2 times Within The Past Five Days, SSR Mining Inc. (SSRM) Hit A New High


SSR Mining Inc. (NASDAQ:SSRM) finished Friday with a subtraction of -$0.05 to close at $15.67, a downside of -0.32 percent. An average of 846,340 shares of common stock have been traded in the last five days. There was a fall of -$0.14 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 1,404,625 shares traded, while the 50-day average volume stands at 1,424,590.

SSRM stock has increased by 3.36% in the last month. The company shares reached their 1-month lowest point of $14.62 on 12/16/22. With the stock rallying to its 52-week high on 04/18/22, shares of the company touched a low of $12.84 and a high of $24.58 in 52 weeks. It has reached a new high 20 times so far this year and lost -11.47% or -$2.03 in price. In spite of this, the price is down -36.25% from the 52-week high.

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Insider Transactions

SSRM stock investors should be aware that SSR Mining Inc. (SSRM) stock had its last reported insider trading activity 51 days ago on Nov 10. In this transaction, the insider spent $78,300. Chief Operating Officer, Beckman Steward John, disposed of 5,400 shares at a price of $14.16 on Oct 10. The insider now owns more than $76,464 worth of shares. Prior to that, EVP, Growth and Innovation Ebbett John went on to Sale 1,049 shares at $14.93 each on Oct 03. An amount of $15,662 was transacted.

Valuation Metrics

SSR Mining Inc. (SSRM) has a trailing price-to-earnings (P/E) ratio of 15.59. The stock’s beta is 0.80. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.57, the price-to-book (PB) ratio at 0.93, and the price-to-cash flow ratio at 157.31.

The company has a payout ratio of 24.30%. The company’s most recent quarterly dividend payment was $0.07 a share, without any change from last year. Its latest increase dividend $0.02 reported on Tuesday February 22 2022.

Financial Health

The quick ratio of SSR Mining Inc. for the three months ended September 29 was 3.90, and the current ratio was 5.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.09 and a total debt to equity ratio of 0.12 for the quarter ending September 29. Its gross profit as reported stood at $802.83 million compared to revenue of $1.47 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, SSR Mining Inc.’s return on assets was 4.40%.

Earnings Surprise

For the three-month period that ended September 29, SSR Mining Inc. had $53.83 million in cash and short-term investments compared to $226.26 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$25.79 million in the quarter, while revenues of $58.49 million were grew 322.26%. The analyst consensus anticipated SSR Mining Inc.’s latest quarter earnings to come in at $0.05 per share, but it turned out to be -$0.12, a -340.00% surprise. For the quarter, EBITDA amounted to -$13.89 million. Shareholders own equity worth $206.61 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at SSR Mining Inc. (SSRM) price momentum. RSI 9-day as of the close on 30 December was 53.06%, suggesting the stock is Neutral, with historical volatility in this time frame at 38.40%.

As of today, SSRM’s price is $15.88 -0.89% or -$0.14 from its 5-day moving average. SSRM is currently trading -1.01% lower than its 20-day SMA and -1.63% lower than its 100-day SMA. However, the stock’s current price level is +18.00% above the SMA50 and -23.93% below the SMA200.

The stochastic %K and %D were 57.89% and 68.58%, respectively, and the average true range (ATR) was 0.51. With the 14-day stochastic at 56.45% and the average true range at 0.53, the RSI (14) stands at 54.36%. The stock has reached -0.03 on the 9-day MACD Oscillator while the 14-day reading was at 0.16.

Analyst Ratings

UBS launched coverage on SSR Mining Inc. (NASDAQ: SSRM) in its analyst report released on June 01, 2022. The firm assigned the stock a Buy rating. The consensus rating for SSR Mining Inc. (SSRM) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SSRM, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.

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

Analysts predict a range of price targets between $17.14 and $24.86, with a median target of $21.00. Taking a look at these predictions, the average price target given by analysts for SSR Mining Inc. (SSRM) stock is $20.74.


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