The Globe and Mail reports in its Friday, Jan. 23, edition that TD Cowen analyst Steven Green has elevated his recommendation for SSR Mining to "buy" from "hold." The Globe's David Leeder writes that Mr. Green's share target soared $10 to $43. Analysts on average target the shares at $35.37. Mr. Green says in a note: "SSR Mining trades at a discount to peers. ... Also, while we still do not have any clarity on timing for a Copler restart, we are likely getting closer to this positive potential catalyst.
[SSR has a] compelling valuation. SSRM is currently trading at 0.75 times NAV and 2.7 times 2027 estimated EV/EBITDA, compared with its peer group at 1.15 times and six times, respectively, representing a 35-per-cent discount on P/NAV valuation. We believe SSR should trade closer to peer averages given improved production stability and strong cash-flow generation following the CC&V transaction, with 2026 representing the first full year of production from the asset. ... Copler catalyst remains a wild card. With Copler now approaching two years on care and maintenance, and the clean-up well advanced, we could be getting closer to more clarity on a potential restart, which would be a positive catalyst, in our view."
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