RBC Capital Maintains a Hold Rating on SSR Mining (SSRM)
An aerial view of a large open-pit mine at sunrise, with trucks driving in its depths.
SSR Mining Inc. (NASDAQ:SSRM) provided an update on June 13, stating that the operations had resumed at the site with the power supply fully restored. Management announced that the fires had caused no damage to the site.
SSR Mining Inc. (NASDAQ:SSRM) operates, develops, explores, and acquires metal resource properties in the Americas and Turkiye. It operates through the Copler, Marigold, Seabee, Puna, and the Exploration, Evaluation, and Development Properties business segments. Sites. The Copler, Marigold, Seabee, and Puna segment encompasses its four operating mine sites. SSR Mining Inc. (NASDAQ:SSRM) produces gold doré, along with silver, lead, copper, and zinc concentrates.
While we acknowledge the potential of SSRM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
Stock market today: S&P 500 ekes out new record amid wave of earnings, trade updates
US stocks closed mixed Tuesday, but the benchmark S&P 500 (^GSPC) was able to eke out a new record as Wall Street digested a new batch of earnings, including a tariff warning from General Motors (GM), while also weighing the latest trade developments. The S&P closed just above the flat line to secure the fresh all-time high of 6,309.62. The Nasdaq Composite (^IXIC) dropped around 0.4% ahead of Big Tech earnings, while the Dow Jones Industrial Average (^DJI) rose 0.4%. Markets bounced off earlier losses after President Trump announced a new trade deal with the Philippines, in a potential sign that more positive developments on the trade front could be on the horizon. So far, the market has proven resilient in the face of tariff uncertainty, with the S&P 500 and Nasdaq hitting fresh record closes on Monday. Earnings season has been largely upbeat, buoying stocks and sentiment — though the market is now weighing how far the recent rally can run. Earnings results from a wave of companies on Tuesday were mixed. The stocks of General Motors (GM), Philip Morris (PM), RTX (RTX), and Lockheed Martin (LMT) sank after their quarterly results disappointed Wall Street. General Motors reported that its core profit sank over 32% in the second quarter as tariff headwinds sapped $1.1 billion from its results. The Big Three automaker warned the hit would be deeper in the current quarter, providing food for thought to investors assessing the impact of President Trump's trade policy. Read more: Full earnings coverage in our live blog At the same time, Wall Street awaits second-quarter results from "Magnificent Seven" members Alphabet (GOOGL, GOOG) and Tesla (TSLA) on Wednesday. As the valuation of large-cap tech stocks soars, investors are hoping for reassurance that the hype around AI is more than just buzz. Meanwhile, the clock is ticking on trade. Trump's August 1 deadline to strike a deal or raise tariffs is fast approaching but progress remains elusive. Talks with India are reportedly deadlocked, while negotiations with the European Union continue to stall. There is some movement on China. Treasury Secretary Scott Bessent said he'll meet his Chinese counterpart next week in Stockholm with discussions expected to include a possible extension of the August 12 deadline to avoid sharply higher tariffs. Read more: The latest on Trump's tariffs LIVE 21 updates
Yahoo
9 minutes ago
- Yahoo
Commentary: CEOs have a new boss — Trump
If you're an American CEO, you might wake up one day to discover that President Trump has helped himself to a seat on your board of directors. Since first running for president in 2015, Trump has fashioned himself as a businessman-politician who knows what's best for American companies. Many CEOs appreciate his focus on deregulation and lowering taxes. But there's a catch: Trump has strong views on how managers should run their businesses and no compunctions about using the power of the presidency to bully bosses into doing it his way. Many CEOs are learning how to accommodate the micromanager in chief, some through lip service and others through actual business decisions. Some of Trump's interventions are remarkably mundane. He wants Coca-Cola to use real cane sugar in its soda instead of corn syrup. Coke says it will actually do what Trump wants, even though sugar is more expensive and Trumpa-Cola will probably cost more. Other demands are far more problematic. He wants the Washington Commanders football team and the Cleveland Guardians baseball team to revert to their former names, the racially insensitive Redskins and Indians, respectively. That's Trump using professional sports franchises to push his anti-woke agenda to the extreme, which may not hurt Trump, but it puts the two teams in a lose-lose position by reigniting controversies they thought they had finally put behind them. Trump's most meddlesome gambit is his trade policy, which is meant to literally force thousands of US companies to reorganize the way they do business by buying less abroad and more domestically. He directly threatened Apple with a 25% tax if it doesn't start making iPhones in the United States. After Mattel said it would have to raise prices because of Trump's tariffs, Trump threatened a 100% tax on products the toymaker imports and threatened that Mattel "won't sell one toy in the United States." Trump said he'd hit Harley-Davidson with a "big tax" if it went through with a plan to move some motorcycle production overseas. When Walmart said it would likely pass along the cost of Trump's tariffs to its own customers, Trump told Walmart it should "eat the tariffs" — pay the cost and accept lower profits — and warned, "I'll be watching." Read more: The latest news and updates on Trump's tariffs Trump's manhandling of corporate America is hitting the bottom line. General Motors (GM) said on July 22 that Trump's tariffs shaved $1.1 billion off its second quarter profits and will likely cost the company as much as $5 billion this year. The day before, Jeep maker Stellantis (STLA) said the Trump tariffs contributed to a $2.7 billion loss in the first half of 2025. The second quarter earnings season is just getting started, so that may just be a taste of the losses related to Trump's rewiring of global supply chains. There's another category of Trump strong-arming: revenge. Trump has punished a dozen or so prominent law firms for working with Democrats or contributing to lawsuits or prosecutions targeting Trump himself. Trump typically issues an order limiting those firms' ability to work with the federal government, and in some cases makes deals in which