At the last check on Thursday, SSR Mining Inc.’s (NASDAQ:SSRM) stock was down -$0.32, moving down -2.12 percent to $14.57. The average number of shares traded per day over the past five days has been 844,659 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.27 fall in that time frame. In the last twenty days, the average volume was 702,415, while in the previous 50 days, it was 938,562.
Since last month, SSRM stock rose 1.71%. Shares of the company fell to $14.04 on 08/22/23, the lowest level in the past month. A 52-week high of $17.74 was reached on 01/26/23 after having rallying from a 52-week low of $12.78. Since the beginning of this year, SSRM’s stock price has dropped by -6.99% or -$1.07, and marked a new high 7 times. However, the stock has declined by -17.84% since its 52-week high.
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SSRM stock investors should be aware that SSR Mining Inc. (SSRM) stock had its last reported insider trading activity 132 days ago on May 12. Anglin Arthur Michael, the Director of the company, purchased of 8,000 shares for $16.23 on May 12. It resulted in a $129,840 investment by the insider. Farid Fady Adel Edward sold 2,955 shares at an average price of $13.31 on Mar 08. The insider now owns 115,466 shares following the transaction. On Mar 08, Chief Financial Officer White Alison Lynn sold 2,439 shares at $13.31 apiece. The transaction was valued at $32,463.
Valuation Metrics
Right now, SSR Mining Inc. (SSRM) has a P/E ratio of about 17.82. The stock’s beta is 0.89. Besides these, the trailing price-to-sales (P/S) ratio of 2.70, the price-to-book (PB) ratio of 0.83.
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 June 29, SSR Mining Inc.’s quick ratio stood at 2.90, while its current ratio was 5.70, 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 June 29 was 0.09, and the total debt-to-equity ratio was 0.10. On the profitability front, the trailing twelve-month gross margin is 39.40% percent. In the year ended June 29, EBITDA margin amounted to 32.56%, whereas operating margins totaled 16.20%. Based on annual data, SSRM earned $540.09 million in gross profit and brought in $1.15 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 6.10%. Return on equity (ROE) for the past 12 months was 4.80%.
In SSR Mining Inc.’s quarter-end financial report for June 29, it reported total debt of $227.0 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 fell -6.16% to $314.61 million during the quarter, while net income inched up to $301.03 million. While analysts expected SSR Mining Inc. to report $0.11 quarterly earnings, the actual figure was $0.35 per share, beating the consensus estimate by 218.20%. During the quarter, the company generated $97.83 million in EBITDA. The liabilities of SSR Mining Inc. were 1.13 billion at the end of its most recent quarter ended June 29, and its total debt was $369.18 million. The value of shareholders’ equity is $203.87 million.
Technical Picture
This quick technical analysis looks at SSR Mining Inc.’s (SSRM) price momentum. With a historical volatility rate of 18.51%, the RSI 9-day stood at 43.36% on 20 September.
With respect to its five-day moving average, the current SSR Mining Inc. price is down by -1.85% percent or -$0.27. At present, SSRM shares trade -2.18% below its 20-day simple moving average and +1.92% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.65% below its SMA50 and -7.92% below its SMA200.
Stochastic coefficient K was 49.54% and Stochastic coefficient D was 61.29%, while ATR was 0.33. Given the Stochastic reading of 29.87% for the 14-day period, the RSI (14) reading has been calculated as 47.19%. As of today, the MACD Oscillator reading stands at -0.07, while the 14-day reading stands at 0.06.
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 8 recommending it as overweight.
With a median target price of $21.81, the current consensus forecast for the stock is $17.61 – $27.73. Based on these forecasts, analysts predict SSR Mining Inc. (SSRM) will achieve an average price target of $21.95.
