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SSR Mining Inc (SSRM) Becoming More Attractive for Investors

In a filing, SSR Mining Inc revealed its EVP, Ops & Sustainability MacNevin William K. unloaded Company’s shares for reported $48130.0 on Jan 03 ’25. In the deal valued at $7.16 per share,6,722 shares were sold. As a result of this transaction, MacNevin William K. now holds 265,711 shares worth roughly $2.72 million.

Then, Ebbett John sold 2,076 shares, generating $9,384 in total proceeds. Upon selling the shares at $4.52, the EVP, Growth and Innovation now owns 30,205 shares.

RBC Capital Mkts upgraded its SSR Mining Inc [SSRM] rating to a Sector perform from a an Underperform in a research note published on February 05, 2025; the price target was increased to $8 from $5.50. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. RBC Capital Mkts also remained covering SSRM and has decreased its forecast on February 20, 2024 with a “an Underperform” recommendation from previously “Sector perform” rating. RBC Capital Mkts revised its rating on February 15, 2024. It rated SSRM as “a Sector perform” which previously was an “an Outperform”.

Price Performance Review of SSRM

On Tuesday, SSR Mining Inc [NASDAQ:SSRM] saw its stock fall -2.10% to $10.25. Over the last five days, the stock has gained 9.86%. SSR Mining Inc shares have risen nearly 47.27% since the year began. Nevertheless, the stocks have risen 134.55% over the past one year. While a 52-week high of $10.91 was reached on 02/20/25, a 52-week low of $3.90 was recorded on 01/02/25. SMA at 50 days reached $8.06, while 200 days put it at $6.09.

Levels Of Support And Resistance For SSRM Stock

The 24-hour chart illustrates a support level at 10.06, which if violated will result in even more drops to 9.86. On the upside, there is a resistance level at 10.43. A further resistance level may holdings at 10.60. The Relative Strength Index (RSI) on the 14-day chart is 70.30, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.29%. Stochastics %K at 78.65% indicates the stock is a holding.

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