those firms agree to do pro bono work for Trump's pet causes. Trump becomes the de facto chair of the firm's pro bono there's Trump's anti-woke crusade targeting Harvard, Columbia, the University of Pennsylvania, the University of Virginia, and dozens of other universities for policies Trump considers too liberal. Trump has canceled billions of dollars' worth of federal grants to those schools, in some cases securing his desired policy changes as part of a settlement. Many companies have tried to preempt a Trump anti-woke crusade by rolling back diversity policies, including Google, (GOOG), Deloitte, Goldman Sachs (GS), Bank of America (BAC), JPMorgan Chase (JPM), Paramount (PARA), UnitedHealth (UNH), and IBM (IBM). Trump, in these instances, runs the HR department for a stint. Trump's micromanaging is a stark departure from the free-market capitalism the Republican Party has espoused for decades. University of Michigan economist Justin Wolfers likens Trump's interventionism to Soviet-style central planning. "There is not a single institution this guy doesn't want to call to tell them how to do their jobs," Wolfers said recently. There are at least three lessons for CEOs. One is to hide for as long as Trump is president and hope he never notices your company or any of its products. Trump seems to have targeted Coke for his new beverage formula because he's a famous fan of its products. He hasn't said anything about Pepsi using a similar formula. Pepsi probably hopes he never does, though CEO Ramon Laguarta is clearly hedging his bets. Another lesson is that it's OK to blame Trump's intervention for losing money, but not for raising prices. Trump hasn't publicly criticized any company for saying his tariffs have cost them money, as GM and Stellantis have done and many more are sure to do. Eating the cost of his policies causes Trump no heartburn. But if you publicly blame him for any pain that afflicts voters, he blows his stack and sometimes seeks revenge. Lose money loudly, raise prices quietly. A third lesson is to pal up with Trump — and watch your back. Nvidia (NVDA) CEO Jensen Huang has become Trump's new business BFF, accompanying him on a high-visibility Mideast trip in May and counseling him behind the scenes on technology and trade policy. Nvidia benefited earlier this month when Trump reversed a prior position and once again allowed the sale of advanced Nvidia chips to China. The company's stock popped more than 5% on the news. Other corporate titans have courted Trump — and then fallen out of favor. Apple (AAPL) CEO Tim Cook, once considered Trump's "tech whisperer," seems to have offended Trump by declining to join his Mideast trip in May. That's when Trump threatened a 25% tax specifically on imported iPhones. Trump's most spectacular business breakup has been with Tesla (TSLA) CEO Elon Musk, who contributed millions to Trump's 2024 presidential campaign and became head of the DOGE commission. But Musk grew disillusioned with some of Trump's policies, criticized them publicly, and broke ties with the Trump administration. Trump retaliated by threatening to deport Musk to his home country of South Africa and cancel contracts or subsidies involving Tesla and another Musk company, SpaceX. Crony capitalism only works if the cronyship lasts. Rick Newman is a senior columnist for Yahoo Finance. Follow him on Bluesky and X: @rickjnewman. Click here for political news related to business and money policies that will shape tomorrow's stock prices. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


The Hill
10 minutes ago
- The Hill
Golden Dome set to get another $13B as project leader takes helm
President Trump's Golden Dome missile defense project officially has a new team lead and gained potentially another $13 billion, setting the effort on a race to hit its ambitious three-year timeline. The office will be led by Vice Chief of Space Operations Space Force Gen. Michael Guetlein, unanimously confirmed by the Senate on Thursday as the first Golden Dome for America Direct Reporting Program Manager, according to a Pentagon statement released Tuesday. Guetlein, who Trump named as the Golden Dome lead in May, will be 'responsible for developing the Golden Dome portfolio of capabilities,' and report directly to Deputy Secretary of Defense Steve Feinberg. 'Golden Dome for America requires a whole-of-nation response to deter and, if necessary, to defeat attacks against the United States,' the Pentagon said in the release. 'We have the technological foundation, national talent, and decisive leadership to advance our nation's defenses. We are proud to stand behind Gen. Mike Guetlein as he takes the helm of this national imperative.' Intended to protect the skies over the continental United States, Golden Dome promises a network of space-based missiles launched from satellites to intercept missiles launched from the ground, an expensive, untested technology. The Trump administration has insisted the project is necessary to protect against ballistic, hypersonic, advanced cruise missiles, and other next-generation aerial attacks and will only cost $175 billion. To fund the effort, $24.4 billion was included for the project in the One Big, Beautiful Bill, signed by Trump on July 4. Then on July 17, the House voted to pass the Department of Defense Appropriations Act, which includes roughly $13 billion for advanced initiatives to support Golden Dome. But the purported price tag, also announced by Trump in May, is far below estimates from the Congressional Budget Office, which pegged the figure at more than $500 billion over 20 years to develop. Other estimates have placed the cost at $1 trillion. What's more, missile defense experts highly doubt a Golden Dome system as Tump has described can be created in under three years. Sen. Mark Kelly (D-Ariz.) last month called out 'the physics' of Golden Dome, pressing Defense Secretary Pete Hegseth to seek out viability analysis from scientists instead of defense and space firms. 'This idea, you know, might not be fully baked,' Kelly, an engineer by trade, told Hegseth during a Senate Armed Services Committee hearing on June 18. 'You've got to go back and take a look at this. . . . You could go down a road here and spend hundreds of billions of dollars of the taxpayers' money, get to the end, and we have a system that is not functional,' Kelly added. In its statement, the Pentagon said Golden Dome would establish partnerships with industry, academia, national labs and other government agencies to rapidly develop and field the system, with an architecture to be developed within the next 60 days.