The Globe and Mail reports in its Thursday, March 13, edition that Canaccord Genuity analyst Carey MacRury has reaffirmed his "buy" recommendation for SSR Mining. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacRury boosted his share target to $16.75 from $14.50. Analysts on average target the shares at $13.22. Mr. MacRury says in a note:
"2024 was a year of operational recovery for the company after the heap leach failure at its Copler operation in Turkey in February. While Copler remains suspended, operations continued as usual at its other assets (albeit with forest fires impacting Seabee). SSR Mining ended the year with the announcement of the acquisition of the CC&V operation in Colorado from Newmont, paying up to $275-million. While the timeline for a restart at Copler remains uncertain, we see upside in both an eventual restart and a potential construction decision at Hod Maden, as well as ongoing the upcoming mine plan for CC&V. In addition, SSR's balance sheet remains strong, ending the year with $388-million in cash and $400-million available under its undrawn credit facility plus $100-million accordion feature."
© 2025 Canjex Publishing Ltd. All rights reserved.