BMO Capital analyst Kevin O’Halloran upgraded SSR Mining (SSRM) to Outperform from Market Perform with a price target of $41, up from $27. The firm is citing the company’s sale of the Copler mine for $1.5B cash, also noting that the deal significantly strengthens SSR’s balance sheet and focuses the portfolio on the Americas, the analyst tells investors in a research note. BMO adds that it expects shares to revalue to reflect a reduced risk profile.
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