SSRM Mining Inc. shares surged 11.41% as it crossed above the 5-day SMA, following an upgrade from TD Cowen to a buy rating with a target price of CAD 43.
The upgrade by TD Cowen analyst Steven Green reflects strong bullish sentiment, with the target price indicating a 22% premium over the current price. The analyst highlighted that SSR Mining's stock is compelling amid rising gold prices and improved free cash flow, enhancing its investment appeal compared to peers. Additionally, the reopening of SSR Mining's Çöpler mine, previously suspended due to an industrial accident, could serve as a significant catalyst for future growth, potentially driving the stock price higher.
This upgrade and the positive outlook on gold prices suggest that SSR Mining is well-positioned for growth, especially with forecasts indicating substantial increases in operating cash flow over the next few years.
Wall Street analysts forecast SSRM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SSRM is 25.07 USD with a low forecast of 18.70 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
Wall Street analysts forecast SSRM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SSRM is 25.07 USD with a low forecast of 18.70 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
3 Hold
1 Sell
Moderate Buy
Current: 28.160
Low
18.70
Averages
25.07
High
29.00
Current: 28.160
Low
18.70
Averages
25.07
High
29.00
Scotiabank
NULL -> Outperform
maintain
$39 -> $45
2026-01-26
New
Reason
Scotiabank
Price Target
$39 -> $45
AI Analysis
2026-01-26
New
maintain
NULL -> Outperform
Reason
Scotiabank raised the firm's price target on SSR Mining to C$45 from C$39 and keeps an Outperform rating on the shares.
Canaccord
Buy
maintain
$45 -> $46
2026-01-23
Reason
Canaccord
Price Target
$45 -> $46
2026-01-23
maintain
Buy
Reason
Canaccord raised the firm's price target on SSR Mining to C$46 from C$45 and keeps a Buy rating on the shares.
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TD Securities
Steven Green
Hold
to
Buy
upgrade
$33 -> $43
2026-01-22
Reason
TD Securities
Steven Green
Price Target
$33 -> $43
2026-01-22
upgrade
Hold
to
Buy
Reason
As previously reported, TD Securities analyst Steven Green upgraded SSR Mining 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.
TD Securities
Steven Green
Hold
to
Buy
upgrade
$43
2026-01-22
Reason
TD Securities
Steven Green
Price Target
$43
2026-01-22
upgrade
Hold
to
Buy
Reason
TD Securities analyst Steven Green upgraded SSR Mining to Buy from Hold with a C$43 price target.
About SSRM
SSR Mining Inc. and its subsidiaries is a precious metals mining company with four assets located in the United States, Turkiye, Canada and Argentina. The Company is primarily engaged in the operation, acquisition, exploration and development of precious metal resource properties located in Turkiye and the Americas. The Company produces gold dore as well as copper, silver, lead and zinc concentrates. Its operations consist of four mine sites-Copler, located in Erzincan Province, Turkiye (Copler), Marigold, located in Nevada, United States (Marigold), Seabee, located in Saskatchewan, Canada (Seabee), and Puna, located in Jujuy Province, Argentina. The Company also participates in exploration and development activities at properties located in the United States, Argentina, Canada and Turkiye. The Copler Property is comprised of the Copler Mine, Greater Cakmaktepe Mine, and associated processing facilities. The Company also owns Cripple Creek & Victor gold mine.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
