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Fly News Breaks for October 12, 2018
SSRM
Oct 12, 2018 | 06:55 EDT
BMO Capital analyst Ryan Thompson nudged his price target on SSR Mining higher to $12.50 from $11.75 and kept his Outperform rating after its Q3 production report. The analyst notes that both Marigold and Seabee mines have "handily" exceeded his expectations as consolidated gold production of 86.3koz came in 22% higher than he expected. Thompson also continues to see SSR Mining offering a "best in class" balance sheet and an attractive valuation on price to net present value basis.
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