SSR Mining Inc (NASDAQ: SSRM) is 2.73% higher on its value in year-to-date trading and has touched a low of $3.76 and a high of $10.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SSRM stock was last observed hovering at around $7.12 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $7.15, the stock is -0.17% and 11.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.62 million and changing 0.42% at the moment leaves the stock 29.64% off its SMA200. SSRM registered -32.29% loss for a year compared to 6-month gain of 52.45%. The firm has a 50-day simple moving average (SMA 50) of $6.3774 and a 200-day simple moving average (SMA200) of $5.50035.
The stock witnessed a 18.77% loss in the last 1 month and extending the period to 3 months gives it a 24.78%, and is 1.27% 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 3.16% over the week and 4.74% over the month.
SSR Mining Inc (SSRM) has around 5400 employees, a market worth around $1.45B and $1.10B in sales. Fwd P/E is 7.48. Profit margin for the company is -44.13%. Distance from 52-week low is 90.16% and -32.93% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.15%).
The EPS is expected to shrink by -70.42% this year.
SSR Mining Inc (SSRM) Top Institutional Holders
354.0 institutions hold shares in SSR Mining Inc (SSRM), with institutional investors hold 74.92% of the company’s shares. The shares outstanding are 202.11M, and float is at 200.20M with Short Float at 3.55%. Institutions hold 74.23% of the Float.
The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 18.73 million shares valued at $84.47 million. The investor’s holdings represent 9.2557% of the SSRM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.93 million shares valued at $$49.28 million to account for 5.3999 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 9.67 million shares representing 4.7804% and valued at over $43.63 million, while D. E. SHAW & CO., INC. holds 4.0664 of the shares totaling 8.23 million with a market value of $37.12 million.
SSR Mining Inc (SSRM) Insider Activity
The most recent transaction is an insider sale by MacNevin William K.,the company’sEVP, Ops & Sustainability. SEC filings show that MacNevin William K. sold 6,722 shares of the company’s common stock on Jan 03 ’25 at a price of $7.16 per share for a total of $48130.0. Following the sale, the insider now owns 0.27 million shares.
SSR Mining Inc disclosed in a document filed with the SEC on Mar 07 ’24 that Ebbett John (EVP, Growth and Innovation) sold a total of 2,076 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $4.52 per share for $9384.0. Following the transaction, the insider now directly holds 30205.0 shares of the SSRM stock.
