Why SSR Mining Stock Just Popped

Core Viewpoint - SSR Mining's stock price increased by 10% following an upgrade to "buy" by TD Cowen analyst Steven Green, with a price target of 43 Canadian dollars, equating to 31.18 U.S. dollars, which is 22% higher than the current stock price [1][3]. Group 1: Analyst Upgrade and Market Reaction - TD Cowen analyst Steven Green upgraded SSR Mining to a "buy" rating, citing the stock's compelling valuation amid rising gold prices [3][7]. - The stock's price is lower compared to rival gold companies, and it is generating improved free cash flow [3]. Group 2: Financial Performance and Projections - SSR Mining currently has an operating cash flow of 395 million U.S. dollars, with forecasts suggesting it could rise to 946 million U.S. dollars in 2026 and exceed 1.1 billion U.S. dollars in 2027 if the Çöpler mine reopens [4]. - The stock is valued at approximately 25 times both earnings and free cash flow, with a forecast growth rate exceeding 100% over the next five years, indicating potential for significant price appreciation [5]. Group 3: Potential Catalysts - A key catalyst for SSR Mining's stock could be the reopening of the Çöpler mine in Turkey, which was suspended due to an industrial accident in 2024 [3]. - If SSR Mining achieves its projected financial targets, the stock could potentially double in value over the next 12 months [5].