BofA Cuts SSR Mining (SSRM) Price Target to $18, Maintains Underperform Rating

SSR Mining Inc. (NASDAQ:SSRM) is one of the best silver mining stocks to invest in right now. On November 24, Bank of America Securities (BofA) lowered the price target on SSR Mining Inc. (NASDAQ:SSRM) stock to $18 from $18.70 while keeping an Underperform rating.

BofA Cuts SSR Mining (SSRM) Price Target to $18, Maintains Underperform Rating

This action was part of BofA’s wider update to forecasts for North American metals and mining companies under coverage. The analysts described the overall conditions in the mining sector as “tough” due to slower demand for commodities in China. This, the firm stated, puts pressure on prices and operations, though this could get balanced out by stronger buying in the US and Europe as economies there pick up.

In a separate update, SSR Mining reported Q3 2025 earnings on November 4 and revenue came in at $385.8 million, a 50% increase from Q3 2024. According to management, the growth was due to the February 2025 acquisition of the Cripple Creek & Victor (CC&V) mine, which contributed $98.2 million in sales, alongside higher realized metal prices across its diversified portfolio of gold, silver, copper, lead, and zinc.

SSR Mining Inc. (NASDAQ:SSRM) is a diversified precious metals producer. The company’s Puna mine in Argentina is one of the largest primary silver mines in the world. Besides Puna, the company maintains exposure to silver through royalties and development projects such as Pitarrilla in Mexico.

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