SSR Mining Price Target Cut to $21 After 1.5% NAV Dip; UBS Hikes to $38.50
Bank of America reduced its SSR Mining price target to $21 from $21.50 after cutting its attributable NAV estimate by 1.5% following an updated technical report on the Hod Maden copper-gold project in Türkiye. UBS meanwhile lifted its target to $38.50 from $34.50 and upheld a Buy rating.
1. BofA Cuts Price Target
Bank of America lowered its SSR Mining price target to $21 from $21.50 after reducing its total attributable net asset value estimate by 1.5% following an updated technical report for the minority-owned Hod Maden copper-gold project in Türkiye. The Underperform rating was maintained as the new data revealed slightly lower recoverable reserves.
2. UBS Upside Revision
UBS analyst Levi Spry boosted his price target to $38.50 from $34.50 and retained a Buy rating, citing stronger long-term commodity price assumptions and project advancement at key assets.
3. Q3 2025 Production and Financials
In Q3 2025 SSR Mining produced 103,000 gold equivalent ounces, selling gold at an average realized price above $3,500 per ounce, which contributed to net income of $65.4 million, or $0.31 per diluted share. Marigold generated 36,000 ounces and the Poona silver site yielded 2.4 million ounces, although Marigold faced ore fines challenges and the CB site delivered lower-than-expected grades.