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

SSR Mining Inc. (NASDAQ:SSRM) is one of the most undervalued gold stocks to buy according to analysts. On February 2, Bank of America reduced its price target for SSR Mining to $21 from $21.50 while keeping an Underperform rating. This adjustment follows a 1.5% decrease in the firm’s total attributable net asset value estimate for the company, triggered by an updated technical report for the minority-owned Hod Maden copper-gold project in Türkiye.

However, on January 30, UBS analyst Levi Spry increased the price target for SSR Mining to $38.50 from $34.50 and maintained a Buy rating.

In Q3 2025, SSR Mining Inc. (NASDAQ:SSRM) produced 103,000 gold equivalent ounces, with gold sales benefiting from an average realized price exceeding $3,500 per ounce. This contributed to a net income of $65.4 million, or $0.31 per diluted share. SSR Mining generally saw varying results across its portfolio, with Marigold producing 36,000 ounces and the Poona silver site contributing 2.4 million ounces. However, challenges were noted at the Marigold site regarding ore fines and at the CB site, where grades were lower than anticipated due to material reconciliation issues.

SSR Mining Inc. (NASDAQ:SSRM), together with its subsidiaries, acquires, explores, and develops precious metal resource properties in the US, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits.

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Disclosure: None. This article is originally published at Insider Monkey.