RBC Capital Maintains Outperform on SSR Mining, Raises Price Target to $43
RBC Capital analyst Josh Wolfson maintains SSR Mining (NASDAQ:SSRM) with a Outperform and raises the price target from $39 to $43.
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SSR Mining Q2 Adj. EPS $0.66 Misses $0.77 Estimate, Sales $443.798M Miss $447.240M Estimate
SSR Mining (NASDAQ:SSRM) reported quarterly earnings of $0.66 per share which missed the analyst consensus estimate of $0.77 by 14.29 percent. This is a 29.41 percent increase over earnings of $0.51 per share from the
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Why SSR Mining Stock Surged 45% in August
SSR Mining stock surged 45.3% in August after selling its troubled Çöpler mine in Turkey for $1.5 billion in June. The sale left the company with $1.8 billion in cash and no debt, enabling management to repurchase over $300 million in stock and reinstate dividends. Rising gold prices and improved operational fundamentals further boosted the stock, which hit a 52-week high of $39.44.
SSRM Advances With Marigold Growth Initiatives: Can They Aid Upside?
SSR Mining Inc. (SSRM) is advancing growth initiatives at its Marigold mine in Nevada, including the Buffalo Valley project, with an updated life-of-mine plan expected by end of 2026. The company expects 2026 Marigold production of 170,000-200,000 ounces, heavily weighted to Q4 with higher grades driving output. SSRM increased 2026 growth capital guidance from $48M to $65M and continues exploration at brownfield targets. The stock trades at a forward P/E of 9.55x, below industry average, with 2026 earnings consensus of $3.87/share (+92.5% YoY), though recent estimates have declined.
Why SSR Mining Stock Flopped on Friday
SSR Mining stock declined 4.41% on Friday as gold and silver prices fell following hawkish comments from Federal Reserve Chair Kevin Warsh at the Jackson Hole Economic Symposium. His remarks suggested the Fed may raise interest rates soon to combat inflation, which typically drives investment capital away from precious metals toward higher-yielding assets like bonds.