SSR Mining Inc. (SSRM) Shares: Cheap or Risky?

SSR Mining Inc. (NASDAQ:SSRM) saw an upside of 3.79% to $15.87 after adding $0.58 on Wednesday. The 5-day average trading volume is 738,110 shares of the company’s common stock. It has gained $15.84 in the past week. An average of 1,072,293 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,155,045.

SSRM’s 1-month performance is -3.78% or -$0.05 on its low of $14.19 reached on 09/29/21. The company’s shares have touched a 52-week low of $13.68 and high of $21.80, with the stock’s rally to the 52-week high happening on 01/05/21. YTD, SSRM has lost -23.97% or -$4.27. However, the current price is down -27.20%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 292.20 and a low of 10.89. SSRM stock has a beta of 1.06. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.45 while the price-to-book (PB) in the most recent quarter is 0.97, with the price to cash flow ratio at 9.82.

SSR Mining Inc. pays an annual dividend of $0.20 per share. Its dividend yield is 1.26% and the payout ratio is 9.20%. SSRM’s most recent quarterly dividend payment was made on Sep. 13, when it paid $0.05 a share compared with prior rate of $0.05, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive year.

It is projected that SSR Mining Inc.’s next ex-dividend date will be on 17-Nov. SSRM is expected to distribute $0.05 as its next dividend.

SSR Mining Inc.’s quick ratio for the period ended June 29 was 4.50, with the current ratio over the same period at 6.30 meaning that SSRM stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.12, while the total debt to equity was 0.14. In terms of profitability, the gross margin trailing 12 months is 39.70%. The trailing 12-month EBITDA margin is 44.49% while for the period ending June 29; SSR Mining Inc.’s operating margin was 30.40%. The firm’s gross profit as reported stood at $434.44 million against revenue of $853.09 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SSRM to announce $0.36 per share in earnings in its latest quarter, but it posted $0.46, representing a 27.80% surprise. EBITDA for the quarter stood at more than $169.87 million. SSRM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.3 billion, with total debt at $475.08 million

Technical Picture

Let’s look briefly at SSR Mining Inc. (SSRM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 68.01% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.35%.

The stock’s 5-day moving average is $15.26, reflecting a +4.69% or $0.71 change from its current price. SSRM is currently trading -0.81% above its 20-day SMA, -14.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -3.59% and -18.56% respectively.

Stochastic %K and %D was 78.26% and 69.12% and the average true range (ATR) pointed at 0.48. The RSI (14) points at 59.24%, while the 14-day stochastic is at 100.00% with the period’s ATR at 0.49. The stock’s 9-day MACD Oscillator is pointing at 0.31 and 0.50 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for SSRM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SSRM as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.

What is SSRM’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $19.94 and a high of $30.89, with their median price target at $25.32. Looking at these predictions, the average price target given by analysts is for SSR Mining Inc. (SSRM) stock is $25.14.


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