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SSR Mining (SSRM) Receives a Buy from CIBC

Tipranks - Tipranks - Thu Aug 6, 1:26PM CDT

CIBC analyst Cosmos Chiu maintained a Buy rating on SSR Mining today and set a price target of $48.00.

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According to TipRanks, Chiu is a 5-star analyst with an average return of 19.9% and a 56.39% success rate. Chiu covers the Basic Materials sector, focusing on stocks such as Alamos Gold, Franco-Nevada, and Pan American Silver.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SSR Mining with a $42.60 average price target.

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Based on SSR Mining’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $443.8 million and a net profit of $127.78 million. In comparison, last year the company earned a revenue of $405.46 million and had a net profit of $90.08 million

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