SSR Mining upgraded to Buy at TD Securities on valuation, surging gold

As previously reported, TD Securities analyst Steven Green upgraded SSR Mining (SSRM) to Buy from Hold with a price target of C$43, up from C$33, citing what it sees as a “compelling valuation” as well as higher gold prices as reflected in the firm’s gold deck update. SSR trades at a discount to peers despite improved free cash flow performance and “offers good torque to the surging gold price,” the analyst tells investors.