Why SSR Mining Stock Dropped Today
High oil prices and rising inflation worry SSR Mining investors. Needlessly?
Overview
SSR Mining (NASDAQ: SSRM) stock tumbled 4.4% through 12:10 p.m. ET Monday after BMO Capital analyst Kevin O'Halloran reiterated his "outperform" rating on the gold and silver mining stock -- but removed his $41 price target just four months after announcing it.
Image source: Getty Images.
Gold prices have been mostly treading water the past couple weeks, trading between about $4,300 and $4,400 per ounce. They fell steeply this morning, however, down 3.9% to about $4,154.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.