Analyst Kevin O’Halloran from BMO Capital maintained a Buy rating on SSR Mining and keeping the price target at $41.00.

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Kevin O’Halloran has given his Buy rating due to a combination of factors, including resilient earnings, strong cash generation and an increasingly focused asset base. Despite production coming in below expectations, SSR Mining delivered Q2 EPS essentially in line with Street forecasts and ahead of his model, supported by better-than-anticipated costs and solid free cash flow, while management continues to return significant capital through buybacks and dividends.

He also highlights the firm’s strengthened balance sheet following the Cöpler sale, which left SSR Mining debt-free with a large cash position and expanded revolver capacity to fund growth. With a streamlined portfolio concentrated in the Americas, ongoing investment in mine life extensions and development projects, and visible valuation upside, O’Halloran maintains an unchanged price target of $41 and concludes that the risk‑reward justifies a Buy recommendation.

In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $40.00 price target.