UBS Reiterates Buy Rating on SSR Mining Inc. (SSRM)
UBS maintains its buy rating for SSR Mining Inc. with a $40 price target, a 41.44% upside from the current price.
Key Points
- UBS reiterated its buy rating on SSR Mining Inc. with a $40 price target as of June 30, 2026.
- UBS's $40 price target implies 41.44% upside from SSR Mining Inc.'s ($SSRM) current $28.28 share price.
- SSR Mining shares were trading at $28.28 on Wednesday with a P/E ratio of 10.84 and a market cap of $5.87 billion.
- Institutional investors like Vanguard Capital Management LLC opened a new position with 5,841,953 shares valued at $171.6 million.
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UBS has reiterated its buy rating on SSR Mining Inc. (NasdaqGS: SSRM), maintaining a price target of $40. This update from analyst George Eadie came out on June 30, 2026. SSR Mining's shares were trading around $28.28 on Wednesday.
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Other Institutional Activity in SSR Mining
Vanguard Capital Management LLC opened a new position in SSR Mining, acquiring 5,841,953 shares valued at approximately $171.6 million. Meanwhile, Van Eck Associates Corp reduced its holdings by 2,053,348 shares, leaving it with 13,662,350 shares worth about $401.7 million. BlackRock, Inc. also trimmed its stake by 265,111 shares, resulting in a total of 11,395,116 shares valued at $335 million. Mirae Asset Global ETFs Holdings Ltd. decreased its position by 757,296 shares, ending with 10,816,700 shares valued at $317.7 million.
SSR Mining Inc. Stock Down 24.2%
Shares of SSR Mining Inc. traded near $28.28 on Wednesday. The company, which is engaged in gold mining, has a market capitalization of approximately $5.87 billion. It features a price-to-earnings ratio of 10.84 and a forward P/E of 5.56. The stock's 52-week range is between $11.70 and $36.52, with a 50-day moving average of $30.08 and a 200-day moving average of $26.12. SSR Mining has a beta of 0.845, indicating relatively low volatility compared to the market.
$SSRM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Analysts Set New Price Targets
On June 30, 2026, UBS maintained its buy rating for SSR Mining Inc., setting a price target of $40. Previously, on June 3, 2026, RBC Capital upgraded the stock to a buy rating with a target of $40. The consensus among analysts is a strong buy, with a mean target price of $42.60 based on five analyst opinions.
About SSR Mining Inc.
SSR Mining Inc. is a company based in Denver, Colorado, involved in the acquisition, exploration, and development of precious metal resource properties. It operates in several countries, including the United States, Turkey, Canada, and Argentina, focusing on gold, copper, silver, lead, and zinc deposits. The company was formerly known as Silver Standard Resources Inc. and has been operating under its current name since August 2017. It employs around 2,900 people and is led by CEO Rodney P. Antal.
Bottom Line
UBS's reiteration of a buy rating with a $40 target reflects continued confidence in SSR Mining Inc.'s potential. Investors keep an eye on such analyst updates to gauge market sentiment and potential stock performance. Remember, these ratings and targets are based on past data and projections, not current holdings or future guarantees.
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