05:29:41 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



SSR Mining Inc
Symbol SSRM
Shares Issued 203,887,993
Close 2023-11-03 C$ 16.77
Market Cap C$ 3,419,201,643
Recent Sedar Documents

Globe says Siperco keeps SSR Mining at "outperform"

2023-11-03 08:00 ET - In the News

The Globe and Mail reports in its Friday, Nov. 3, edition that RBC Capital Markets analyst Michael Siperco has reaffirmed his "outperform" recommendation for SSR Mining. The Globe's David Leeder writes in the Eye On Equities column that Mr. Siperco slashed his share target back by $7 (U.S.) to $15 (U.S.). Analysts on average target the shares at $25.07 (Canadian). Mr. Siperco says in a note: "The near term production/cost outlook has been downgraded during a new three-year investment period at Copler, Marigold and Hod Maden. While updated plans could pay off post-2026, until then we see the weaker outlook and increased execution/capital risk as capping relative upside, leading to our lower target and more cautious view. We still see significant long-term value in the portfolio, however we think more clarity is needed (potentially with 1Q24 technical reports/updated guidance) before the market can get more comfort with the investment plan." The Globe reported on April 26 that Canaccord Genuity analysts rated SSR Mining "buy." The analysts said that SSR Mining was their top defensive gold pick. The shares could then be had for $20.10 (Canadian).

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