SSR Mining jumped 12% this week after an analyst kept a $68 target, citing aggressive buybacks. Cogeco's writedown of its U.S. cable asset has analysts speculating on a sale.
Alpha Score of 60 reflects moderate overall profile with strong momentum, strong value, weak quality. Based on 3 of 4 signals – score is capped at 90 until remaining data ingests.
SSR Mining Inc. (SSRM:TSX) jumped more than 12% this week, closing at $43.54. The move followed an ATB Cormark Capital Markets note from analyst Richard Gray, who kept his $68 price target – roughly 56% above Friday's close.
Gray's conviction rests on the company's cash return program. SSR spent $300 million on buybacks in the second quarter of 2026 and got board approval for another $500 million. "The approval demonstrates management's confidence that the company will continue to generate strong free cash flow as it refocuses on its North American portfolio and continues to evaluate growth opportunities," Gray wrote.
Shares are up 42% year to date, though they remain below the 2026 closing high of $49.41. Gray called the current level "an attractive entry point."
The broader analyst consensus backs the call. SSR's 12-month price target sits at $60.37, based on 10 analysts tracked by Bloomberg. That implies roughly 39% upside from Friday's close.
SSR operates mines in the United States, Canada, Turkey and Argentina. The company is incorporated in British Columbia but headquartered in Colorado.
Cogeco writedown stirs sale speculation
TD Cowen analyst Vince Valentini kept his $83 price target and buy rating on Cogeco Communications Inc. (CCA:TSX) after the telco wrote down its U.S. cable asset, Breezeline. Cogeco closed Friday at $63.85.
The writedown has "stimulated" investor talk that Cogeco could sell Breezeline, Valentini said in a June 19 note. Past writedowns at the company led to asset sales "in a reasonably short period of time," he noted.
Valentini said the writedown increased the likelihood Cogeco exits its U.S. business within 12 to 24 months. Breezeline still generates free cash flow, which could attract "financial players." Existing cable operators might also bid for scale and cost efficiencies, even though "cable is out of favour in the U.S.," Valentini said.
A sale would leave Cogeco with a "cleaner and better performing Canadian business," which could set the stage for selling mobile spectrum or the entire company, he added.
Cogeco's 12-month consensus price target is $72.60, based on 10 analysts tracked by Bloomberg.
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