NASDAQ:SSRM

SSR Mining (SSRM) Stock Forecast, Price & News

$14.46

-0.43 (-2.89%)

(As of 09/21/2023 ET)

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Today's Range: $14.43
▼
$14.73
50-Day Range: $14.13
▼
$15.06
52-Week Range: $12.78
▼
$17.74

Volume: 1.10 million shs
Average Volume: 681,845 shs
Market Capitalization: $2.95 billion

P/E Ratio: 18.08
Dividend Yield: 1.94%
Price Target: $24.38

SSR Mining MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 68.6% Upside
$24.38 Price Target
Short Interest: Bearish
2.96% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -21.77%
From $1.24 to $0.97 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.67 out of 5 stars

Basic Materials Sector

39th out of 165 stocks

Miscellaneous Investing Industry

2nd out of 3 stocks

3.5

Analyst's Opinion

Consensus Rating
SSR Mining has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.38, SSR Mining has a forecasted upside of 68.6% from its current price of $14.46.
Amount of Analyst Coverage
SSR Mining has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.96% 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 5.3.
Change versus previous month
Short interest in SSR Mining has recently increased by 0.84%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
SSR Mining pays a meaningful dividend of 1.88%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
SSR Mining has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of SSR Mining is 35.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, SSR Mining will have a dividend payout ratio of 28.87% next year. This indicates that SSR Mining will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SSRM.

1.1

News and Social Media Coverage

Search Interest
8 people have searched for SSRM on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.
MarketBeat Follows
8 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.

1.7

Company Ownership

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 0.55% of the stock of SSR Mining is held by insiders.
Percentage Held by Institutions
61.39% of the stock of SSR Mining is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for SSR Mining are expected to decrease by -21.77% in the coming year, from $1.24 to $0.97 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SSR Mining is 18.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.96.
Price to Earnings Ratio vs. Sector
The P/E ratio of SSR Mining is 18.08, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 92.38.
Price to Earnings Growth Ratio
SSR Mining has a PEG Ratio of 0.81. 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 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About SSR Mining (NASDAQ:SSRM) Stock

SSR Mining Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, copper, lead, and zinc deposits. Its projects include the Çöpler Gold mine located in Erzincan province, Turkey; the Marigold mine located in Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations 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.

SSRM Price History

30 days | 90 days | 365 days | Advanced Chart

SSRM Stock News Headlines

August 25, 2023 | theglobeandmail.com

Closing Bell: Ssr Mining Inc down on Thursday (SSRM)

August 9, 2023 | finance.yahoo.com

SSR Mining (TSE:SSRM) shareholders have earned a 12% CAGR over the last five years

September 22, 2023 | Edge On The Street (Ad)

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August 3, 2023 | finance.yahoo.com

SSR Mining (SSRM) Q2 2023 Earnings Call Transcript

August 2, 2023 | seekingalpha.com

SSR Mining Inc. 2023 Q2 - Results - Earnings Call Presentation

August 1, 2023 | markets.businessinsider.com

SSR Mining earnings preview: what Wall Street is expecting

July 5, 2023 | seekingalpha.com

SSR Mining: Weak Free Cash Flow Is Weakening The Bottom Line

June 28, 2023 | finance.yahoo.com

SSR Mining Inc. (TSE:SSRM) is largely controlled by institutional shareholders who own 85% of the company

September 22, 2023 | Edge On The Street (Ad)

The Strategic Gold Play You Haven't Heard About

June 28, 2023 | seekingalpha.com

SSR Mining: Disciplined M&A Allows For Continued Reserve Per Share Growth

June 1, 2023 | finance.yahoo.com

Is SSR Mining Inc. (TSE:SSRM) Trading At A 50% Discount?

