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Fly News Breaks for November 13, 2019
SSRM
Nov 13, 2019 | 08:58 EDT
B. Riley FBR analyst Adam Graf upgraded SSR Mining to Buy from Neutral with a price target of $23, up from $16.70. The analyst sees "strong" year-over-year EBITDA growth resulting from higher metal sales and prices in conjunction with falling unit costs in 2020-2022. His model indicates that while SSR's performance from the Puna and Seabee operations should continue to yield attractive free cash flows, its performance from Marigold over the next three years should see accelerated production, EBITDA and free cash flow.
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