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Is SSR Mining Inc (SSRM) a good stock to buy now?

SSR Mining Inc (NASDAQ: SSRM) is -51.77% lower on its value in year-to-date trading and has touched a low of $3.76 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 $5.34 in the last trading session, with the day’s loss setting it -0.15%.

Currently trading at $5.19, the stock is 15.72% and -3.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.55 million and changing -2.81% at the moment leaves the stock -52.89% off its SMA200. SSRM registered -67.03% loss for a year compared to 6-month loss of -60.83%.

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The stock witnessed a 24.16% gain in the last 1 month and extending the period to 3 months gives it a -49.42%, and is 6.79% 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 7.21% over the week and 5.06% over the month.

SSR Mining Inc (SSRM) has around 5400 employees, a market worth around $1.05B and $1.43B in sales. Fwd P/E is 17.93. Profit margin for the company is -6.87%. Distance from 52-week low is 38.03% and -70.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.66%).

The EPS is expected to shrink by -84.94% this year.

SSR Mining Inc (SSRM) Top Institutional Holders

The shares outstanding are 202.95M, and float is at 200.07M with Short Float at 2.00%.

SSR Mining Inc (SSRM) Insider Activity

The most recent transaction is an insider sale by Ebbett John,the company’sEVP, Growth and Innovation. SEC filings show that Ebbett John sold 2,076 shares of the company’s common stock on Mar 07 ’24 at a price of $4.52 per share for a total of $9384.0. Following the sale, the insider now owns 30205.0 shares.

SSR Mining Inc disclosed in a document filed with the SEC on May 12 ’23 that Anglin Arthur Michael (Director) bought a total of 8,000 shares of the company’s common stock. The trade occurred on May 12 ’23 and was made at $16.23 per share for $0.13 million. Following the transaction, the insider now directly holds 52306.0 shares of the SSRM stock.

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