Is SSR Mining Stock a Good Investment?
SSR Mining Investment Advice | SSRM |
- Examine SSR Mining's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research SSR Mining's leadership team and their track record. Good management can help SSR Mining navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Metals & Mining space and any emerging trends that could impact SSR Mining's business and its evolving consumer preferences.
- Compare SSR Mining's performance and market position to its competitors. Analyze how SSR Mining is positioned in terms of product offerings, innovation, and market share.
- Check if SSR Mining pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about SSR Mining's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in SSR Mining stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if SSR Mining is a good investment.
Sell | Buy |
Sell
Market Performance | Modest | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | About Average | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine SSR Mining Stock
Researching SSR Mining's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 75.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.39. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. SSR Mining recorded a loss per share of 2.38. The entity last dividend was issued on the 10th of November 2023.
To determine if SSR Mining is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding SSR Mining's research are outlined below:
| SSR Mining had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 1.43 B. Net Loss for the year was (120.22 M) with profit before overhead, payroll, taxes, and interest of 498.29 M. | |
| About 75.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Disposition of 6868 shares by Joanne Thomopoulos of SSR Mining subject to Rule 16b-3 |
SSR Mining Quarterly Cash And Short Term Investments |
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SSR Mining uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in SSR Mining. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to SSR Mining's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 21st of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 21st of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact SSR Mining's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises SSR Mining's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-07-31 | 2024-06-30 | 0.03 | 0.04 | 0.01 | 33 | ||
2009-05-14 | 2009-03-31 | -0.05 | -0.04 | 0.01 | 20 | ||
2007-03-05 | 2006-12-31 | -0.03 | -0.02 | 0.01 | 33 | ||
2017-08-10 | 2017-06-30 | 0.09 | 0.11 | 0.02 | 22 | ||
2010-03-05 | 2009-12-31 | -0.11 | -0.13 | -0.02 | 18 | ||
2007-08-10 | 2007-06-30 | -0.06 | -0.08 | -0.02 | 33 | ||
2006-11-08 | 2006-09-30 | -0.03 | -0.01 | 0.02 | 66 | ||
2006-08-14 | 2006-06-30 | -0.02 | -0.04 | -0.02 | 100 |
Know SSR Mining's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as SSR Mining is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading SSR Mining backward and forwards among themselves. SSR Mining's institutional investor refers to the entity that pools money to purchase SSR Mining's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Millennium Management Llc | 2024-06-30 | 2.9 M | Tidal Investments Llc. | 2024-09-30 | 2.8 M | Geode Capital Management, Llc | 2024-09-30 | 2.6 M | Federated Hermes Inc | 2024-09-30 | 2.4 M | Qube Research & Technologies | 2024-06-30 | 2 M | Amundi | 2024-06-30 | 2 M | Goldman Sachs Group Inc | 2024-06-30 | 2 M | Fmr Inc | 2024-09-30 | 1.9 M | Cibc World Markets Inc. | 2024-06-30 | 1.9 M | Van Eck Associates Corporation | 2024-06-30 | 18.7 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 11.9 M |
SSR Mining's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.2 B.Market Cap |
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SSR Mining's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.02) | (0.02) | |
| Return On Capital Employed | (0.02) | (0.03) | |
| Return On Assets | (0.02) | (0.02) | |
| Return On Equity | (0.03) | (0.03) |
Determining SSR Mining's profitability involves analyzing its financial statements and using various financial metrics to determine if SSR Mining is a good buy. For example, gross profit margin measures SSR Mining's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of SSR Mining's profitability and make more informed investment decisions.
