SSR Mining price target raised to $19 from $17.50 at BofA

BofA raised the firm’s price target on SSR Mining to $19 from $17.50 and keeps a Buy rating on the shares after updating the firm’s model to formally account for the Hod Maden project in its estimates. There are no changes to near-term EPS estimates as BofA assumes first production from the project in late 2027, but notes that it values SSR’s 40% share in Hod Maden at $1.19 per share and cites the “NAV-accretive acquisition” for its higher target.