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CIBC analyst Cosmos Chiu maintains SSR Mining (NASDAQ:SSRM) with a Outperformer and raises the price target from $48 to $50.
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SSR Mining stock fell 4.4% after gold prices dropped 3.9% due to rising oil prices and inflation concerns. Higher expected interest rates make bonds more attractive than gold, pressuring both the commodity and the stock. However, the analyst notes SSR Mining's strong financial position with positive free cash flow and $1.8 billion in cash may support a recovery.
Franco-Nevada Corporation has made multiple acquisitions of royalties and streams across gold and other assets throughout 2026, including deals with i-80 Gold, Orezone Gold, and others. The company expects gold equivalent ounces to reach 555,000-615,000 by 2030, representing 13% growth from 2025 levels. B2Gold received an exploitation permit in Mali for Fekola Regional, while SSR Mining continues growth initiatives at its Marigold mine.
RBC Capital analyst Josh Wolfson maintains SSR Mining (NASDAQ:SSRM) with a Outperform and raises the price target from $39 to $43.