SSR Mining's Earnings Breakdown by Geography
Evaluate SSR Mining's management efficiency
SSR Mining has return on total asset (ROA) of (0.0221) % which means that it has lost $0.0221 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.1437) %, meaning that it created substantial loss on money invested by shareholders. SSR Mining's management efficiency ratios could be used to measure how well SSR Mining manages its routine affairs as well as how well it operates its assets and liabilities. As of the 26th of November 2024, Return On Tangible Assets is likely to drop to -0.02. In addition to that, Return On Capital Employed is likely to drop to -0.03. At this time, SSR Mining's Intangible Assets are very stable compared to the past year. As of the 26th of November 2024, Debt To Assets is likely to grow to 0.08, while Return On Tangible Assets are likely to drop (0.02).| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 21.03 | 22.08 | |
| Tangible Book Value Per Share | 21.03 | 22.08 | |
| Enterprise Value Over EBITDA | 66.41 | 69.73 | |
| Price Book Value Ratio | 0.65 | 0.62 | |
| Enterprise Value Multiple | 66.41 | 69.73 | |
| Price Fair Value | 0.65 | 0.62 | |
| Enterprise Value | 376.7 M | 208.4 M |
The strategic initiatives led by SSR Mining's management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Beta 0.942 |
Basic technical analysis of SSR Stock
As of the 26th of November, SSR Mining has the coefficient of variation of 1578.48, and Risk Adjusted Performance of 0.0565. Compared to fundamental indicators, the technical analysis model makes it possible for you to check available technical drivers of SSR Mining, as well as the relationship between them. Please validate SSR Mining information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if SSR Mining is priced fairly, providing market reflects its prevalent price of 5.76 per share. Given that SSR Mining has jensen alpha of 0.0647, we advise you to double-check SSR Mining's current market performance to make sure the company can sustain itself next year.SSR Mining's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific SSR Mining insiders, such as employees or executives, is commonly permitted as long as it does not rely on SSR Mining's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases SSR Mining insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
SSR Mining's Outstanding Corporate Bonds
SSR Mining issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. SSR Mining uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most SSR bonds can be classified according to their maturity, which is the date when SSR Mining has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand SSR Mining's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing SSR Mining's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0565 | |||
| Market Risk Adjusted Performance | 0.1804 | |||
| Mean Deviation | 2.75 | |||
| Semi Deviation | 3.29 | |||
| Downside Deviation | 3.47 | |||
| Coefficient Of Variation | 1578.48 | |||
| Standard Deviation | 3.66 | |||
| Variance | 13.42 | |||
| Information Ratio | 0.0277 | |||
| Jensen Alpha | 0.0647 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0292 | |||
| Treynor Ratio | 0.1704 | |||
| Maximum Drawdown | 22.82 | |||
| Value At Risk | (4.86) | |||
| Potential Upside | 5.66 | |||
| Downside Variance | 12.01 | |||
| Semi Variance | 10.8 | |||
| Expected Short fall | (3.47) | |||
| Skewness | (0.47) | |||
| Kurtosis | 2.6 |
| Risk Adjusted Performance | 0.0565 | |||
| Market Risk Adjusted Performance | 0.1804 | |||
| Mean Deviation | 2.75 | |||
| Semi Deviation | 3.29 | |||
| Downside Deviation | 3.47 | |||
| Coefficient Of Variation | 1578.48 | |||
| Standard Deviation | 3.66 | |||
| Variance | 13.42 | |||
| Information Ratio | 0.0277 | |||
| Jensen Alpha | 0.0647 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0292 | |||
| Treynor Ratio | 0.1704 | |||
| Maximum Drawdown | 22.82 | |||
| Value At Risk | (4.86) | |||
| Potential Upside | 5.66 | |||
| Downside Variance | 12.01 | |||
| Semi Variance | 10.8 | |||
| Expected Short fall | (3.47) | |||
| Skewness | (0.47) | |||
| Kurtosis | 2.6 |
Consider SSR Mining's intraday indicators
SSR Mining intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of SSR Mining stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 49649.71 | |||
| Daily Balance Of Power | (0.75) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 5.75 | |||
| Day Typical Price | 5.75 | |||
| Price Action Indicator | (0.07) | |||
| Period Momentum Indicator | (0.15) | |||
| Relative Strength Index | 31.26 |
SSR Mining Corporate Filings
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 6th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
F4 | 3rd of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 13th of September 2024 Other Reports | ViewVerify |
SSR Stock media impact
Far too much social signal, news, headlines, and media speculation about SSR Mining that are available to investors today. That information is available publicly through SSR media outlets and privately through word of mouth or via SSR internal channels. However, regardless of the origin, that massive amount of SSR data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of SSR Mining news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of SSR Mining relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to SSR Mining's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive SSR Mining alpha.
SSR Mining Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards SSR Mining can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
SSR Mining Corporate Management
| Susan Gehoski | Vice Resources | Profile | |
| Alex Hunchak | Director Relations | Profile | |
| BSc BSc | Ex COO | Profile | |
| Joanne Thomopoulos | Executive Resources | Profile | |
| Accountancy BBus | CEO Pres | Profile | |
| Finance BCom | Executive Officer | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SSR Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in SSR Stock, please use our How to Invest in SSR Mining guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SSR Mining. If investors know SSR will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SSR Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.29) | Earnings Share (2.38) | Revenue Per Share 5.423 | Quarterly Revenue Growth (0.33) | Return On Assets (0.02) |
The market value of SSR Mining is measured differently than its book value, which is the value of SSR that is recorded on the company's balance sheet. Investors also form their own opinion of SSR Mining's value that differs from its market value or its book value, called intrinsic value, which is SSR Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SSR Mining's market value can be influenced by many factors that don't directly affect SSR Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between SSR Mining's value and its price, as these two are different measures arrived at by various means. Investors typically determine if SSR Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SSR Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.