SSR Mining gains after Q2 results, buybacks, and portfolio overhaul

SSR Mining Inc. (SSRM) is up 9.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied mainly to the company’s second-quarter 2026 results and shareholder-return update released after the August 4 close. Investors also seem to be responding to SSR Mining’s much stronger balance sheet and its completed shift to an Americas-focused portfolio, which may be improving sentiment around future free cash flow.

Details:

Second-quarter continuing operations produced 101,959 gold equivalent ounces, and management said year-to-date results remain aligned with full-year 2026 production guidance of 450,000 to 535,000 gold equivalent ounces.

SSR Mining reported second-quarter net income attributable to shareholders from continuing operations of $137.0 million, or $0.66 per diluted share, alongside $115.6 million of operating cash flow and $50.3 million of free cash flow.

The company said it completed about $337.8 million of share buybacks in the quarter, had repurchased $409.2 million year to date, and declared a quarterly cash dividend of $0.03 per share.

Cash and cash equivalents stood at about $1.78 billion at June 30, with no long-term debt outstanding, after the June sale of the Çöpler stake for roughly $1.49 billion in cash and the July sale of the Hod Maden interest for a 4.0% royalty.

Sources:

SSR Mining, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$SSRM Hedge Fund Activity

We have seen 184 institutional investors add shares of $SSRM stock to their portfolio, and 156 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

WOODLINE PARTNERS LP added 3,518,756 shares (+inf%) to their portfolio in Q1 2026, for an estimated $103,451,426
FMR LLC added 3,103,421 shares (+188.6%) to their portfolio in Q1 2026, for an estimated $91,240,577
MILLENNIUM MANAGEMENT LLC added 2,269,324 shares (+647.7%) to their portfolio in Q1 2026, for an estimated $66,718,125
VAN ECK ASSOCIATES CORP removed 2,053,348 shares (-13.1%) from their portfolio in Q1 2026, for an estimated $60,368,431
PICTON MAHONEY ASSET MANAGEMENT removed 1,637,724 shares (-96.5%) from their portfolio in Q1 2026, for an estimated $48,149,085
VERITION FUND MANAGEMENT LLC added 1,449,176 shares (+2176.4%) to their portfolio in Q1 2026, for an estimated $42,605,774
MORGAN STANLEY removed 1,065,026 shares (-27.6%) from their portfolio in Q1 2026, for an estimated $31,311,764

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SSRM Price Targets

Multiple analysts have issued price targets for $SSRM recently. We have seen 5 analysts offer price targets for $SSRM in the last 6 months, with a median target of $40.0.

Here are some recent targets:

Lawson Winder from B of A Securities set a target price of $40.0 on 07/09/2026
Josh Wolfson from RBC Capital set a target price of $39.0 on 07/09/2026
George Eadie from UBS set a target price of $39.0 on 07/01/2026
Ovais Habib from Scotiabank set a target price of $58.0 on 06/26/2026
Cosmos Chiu from CIBC set a target price of $48.0 on 03/12/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.