SSR Mining Inc. (SSRM.TO, SSRM) was upgraded to Outperform from Sector Perform at RBC Capital Markets on Wednesday.
Analyst Josh Wolfson lowered his price target on shares of the Denver-based mining company to US$40 from US$45.
"Rising prices and cash flow from the portfolio limit downside even as we continue to model no value/production for SSRM's Turkish assets," Wolfson said in a note to clients.
"Despite the higher cash flow and potential upside from the rest of the portfolio, however, we think investors need more clarity on the outcome in Turkey pending the potential sale of Copler in 3Q and strategic review of Hod Maden," the analyst said.