, after joining other stocks that ended the premarket session in the red.
Risks to the stock have increased again after the environmental permits of the company’s Copler mine in eastern Turkey were revoked, according to RBC Capital Markets.
The SSR Mining Analyst: Michael Siperco downgraded the rating for SSR Mining from Sector Perform to Underperform, while lowering the price target from $6 to $3.
The SSR Mining Thesis: The company has also …
Full story available on Benzinga.com
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