BofA Lowers SSR Mining (SSRM) PT Following Hod Maden Technical Update

Core Viewpoint - SSR Mining Inc. is considered one of the most undervalued gold stocks, with mixed analyst opinions on its price target and performance [1][2]. Group 1: Analyst Ratings and Price Targets - Bank of America reduced its price target for SSR Mining to $21 from $21.50 while maintaining an Underperform rating, following a 1.5% decrease in the firm's total attributable net asset value estimate due to an updated technical report for the Hod Maden project [1]. - UBS analyst Levi Spry increased the price target for SSR Mining to $38.50 from $34.50 and maintained a Buy rating, indicating a more optimistic outlook compared to Bank of America [2]. Group 2: Production and Financial Performance - In Q3 2025, SSR Mining produced 103,000 gold equivalent ounces, with gold sales benefiting from an average realized price exceeding $3,500 per ounce, leading to a net income of $65.4 million, or $0.31 per diluted share [3]. - The production results varied across the portfolio, with Marigold producing 36,000 ounces and the Poona silver site contributing 2.4 million ounces, although challenges were noted at the Marigold site regarding ore fines and at the CB site due to lower-than-expected grades [3]. Group 3: Company Overview - SSR Mining Inc. engages in the acquisition, exploration, and development of precious metal resource properties in the US, Türkiye, Canada, and Argentina, focusing on gold doré, copper, silver, lead, and zinc deposits [4].