SSR Mining Hits 15-Year High on $395.7M Profit Swing and UBS Upgrade
SSR Mining swung to net income of $395.7M from a $261M loss as revenues rose 64% to $1.6B, with Q4 net income surging 3,200% to $181M. Shares hit $29.68 intraday and rose 6.8% after UBS lifted its price target to $37 and the company announced $230M note redemption.
1. Earnings Surge
SSR Mining swung to net income attributable to shareholders of $395.7M in 2025, reversing a $261M loss in 2024 as revenues climbed 64% to $1.6B. Fourth-quarter results showed net income of $181M, up 3,200%, on revenues of $521.7M, up 61%, while total production reached 120,267 gold equivalent ounces.
2. Share Price Rally
Shares hit an intraday high of $29.68, marking a nearly 15-year peak, and closed up 9.48% at $29.11. The stock also gained an additional 6.8% in extended trading following positive corporate updates.
3. Convertible Notes Redemption
The company plans to redeem $230M of convertible senior notes due 2039 by March 19, 2026, offering holders 56.7931 shares per $1,000 note. Full conversion would issue up to 13M new shares, potentially affecting share dilution.
4. Analyst Upgrade and Outlook
UBS raised its price target from $36 to $37 and maintained a buy rating, reflecting confidence in earnings momentum. Management set a 2026 production target of 450,000 to 535,000 gold equivalent ounces.