SSR Mining Inc. (SSRM:TSX) emerged as one of the top gainers on the S&P/TSX composite index this week, climbing just over 12 percent. Many analysts anticipate further upside for the precious metals miner. ATB Cormark Capital Markets analyst Richard Gray, in a note dated June 17, maintained his price target of $68 for the company, which is incorporated in British Columbia, headquartered in Colorado, and operates in the United States, Canada, Turkey, and Argentina. SSR closed Friday at $43.54. Shares are up 42 percent year to date, though with fluctuations, and currently trade off their 2026 closing high of $49.41.
Analyst Sees 56% Upside on Buybacks
Gray stated he is sticking with his price target as "SSR continues to aggressively return its cash to shareholders," including $300 million spent in the second quarter of 2026 and the approval of an additional $500 million in buybacks. "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 noted. Despite this week's strong move, the stock remains at an "attractive entry point," he added. SSR has a 12-month price target of $60.37 based on the calls of 10 analysts, according to Bloomberg.
Cogeco Could Gain 30% on U.S. Asset Sale
TD Cowen analyst Vince Valentini maintained his price target of $83 and buy recommendation for Cogeco Communications Inc. (CCA:TSX) after the telco wrote down the assets of Breezeline, its U.S. cable asset. Cogeco closed Friday at $63.85. The writedown has "stimulated" investor talk that Cogeco may sell the asset, based on past writedowns leading to sales in "a reasonably short period of time," Valentini said in a June 19 note. While there is no current evidence of a sale, Valentini believes the writedown increases the likelihood that Cogeco could exit its U.S. business within the next 12 to 24 months. Breezeline still generates free cash flow, making it attractive to "financial players," while existing cable companies may be drawn by scale and cost efficiencies, even though "cable is out of favour in the U.S." A sale would leave investors with a "cleaner and better performing Canadian business," potentially paving the way for the sale of mobile spectrum or the entire company. Cogeco has a 12-month price target of $72.60 from 10 analysts, per Bloomberg.
Signs of a Market Top, Says Rosenberg
David Rosenberg, president of Rosenberg Research and Associates Inc., noted in a June 19 report that signs indicate stock markets may have hit a top driven by momentum and "speculative growth stocks." He observed that "only" 35 percent of S&P 500 members have beaten the market in 2026, and over the past two months, 18 of the top 20 companies were in tech. "Flows into indexed funds have totalled more than $600 billion so far this year as FOMO has taken over, yet again," he said. SPACs have rebounded to 44 this year from 33 last year, with deals worth US$37 billion versus US$15 billion in 2025. The surge in AI capital raises and the IPO "craze" remind him of 1999 and the dot-com bubble burst. Rosenberg suggests investing in short-term bonds, which are influenced by central bank rate policy, creating an opportunity if the Federal Reserve proves less restrictive than expected. He also favors Canadian banks, noting "high profitability and supportive thematic tailwinds justify above-average multiples."
