RBC Capital analyst Josh Wolfson upgraded SSR Mining to Outperform from Sector Perform with a price target of $40, down from $45. The company's portfolio has been transformed to Canada-U.S. focused, which commands a higher valuation premium, the analyst tells investors in a research note. The firm says SSR in the first half of 2026 announced two major transactions that effectively exited Turkey as a jurisdiction. Upon completion, Canada and the U.S. represent 88% of the company's net asset value and 79% of EBITDA, and its revenue is nearly all precious metals, which typically commands a higher valuation premium. SSR's valuation remains at a discount to peers and its free cash flow is elevated, adds RBC.
