SSR Mining (SSRM) Stock Price, News & Analysis

Company Overview

SSR Mining Inc., together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina. The company was formerly known as Silver Standard Resources Inc. and changed its name to SSR Mining Inc. in August 2017. SSR Mining Inc. was incorporated in 1946 and is based in Denver, Colorado.

Key Stats

• Today's Range: $5.67 to $5.78
• 50-Day Range: $5.28 to $6.53
• 52-Week Range: $3.76 to $12.04
• Volume: 1.18 million shs
• Average Volume: 3.47 million shs
• Market Capitalization: $1.16 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.18
• Consensus Rating: Hold

SSR Mining Stock Analysis - MarketRank™

SSR Mining scored higher than 64% of companies evaluated by MarketBeat, and ranked 114th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

SSR Mining has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 4 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

SSR Mining has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 33.33%

Earnings Growth

Earnings for SSR Mining are expected to grow by 33.33% in the coming year, from $0.36 to $0.48 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SSR Mining is -2.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of SSR Mining is -2.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

SSR Mining has a PEG Ratio of 0.86. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

SSR Mining has a P/B Ratio of 0.27. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.84% of the float of SSR Mining has been sold short.

Short Interest Ratio / Days to Cover

SSR Mining has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SSR Mining has recently decreased by 7.91%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

SSR Mining does not currently pay a dividend.

Dividend Growth

SSR Mining does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, SSR Mining will have a dividend payout ratio of 29.17% next year. This indicates that SSR Mining will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.84% of the float of SSR Mining has been sold short.

Short Interest Ratio / Days to Cover

SSR Mining has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SSR Mining has recently decreased by 7.91%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.29

News Sentiment

SSR Mining has a news sentiment score of 0.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for SSR Mining this week, compared to 6 articles on an average week.

Search Interest

Only 4 people have searched for SSRM on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

MarketBeat Follows

4 people have added SSR Mining to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, SSR Mining insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.54% of the stock of SSR Mining is held by insiders.

Percentage Held by Institutions

68.30% of the stock of SSR Mining is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SSRM Stock Analysis - Frequently Asked Questions

How have SSRM shares performed this year?

SSR Mining's stock was trading at $10.76 at the start of the year. Since then, SSRM stock has decreased by 46.7% and is now trading at $5.73.
View the best growth stocks for 2024 here.

How were SSR Mining's earnings last quarter?

SSR Mining Inc. (NASDAQ:SSRM) issued its quarterly earnings data on Tuesday, February, 27th. The basic materials company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.23. The basic materials company earned $425.90 million during the quarter. SSR Mining had a negative net margin of 44.13% and a positive trailing twelve-month return on equity of 4.05%.

Who are SSR Mining's major shareholders?

Top institutional investors of SSR Mining include Van ECK Associates Corp (9.25%), State Street Corp (1.68%), Two Sigma Advisers LP (1.64%) and National Bank of Canada FI (1.35%). Insiders that own company stock include Rodney Antal, Michael John Sparks, Steward John Beckman, Alison Lynn White, Arthur Michael Anglin, John Ebbett and Russell Farnsworth.
View institutional ownership trends.

How do I buy shares of SSR Mining?

Shares of SSRM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of SSR Mining own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SSR Mining investors own include Meta Platforms (META), NVIDIA (NVDA), First Majestic Silver (AG), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD) and Intel (INTC).

Company Calendar

• Last Earnings: 2/27/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Basic Materials
• Industry: Miscellaneous investing
• Sub-Industry: Trading
• Current Symbol: NASDAQ:SSRM
• CUSIP: N/A
• CIK: 921638
• Web: www.ssrmining.com
• Phone: (303) 292-1299
• Fax: 604-689-3847
• Employees: 2,500
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.18
• High Stock Price Target: $6.80
• Low Stock Price Target: $3.00
• Potential Upside/Downside: -9.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($2.39)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 15.92
• P/E Growth: 0.86
• Net Income: $-98,010,000.00
• Net Margins: -44.13%
• Pretax Margin: -62.98%
• Return on Equity: 4.05%
• Return on Assets: 3.12%

Debt

• Debt-to-Equity Ratio: 0.08
• Current Ratio: 3.91
• Quick Ratio: 1.97

Sales & Book Value

• Annual Sales: $1.10 billion
• Price / Sales: 1.06
• Cash Flow: $2.51 per share
• Price / Cash Flow: 2.28
• Book Value: $21.21 per share
• Price / Book: 0.27

Miscellaneous

• Outstanding Shares: 202,370,000
• Free Float: 201,277,000
• Market Cap: $1.16 billion
• Optionable: Optionable
• Beta: 0.72