SSR Mining (SSRM) Surges 3.31% on Tuesday as Two-Day Rally Hits 9.02% High Amid Analyst Divergence

SSR Mining Inc. (SSRM) surged 3.31% on Tuesday, extending its two-day rally to 9.02% and hitting its highest level since September 2025. The stock climbed 3.57% intraday, reflecting renewed investor confidence amid a mix of institutional trading activity and divergent analyst outlooks.

Recent technical indicators have signaled bearish momentum, with key metrics like MACD and KDJ crossing below critical thresholds. Despite SSRM’s 260% annual gain, short-term traders and algorithms are monitoring potential downside risks. Institutional investors remain split: Wellington Management increased its stake on September 1, while Invesco sold over 1 million shares the same day. Vanguard Group’s 616,372-share sale on August 25 further highlights caution among major holders.

Brokerage actions have amplified market uncertainty. UBS Group upgraded SSRM to "Buy" on August 17, citing robust gold and silver fundamentals, while Cormark issued a pessimistic FY2026 earnings forecast on August 11. A $12.55 price target set by brokerages on August 29 aligns with the stock’s recent 52-week highs but underscores lingering skepticism. The "Hold" consensus among analysts reflects a cautious stance, balancing SSRM’s strong operational performance against risks like the stalled Çöpler mine in Turkey.

SSR’s Q2 2025 earnings report, released August 5, drove a 12-month high on August 7, with revenue and earnings growth exceeding 50% and 400%, respectively. However, operational delays at the Çöpler site and volatile commodity prices remain headwinds. The company’s Nevada, Saskatchewan, and Jujuy gold/silver operations continue to anchor cash flows, though analysts warn of valuation concerns amid sector-wide volatility.

Market sentiment remains mixed, with "Very Positive" media scores offset by overvaluation warnings. Unusual options activity on August 7 suggests speculative bets on further price swings. While SSRM’s fundamentals appear resilient, investors must weigh bullish technical patterns against institutional selling and conflicting analyst guidance to navigate near-term uncertainty.