SSR Mining Inc (SSRM) Looks Ready for Growth Despite -11.25% Change This Year

SSR Mining Inc (NASDAQ: SSRM) is -11.25% lower on its value in year-to-date trading and has touched a low of $9.25 and a high of $17.72 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 $9.41 in the last trading session, with the day’s gains setting it 0.14%.

Currently trading at $9.55, the stock is -1.55% and -8.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.24 million and changing 1.49% at the moment leaves the stock -27.97% off its SMA200. SSRM registered -40.42% loss for a year compared to 6-month loss of -35.17%. The firm has a 50-day simple moving average (SMA 50) of $1.39 and a 200-day simple moving average (SMA200) of $3.90.

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The stock witnessed a -7.19% gain in the last 1 month and extending the period to 3 months gives it a -20.15%, and is 0.10% 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 2.64% over the week and 2.59% over the month.

SSR Mining Inc (SSRM) has around Nov 10 2023 employees, a market worth around $1.95B and $1.31B in sales. Current P/E ratio is 9.43 and Fwd P/E is 14.84. Profit margin for the company is 16.35%. Distance from 52-week low is 3.24% and -46.09% from its 52-week high. The company has generated returns on investments over the last 12 months (5.42%).

SSR Mining Inc quarterly earnings per share for the current quarter are estimated at $0.32 with sales reaching $434.6M over the same period.The EPS is expected to grow by 51.82% this year, but quarterly earnings will post 22.40% year-over-year. Quarterly sales are estimated to grow 41.90% in year-over-year returns.

SSR Mining Inc (SSRM) Top Institutional Holders

373 institutions hold shares in SSR Mining Inc (SSRM), with institutional investors hold 72.82% of the company’s shares. The shares outstanding are 206.65M, and float is at 202.35M with Short Float at 2.21%. Institutions hold 72.39% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 21.0 million shares valued at $297.74 million. The investor’s holdings represent 10.30% of the SSRM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 20.8 million shares valued at $294.92 million to account for 10.20% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 7.61 million shares representing 3.73% and valued at over $107.85 million, while Mackenzie Financial Corporation holds 2.32% of the shares totaling 4.74 million with a market value of $67.22 million.

SSR Mining Inc (SSRM) Insider Activity

A total of 8 insider transactions have happened at SSR Mining Inc (SSRM) in the last six months, with sales accounting for 1 and purchases happening 7 times. The most recent transaction is an insider purchase by Anglin Arthur Michael ,the company’sDirector. SEC filings show that Anglin Arthur Michael bought 8,000 shares of the company’s common stock on May 12 at a price of $16.23 per share for a total of $0.13 million. Following the purchase, the insider now owns 52306.0 shares.

SSR Mining Inc disclosed in a document filed with the SEC on Mar 08 that Farid Fady Adel Edward (Chief Corp Development Officer) sold a total of 2,955 shares of the company’s common stock. The trade occurred on Mar 08 and was made at $13.31 per share for $39331.0. Following the transaction, the insider now directly holds 0.12 million shares of the SSRM stock.

Still, SEC filings show that on Mar 08, White Alison Lynn (Chief Financial Officer) disposed off 2,439 shares at an average price of $13.31 for $32463.0. The insider now directly holds 66,077 shares of SSR Mining Inc (SSRM).

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

The company’s main competitors (and peers) include Hecla Mining Co. (HL) that is trading -36.14% down over the past 12 months. Coeur Mining Inc. (CDE) that is -19.40% lower over the same period.