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4 stories mentioning SSRMUpdated 12d ago

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Research

SSR Mining Upgraded to Outperform at RBC

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.

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Research

RBC Upgrades SSR Mining to Outperform From Sector Perform, Lowers Price Target to $40 From $45

SSR Mining (SSRM) has an average rating of buy and mean price target of $43.75, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Mining & Metals

CIBC Revises Earnings Estimate for SSR Mining After Hod Maden Stake Sale

CIBC Capital Markets on Tuesday revised its 2027 adjusted earnings estimate for SSR Mining (SSRM.TO, SSRM) to reflect the miner's sale of its interest in the Hod Maden operation in Turkey.CIBC trimmed the 2027 adjusted earnings forecast for SSR to US$8.06 from US$8.21 previously, while retaining the 2026 estimate of US$5.36 per share.SSR agreed to sell its 20% stake in the mine to joint venture partner Lidya Mines in exchange for a 4% net smelter royalty (NSR), as SSR shifted its focus to its assets in the U.S., Canada and Argentina.CIBC expects SSR shares to continue to re-rate higher following the transaction. The SSR royalty was worth US$320 million while the 20% stake had an estimated value of US$387 million, CIBC said."We believe the royalty interest should be better rewarded by the market given the benefits of an NSR, including more resilience against cost inflation and other risk, CIBC said."Furthermore, SSR Mining reminded investors of the other royalties already in its portfolio ... all of which together have a value calculating to US$165 million; a value that we believe is likely overlooked by the market and may not be included in many analyst models," CIBC added.Price: $42.31, Change: $+1.58, Percent Change: +3.88%

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Wire

SSR Mining Q1 Adjusted Earnings, Revenue Rise; Shares Gain After Hours

SSR Mining (SSRM) reported Q1 adjusted earnings late Tuesday of $1.15 per diluted share, up from $0.41 a year earlier.Analysts polled by FactSet expected $0.84.Revenue in the three months ended March 31 rose to $581.8 million from $316.6 million a year earlier.Four analysts surveyed by FactSet expected $536.4 million.SSR Mining shares rose 8% in after-hours trading.

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