5 Most Undervalued Silver Mining Stocks to Buy Now

2. SSR Mining Inc. (NASDAQ:SSRM)

With a forward P/E of 5.96x, SSR Mining Inc. (NASDAQ:SSRM) ranks among the most undervalued silver mining stocks to buy now. Meanwhile, analysts see 65.20% upside for the stock.

On June 3, 2026, RBC Capital analyst Josh Wolfson upgraded SSR Mining Inc. (NASDAQ:SSRM) to “Outperform” from “Sector Perform,” trimming the price target to $40 from $45.

Wolfson said SSR Mining Inc.’s (NASDAQ:SSRM) portfolio has shifted to a Canada- and U.S.-focused profile, a profile that commands a higher valuation premium. He noted that SSR Mining completed two major transactions in the first half of 2026, effectively exiting Turkey as a jurisdiction. Once completed, Canada and the U.S. will represent 88% of net asset value and 79% of EBITDA, with revenue almost entirely tied to precious metals. RBC said that the mix usually draws a higher valuation, yet SSR Mining still trades at a discount to peers while generating higher free cash flow.

That shift traces back to two agreements.

On May 18, 2026, SSR Mining Inc. (NASDAQ:SSRM) agreed to sell its 20% stake and operator role in the Hod Maden project to Lidya Mines for an uncapped 4.0% net smelter return royalty (NSR). Royal Gold, also a project partner, will sell part of its stake to Lidya Mines for a 2.5% NSR and keep certain consent rights over SSR Mining’s royalty.

That followed the late March 2026 agreement to sell SSR Mining Inc. (NASDAQ:SSRM)’s 80% stake in the Çöpler mine in Turkey to Cengiz Holding for $1.5 billion in cash. Both deals are expected to close in the third quarter of 2026, pending regulatory approval from Turkish authorities.

SSR Mining Inc. (NASDAQ:SSRM) is a metals mining company that has assets in four jurisdictions: the USA, Turkiye, Canada, and Argentina. It is involved in the acquisition, exploration, operation, and development of precious metal resource properties.