Is SSR Mining Inc. (SSRM) Stock Cheap Or Risky?

As of Wednesday close, SSR Mining Inc.’s (NASDAQ:SSRM) stock was down -$0.05, moving down -0.26 percent to $18.89. The average number of shares traded per day over the past five days has been 2,769,520 shares. 3 times new highs have been achieved over the past 5 days, with a $0.46 gain in that time frame. In the last twenty days, the average volume was 1,912,060, while in the previous 50 days, it was 2,099,284.

Since last month, SSRM stock retreated -7.36%. Shares of the company fell to $17.88 on 06/15/22, the lowest level in the past month. A 52-week high of $24.58 was reached on 04/18/22 after having rallying from a 52-week low of $14.19. Since the beginning of this year, SSRM’s stock price has risen by 6.72% or $1.19, and marked a new high 20 times. However, the stock has declined by -23.15% since its 52-week high.

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SSR Mining Inc. (SSRM) last reported insider trading activity 2 days ago on Jun 21. Beckman Steward John, the Chief Operating Officer of the company, disposed of 5,400 shares for $19.09 on Jun 21. It resulted in a $103,086 divestment by the insider. Sparks Michael John sold 4,470 shares at an average price of $20.00 on Jun 10. The insider now owns 129,735 shares following the transaction. On Jun 10, Chief Corp Development Officer Farid Fady Adel Edward sold 3,488 shares at $19.76 apiece. The transaction was valued at $68,923.

Valuation Metrics

Right now, SSR Mining Inc. (SSRM) has a P/E ratio of about 13.07. The stock’s beta is 0.87. Besides these, the trailing price-to-sales (P/S) ratio of 2.73, the price-to-book (PB) ratio of 1.12, and the price-to-cash flow ratio of 10.84 may also be considered.

The latest dividend of $0.07 per share was paid out, remained unchanged from last year’s $0.07. On Tuesday February 22 2022, a $0.02 dividend increase was announced.

Financial Health

In the three months ended March 30, SSR Mining Inc.’s quick ratio stood at 4.50, while its current ratio was 6.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.11, and the total debt-to-equity ratio was 0.13. On the profitability front, the trailing twelve-month gross margin is 54.70% percent. In the year ended March 30, operating margins totaled 29.50%. Based on annual data, SSRM earned $802.83 million in gross profit and brought in $1.47 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.40%. Return on equity (ROE) for the past 12 months was 9.30%.

In SSR Mining Inc.’s quarter-end financial report for March 30, it reported total debt of $278.26 million against cash and short-term investments of $34.24 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SSRM’s revenue rose 100.0% to $1.47 billion during the quarter, while net income inched up to $355.45 million. While analysts expected SSR Mining Inc. to report $0.29 quarterly earnings, the actual figure was $0.31 per share, beating the consensus estimate by 6.90%. During the quarter, the company generated $174.84 million in EBITDA. The liabilities of SSR Mining Inc. were 1.13 billion at the end of its most recent quarter ended March 30, and its total debt was $460.09 million. The value of shareholders’ equity is $212.63 million.

Technical Picture

This quick technical analysis looks at SSR Mining Inc.’s (SSRM) price momentum. With a historical volatility rate of 56.09%, the RSI 9-day stood at 41.40% on 22 June.

With respect to its five-day moving average, the current SSR Mining Inc. price is up by +2.50% percent or $0.46. At present, SSRM shares trade -7.08% below its 20-day simple moving average and +16.68% percent above its 100-day simple moving average. However, the stock is currently trading approximately -17.19% below its SMA50 and +12.24% above its SMA200.

Stochastic coefficient K was 28.80% and Stochastic coefficient D was 28.43%, while ATR was 0.91. Given the Stochastic reading of 28.16% for the 14-day period, the RSI (14) reading has been calculated as 42.44%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at -0.70.

Analyst Ratings

UBS launched its rating on SSR Mining Inc. (NASDAQ: SSRM) to a Buy in a note to investors on June 01, 2022. SSR Mining Inc. (SSRM) has been rated Buy by analysts. According to 0 brokerage firms, SSRM is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate SSR Mining Inc. stock as buy, with 9 recommending it as overweight.

With a median target price of $27.23, the current consensus forecast for the stock is $22.00 – $32.00. Based on these forecasts, analysts predict SSR Mining Inc. (SSRM) will achieve an average price target of $27.30.


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