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SSR Mining Inc. (SSRM) Review – Making Smarter Decisions

349 institutions hold shares in SSR Mining Inc. (SSRM), with 1.93M shares held by insiders accounting for 0.88% while institutional investors hold 62.91% of the company’s shares. The shares outstanding are 220.01M, and float is at 217.68M with Short Float at 3.38%. Institutions hold 62.35% of the Float.

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The top institutional shareholder in the company is Van Eck Associates Corporation with over 25.38 million shares valued at $510.29 million. The investor’s holdings represent 11.54% of the SSRM Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 8.49 million shares valued at $170.67 million to account for 3.86% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 6.36 million shares representing 2.89% and valued at over $127.89 million, while Ninety One UK Ltd holds 2.17% of the shares totaling 4.77 million with a market value of $96.01 million.

SSR Mining Inc. (NASDAQ: SSRM) is -24.47% lower on its value in year-to-date trading and has touched a low of $12.43 and a high of $25.32 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SSRM stock was last observed hovering at around $15.22 in the last trading session, with the day’s loss setting it -0.03% off its average median price target of $27.00 for the next 12 months. It is also 50.39% off the consensus price target high of $30.62 offered by 9 analysts, but current levels are 25.65% higher than the price target low of $20.43 for the same period.

Currently trading at $15.19, the stock is 2.27% and -3.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.04 million and changing -0.20% at the moment leaves the stock -19.87% off its SMA200. SSRM registered 17.66% gain for a year compared to 6-month loss of -19.54%. The firm has a 50-day simple moving average (SMA 50) of $14.90 and a 200-day simple moving average (SMA200) of $17.82.

The stock witnessed a 6.22% gain in the last 1 month and extending the period to 3 months gives it a -24.47%, and is 4.47% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.99% over the week and 3.49% over the month.

SSR Mining Inc. (SSRM) has around 1484 employees, a market worth around $3.13B and $853.10M in sales. Current P/E ratio is 23.44 and Fwd P/E is 6.85. Profit margin for the company is 15.60%. Distance from 52-week low is 22.20% and -40.01% from its 52-week high. The company has generated returns on investments over the last 12 months (4.10%).

SSR Mining Inc. (SSRM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for SSR Mining Inc. (SSRM) is a “Buy”. 9 analysts offering their recommendations for the stock have an average rating of 2.30, where 0 rate it as a Hold and 1 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

SSR Mining Inc. is expected to release its quarterly report on 08/12/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $100.34M over the same period.The EPS is expected to grow by 73.70% this year, but quarterly earnings will post -1.30% year-over-year. Quarterly sales are estimated to shrink -14.90% in year-over-year returns.

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SSR Mining Inc. (SSRM): Who are the competitors?

The company’s main competitors (and peers) include Alexco Resource Corp. (AXU) that is trading 110.40% up over the past 12 months and Hecla Mining Company (HL) that is 238.51% higher over the same period. Coeur Mining Inc. (CDE) is 204.79% up on the 1-year trading charts. Short interest in the company’s stock has risen 17.12% from the last report on Feb 11, 2021 to stand at a total of 6.1 million short shares sold with a short interest ratio of 3.31.

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