May 25, 2023 | finance.yahoo.com

SSR Mining Announces Voting Results From 2023 Annual Meeting of Shareholders

May 12, 2023 | seekingalpha.com

SSR Mining: Ignore The Weak Q1 Results

May 9, 2023 | markets.businessinsider.com

RBC Capital Sticks to Their Buy Rating for SSR Mining (SSRM)

May 8, 2023 | msn.com

SSR Mining buys up to 40% stake, operatorship in Turkey's Hod Maden project

May 8, 2023 | finance.yahoo.com

SSR Mining Announces The Acquisition Of An Up To 40% Ownership Interest And Operatorship In The Hod Maden Gold-Copper Project Through An Earn-In Structured Transaction

May 5, 2023 | msn.com

SSR Mining (SSRM) Declares $0.07 Dividend

May 5, 2023 | finance.yahoo.com

Why Gold Stocks Exploded This Week

May 5, 2023 | finance.yahoo.com

SSR Mining First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

May 4, 2023 | msn.com

Recap: SSR Mining Q1 Earnings

May 3, 2023 | msn.com

Preview: SSR Mining's Earnings

May 3, 2023 | theglobeandmail.com

Closing Bell: Ssr Mining Inc up on Tuesday (SSRM)

April 25, 2023 | markets.businessinsider.com

SSR Mining (SSRM) Gets a Buy from RBC Capital

April 19, 2023 | theglobeandmail.com

Closing Bell: Ssr Mining Inc down on Tuesday (SSRM)

April 11, 2023 | finance.yahoo.com

SSR Mining to Announce First Quarter 2023 Consolidated Financial Results on May 4, 2023

April 11, 2023 | seekingalpha.com

SSR Mining: A Quick Comparison With Other Stocks In Precious Metals Sector

April 7, 2023 | theglobeandmail.com

Closing Bell: Ssr Mining Inc up on Thursday (SSRM)

See More Headlines

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SSRM Company Calendar

Last Earnings: 8/02/2023
Ex-Dividend for 9/11 Dividend: 8/11/2023
Dividend Payable: 9/11/2023
Today: 9/21/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Miscellaneous investing
Sub-Industry: N/A
Sector: Basic Materials
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 Forecast: $24.38
High Stock Price Forecast: $38.50
Low Stock Price Forecast: $19.00
Forecasted Upside/Downside: +68.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.80
Trailing P/E Ratio: 18.08
Forward P/E Ratio: 11.66
P/E Growth: 0.8
Net Income: $194.14 million
Net Margins: 15.87%
Pretax Margin: 13.35%
Return on Equity: 2.57%
Return on Assets: 2.04%

Debt

Debt-to-Equity Ratio: 0.07
Current Ratio: 5.67
Quick Ratio: 2.92

Sales & Book Value

Annual Sales: $1.15 billion
Price / Sales: 2.57
Cash Flow: $1.54 per share
Price / Cash Flow: 9.38
Book Value: $19.97 per share
Price / Book: 0.72

Miscellaneous

Outstanding Shares: 203,880,000
Free Float: 202,750,000
Market Cap: $2.95 billion
Optionable: Optionable
Beta: 0.89

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Key Executives

Mr. Rodney P. Antal Accountancy (Age 56)
B.Bus, C.P.A., CPA, Pres, CEO & Exec. Chairman
Comp: $1.61M

Ms. Alison White (Age 55)
Exec. VP & CFO
Comp: $800.61k

Mr. Michael J. Sparks B.Sc. (Age 41)
J.D., Exec. VP, Chief Legal and Admin. Officer & Sec.
Comp: $763.65k

Mr. F. Edward Farid B.Com (Age 38)
Finance, Exec. VP & Chief Corp. Devel. Officer
Comp: $791.53k

Mr. William MacNevin
Exec. VP of Operations & Sustainability

Mr. Russell Farnsworth
VP of Accounting & Controller

Alex Hunchak
Director of Corp. Devel. & Investor Relations

Ms. Susan Gehoski
VP of HR

Dr. Cengiz Y. Demirci
VP of Exploration

Mr. John Ebbett
Exec. VP of Growth & Innovation

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SSRM Stock - Frequently Asked Questions

