BMO Capital Resumes SSR Mining (SSRM) Coverage with $13.50 Target

SSR Mining Inc. (NASDAQ:SSRM) is one of the best stocks to buy amid gold rally. On July 18, BMO Capital Markets resumed coverage on SSR Mining with a “Market Perform” rating and set a price target of $13.50. The firm cited SSR Mining’s strong financial position, including a current ratio of 3.95 and operating with moderate debt levels.

SSR Mining’s cash flow is robust, supported by its gold-producing assets: the Marigold mine in Nevada and the recently acquired CC&V mine in Colorado. This positions the company as the third-largest gold producer in the United States, according to BMO.

Despite these strengths, BMO expects SSR Mining shares to remain discounted relative to peers mainly due to concerns stemming from the leach pad slip and the resulting suspension at the company’s Çöpler mine in Türkiye. The firm noted that a potential restart at Çöpler could improve SSR Mining’s valuation but expressed that the market will likely remain cautious until there is more clarity on this issue.

SSR Mining Inc. (NASDAQ:SSRM) is a precious metals mining company focused on gold production. It operates mines and development projects in the United States, Türkiye, Canada, and Argentina. Key assets include the Marigold mine in Nevada, the Seabee gold operation in Saskatchewan, and the Puna silver mine in Argentina. SSR Mining also holds a 50% interest in the Çöpler gold mine in Türkiye.

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Disclosure: None. This article is originally published at Insider Monkey.