RBC Capital upgraded SSR Mining (SSRM) to Sector Perform from Underperform with a price target of $8, up from $5.50. The firm says rising prices and cash flow from the portfolio limit share downside even as it continues to model no value and production for SSR’s Turkish assets. Despite the better outlook and potential upside, investors need more clarity on the outcome in Turkey before getting more comfortable with SSR Mining’s valuation and outlook, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SSRM:
- SSR Mining Strengthens Board with New Appointment
- SSR Mining to Release 2024 Financial Results and Announce 2025 Guidance Post-Acquisition
- SSR Mining price target raised to C$12 from C$10 at Scotiabank
- SSR Mining Achieves Milestone in Gold Production
- SSR Mining announces Marigold Mine achieves 5M ounces of gold production