The Globe and Mail reports in its Thursday, Feb. 6, edition that RBC Capital Markets analyst Michael Siperco has upgraded SSR Mining to "sector perform" from "underperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Siperco boosted his share target to $8 from $5.50 (all figures U.S.). Analysts on average target the shares at $7.80. Mr. Siperco says in a note: "We upgraded [SSR Mining] on our view that rising prices and cash flow from the portfolio (now including Cripple Creek and Victor ahead of expected deal close in 1Q25, 20 per cent of NAV) limit downside even as we continue to model no value/production for SSR Mining's Turkish assets. Despite the better outlook and potential upside, we think investors need more clarity on the outcome in Turkey (costs and any path to production) before getting more comfortable with the valuation and outlook." The Globe reported on Feb. 21 that Mr. Siperco had downgraded SSR Mining to "underperform" from "sector perform." The shares could then be had for $4.51. The Globe reported on Nov. 14 that National Bank Financial analyst Mike Parkin had reiterated his "sector perform" recommendation for SSR Mining. The shares could then be had for $5.51.
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