SSR Mining: Completely Different Portfolio, Same Depressed Valuation

IWA Research 3.41K Followers Follow Summary SSR Mining is reiterated as a Strong Buy after divesting its Turkish assets and pivoting to the Americas, unlocking significant re-rating potential. SSRM’s $1.49B Çöpler sale and Hod Maden royalty deal have reduced geopolitical risk, strengthened the balance sheet, and enabled focused capital deployment in North America. Despite near-term cost pressures and gold price volatility, SSRM’s robust cash position ($1.78B) provides flexibility for strategic growth and shareholder returns, with buybacks representing a 5.2% yield in H1 alone. Intrinsic value is estimated well above the current even under conservative estimates, implying the market undervalues the company’s transformed risk profile - for now. Monty Rakusen/DigitalVision via Getty Images Introduction The last time I covered SSR Mining ( SSRM ), I upgraded it to a Strong Buy, as the company's $1.49 billion Çöpler sale and Hod Maden royalty deal significantly reduced geopolitical risk, while the exceptional balance This article was written by IWA Research 3.41K Followers Follow I've been researching companies in-depth for over a decade, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market stocks, which I believe could help me provide useful content for readers. After writing my own blog for about 3 years, I decided to switch to a value investing-focused YouTube channel, where I researched hundreds of different companies so far. I would say my favorite type of company to cover are metals and mining stocks, but I am comfortable with several other industries, such as consumer discretionary/staples, REITs and utilities. Analyst’s Disclosure: I/we have a beneficial long position in the shares of SSRM, NEM, B either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.