SSR Mining Declines 39% YTD: How Should You Play the Stock Now?
SSR Mining(SSRM) ZACKS·2024-10-24 02:00
SSR Mining Inc. (SSRM) has plunged 39.3% year to date against the industry’s decline of 10.7%. Meanwhile, the Zacks Basic Materials sector and the S&P 500 have gained 2.2% and 22.7%, respectively.The SSRM stock was dealt a significant blow by a major slip on the heap leach pad at the Çöpler mine on Feb. 13, 2024. Therefore, operations had to be suspended. This incident led to a 54% plunge in its share price in a day. Even though SSRM stock has picked up gradually, it has not resumed the pre-Çöplerincident p ...