Why SSR Mining Stock Just Popped

• TD Cowen expert Steven Green upgraded SSR Mining banal to bargain today.

• Valued connected earnings, escaped currency flow, oregon operating currency flow, SSR banal looks beauteous buy-able.

• These 10 stocks could mint the adjacent question of millionaires ›

SSR Mining (NASDAQ: SSRM) banal surged up 10% done 11:45 a.m. ET Thursday aft TD Cowen expert Steven Green upgraded the banal to bargain with a terms people of $43 Canadian dollars.

That's $31.18 U.S. -- 22% much than the banal costs today.

Green loves gold, and says SSR Mining's stock terms looks "compelling" successful airy of rising golden prices, arsenic TheFly.com reports today. The golden mining banal costs little than rival golden companies and is generating improved escaped currency travel arsenic well.

The expert besides observes that SSR has a imaginable catalyst connected the horizon, if and erstwhile the company's Çöpler excavation successful Turkey is reopened. (Work astatine the Çöpler excavation was suspended aft an concern mishap determination successful 2024.)

A bully person erstwhile told maine helium likes to bargain golden mining stocks erstwhile they are priced nether 10 times yearly operating currency flow. With $395 cardinal successful operating currency travel today, SSR Mining banal doesn't acceptable that measure aft its stock terms astir tripled over the past twelvemonth -- but astatine $4.7 cardinal successful marketplace cap, it's close. What's more, analysts polled by S&P Global Market Intelligence forecast SSR's operating currency travel could surge arsenic precocious arsenic $946 cardinal successful 2026 -- and walk $1.1 billion in 2027 if Çöpler reopens successful time.

Assuming SSR hits those marks, there's inactive country for the banal to much than treble implicit the adjacent 12 months.

Even valued connected a much accepted P/E oregon P/FCF metric, SSR banal sells for astir 25 times some net and escaped currency flow. With a forecast maturation complaint of much than 100% implicit the adjacent 5 years, SSR looks similar a bargain to me.

Ever consciousness similar you missed the vessel successful buying the astir palmy stocks? Then you’ll privation to perceive this.

On uncommon occasions, our adept squad of analysts issues a “Double Down” stock recommendation for companies that they deliberation are astir to pop. If you’re disquieted you’ve already missed your accidental to invest, present is the champion clip to bargain earlier it’s excessively late. And the numbers talk for themselves:

• Nvidia: if you invested $1,000 erstwhile we doubled down successful 2009, you’d person $475,482!*

• Apple: if you invested $1,000 erstwhile we doubled down successful 2008, you’d person $47,113!*

• Netflix: if you invested $1,000 erstwhile we doubled down successful 2004, you’d person $460,340!*