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RBC upgrades SSR Mining to Outperform, citing discounted valuation

Created at 3 Jun · 6:49 PM2 sources↑ Market-relevant2 events
IN SHORT

RBC Capital Markets upgraded SSR Mining to Outperform from Sector Perform. The firm cited SSR Mining's discounted valuation relative to its industry peers as a key driver for the upgrade.

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Who's Involved

RBC Capital Markets
Analyst firm upgrading SSR Mining
SSR Mining
Mining company subject to upgrade

↳ Why This Matters

This upgrade signals a potentially positive outlook from analysts at RBC for SSR Mining, suggesting the stock may offer attractive investment potential due to its current valuation compared to industry peers.

Key facts

  • RBC Capital Markets upgraded SSR Mining to Outperform.
  • The previous rating was Sector Perform.
  • Analysts cited SSR Mining's discounted valuation compared to peers.

RBC Capital Markets has upgraded its rating on SSR Mining, moving it from a "Sector Perform" to an "Outperform" rating. The decision by RBC analysts was driven by their assessment that SSR Mining's current valuation is discounted when compared to other companies in the same sector. This suggests that RBC believes the stock is undervalued relative to its competitors.

Frequently asked questions

RBC Capital Markets upgraded SSR Mining to Outperform from Sector Perform.

Analysts cited SSR Mining's discounted valuation compared to its peers.

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How It Developed

3 Jun · 6:59 PM
RBC Capital Markets upgraded SSR Mining to "outperform" from "sector perform," citing its discounted valuation.
Seeking Alpha via PiQSuite
3 Jun · 6:27 PM
RBC downgraded Rio Tinto to Sell equivalent, forecasting a continued decline in iron ore prices.
Seeking Alpha via PiQSuite

Sources

T1
Rio Tinto cut to Sell equivalent at RBC, forecasting continued decline in iron ore pricem.piqsuite.com
T1
SSR Mining upgraded at RBC as valuation remains discounted to peersm.piqsuite.com

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