Should I buy or sell SSR Mining stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SSR Mining in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SSRM shares.
View SSRM analyst ratings or view top-rated stocks.
What is SSR Mining's stock price forecast for 2023?: 3 brokers have issued 1 year price targets for SSR Mining's shares. Their SSRM share price forecasts range from $19.00 to $38.50. On average, they expect the company's stock price to reach $24.38 in the next twelve months. This suggests a possible upside of 68.6% from the stock's current price.
View analysts price targets for SSRM or view top-rated stocks among Wall Street analysts.
How have SSRM shares performed in 2023?: SSR Mining's stock was trading at $15.67 at the beginning of the year. Since then, SSRM shares have decreased by 7.7% and is now trading at $14.46.
View the best growth stocks for 2023 here.
When is SSR Mining's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our SSRM earnings forecast.
How were SSR Mining's earnings last quarter?: SSR Mining Inc. (NASDAQ:SSRM) issued its quarterly earnings results on Wednesday, August, 2nd. The basic materials company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.20. The basic materials company had revenue of $301.03 million for the quarter, compared to analyst estimates of $288 million. SSR Mining had a net margin of 15.87% and a trailing twelve-month return on equity of 2.57%.
How often does SSR Mining pay dividends? What is the dividend yield for SSR Mining?: SSR Mining announced a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Monday, August 14th will be paid a dividend of $0.07 per share on Monday, September 11th. This represents a $0.28 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, August 11th.
Read our dividend analysis for SSRM.
What ETFs hold SSR Mining's stock?: ETFs with the largest weight of SSR Mining (NASDAQ:SSRM) stock in their portfolio include ETFMG Prime Junior Silver Miners ETF (SILJ), Global X Silver Miners ETF (SIL), Global X Gold Explorers ETF (GOEX), Sprott Gold Miners ETF (SGDM), First Trust Materials AlphaDEX Fund (FXZ), Global X MSCI Argentina ETF (ARGT), VanEck Junior Gold Miners ETF (GDXJ) and iShares MSCI Global Gold Miners ETF (RING).
Is SSR Mining a good dividend stock?: SSR Mining (NASDAQ:SSRM) pays an annual dividend of $0.28 per share and currently has a dividend yield of 1.88%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSRM will have a dividend payout ratio of 28.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SSRM.

What other stocks do shareholders of SSR Mining own?: Based on aggregate information from My MarketBeat watchlists, some companies that other SSR Mining investors own include First Majestic Silver (AG), Advanced Micro Devices (AMD), Micron Technology (MU), Wheaton Precious Metals (WPM), Coeur Mining (CDE), Agnico Eagle Mines (AEM), Barrick Gold (GOLD), Intel (INTC) and Newmont (NEM).
What is SSR Mining's stock symbol?: SSR Mining trades on the NASDAQ under the ticker symbol "SSRM."
Who are SSR Mining's major shareholders?: SSR Mining's stock is owned by many different institutional and retail investors. Top institutional investors include Van ECK Associates Corp (10.30%), BlackRock Inc. (10.20%), Mackenzie Financial Corp (2.33%), Mirae Asset Global Investments Co. Ltd. (1.73%), Franklin Resources Inc. (1.66%) and Dimensional Fund Advisors LP (1.65%). Insiders that own company stock include Alison Lynn White, Arthur Michael Anglin, John Ebbett, Michael John Sparks, Rodney Antal, Russell Farnsworth and Steward John Beckman.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is SSR Mining's stock price today?: One share of SSRM stock can currently be purchased for approximately $14.46.
How much money does SSR Mining make?: SSR Mining (NASDAQ:SSRM) has a market capitalization of $2.95 billion and generates $1.15 billion in revenue each year. The basic materials company earns $194.14 million in net income (profit) each year or $0.80 on an earnings per share basis.
How many employees does SSR Mining have?: The company employs 2,500 workers across the globe.
How can I contact SSR Mining?: SSR Mining's mailing address is 1055 DUNSMUIR STREET SUITE 800 P.O. BOX 49088, VANCOUVER A1, V7X 1G4. The official website for the company is www.ssrmining.com. The basic materials company can be reached via phone at (303) 292-1299, via email at invest@ssrmining.com, or via fax at 604-689-3847.

This page (NASDAQ:SSRM) was last updated on 9/22/2023 by MarketBeat.com Staff

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