SSR Mining Inc. [SSRM] Stock trading around $19.78 per share: What’s Next?

SSR Mining Inc. [NASDAQ: SSRM] jumped around 1.66 points on Thursday, while shares priced at $19.78 at the close of the session, up 9.16%. The company report on November 13, 2020 that SSR Mining, Inc. to Host Earnings Call.

SSR Mining, Inc. (NASDAQ:SSRM) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 12, 2020 at 5:00 PM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/70384.

SSR Mining Inc. stock is now 2.70% up from its year-to-date (YTD) trading value. SSRM Stock saw the intraday high of $20.09 and lowest of $18.46 per share. The company’s 52-week high price is 25.32, which means current price is +119.78% above from all time high which was touched on 08/05/20.

Compared to the average trading volume of 1.85M shares, SSRM reached a trading volume of 2334945 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about SSR Mining Inc. [SSRM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SSRM shares is $11.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SSRM stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Scotiabank have made an estimate for SSR Mining Inc. shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on September 17, 2020. The new note on the price target was released on July 21, 2020, representing the official price target for SSR Mining Inc. stock.

The Average True Range (ATR) for SSR Mining Inc. is set at 0.99, with the Price to Sales ratio for SSRM stock in the period of the last 12 months amounting to 7.55. The Price to Book ratio for the last quarter was 2.11, with the Price to Cash per share for the same quarter was set at 2.12.

How has SSRM stock performed recently?

SSR Mining Inc. [SSRM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.27. With this latest performance, SSRM shares gained by 0.46% in over the last four-week period, additionally sinking by -7.18% over the last 6 months – not to mention a rise of 31.69% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SSRM stock in for the last two-week period is set at 51.32, with the RSI for the last a single of trading hit 54.75, and the three-weeks RSI is set at 51.65 for SSR Mining Inc. [SSRM]. The present Moving Average for the last 50 days of trading for this stock 19.54, while it was recorded at 19.25 for the last single week of trading, and 18.71 for the last 200 days.

SSR Mining Inc. [SSRM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and SSR Mining Inc. [SSRM] shares currently have an operating margin of +19.54 and a Gross Margin at +24.56. SSR Mining Inc.’s Net Margin is presently recorded at +9.44.

Return on Total Capital for SSRM is now 8.82, given the latest momentum, and Return on Invested Capital for the company is 4.51. Return on Equity for this stock inclined to 5.43, with Return on Assets sitting at 3.50. When it comes to the capital structure of this company, SSR Mining Inc. [SSRM] has a Total Debt to Total Equity ratio set at 26.19. Additionally, SSRM Total Debt to Total Capital is recorded at 20.75, with Total Debt to Total Assets ending up at 16.97. Long-Term Debt to Equity for the company is recorded at 15.76, with the Long-Term Debt to Total Capital now at 12.49.

Reflecting on the efficiency of the workforce at the company, SSR Mining Inc. [SSRM] managed to generate an average of $39,487 per employee. Receivables Turnover for the company is 11.77 with a Total Asset Turnover recorded at a value of 0.37.SSR Mining Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.20 and a Current Ratio set at 9.00.

Earnings analysis for SSR Mining Inc. [SSRM]

With the latest financial reports released by the company, SSR Mining Inc. posted 0.17/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 41.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SSRM.

Insider trade positions for SSR Mining Inc. [SSRM]

There are presently around $2,206 million, or 47.90% of SSRM stock, in the hands of institutional investors. The top three institutional holders of SSRM stocks are: VAN ECK ASSOCIATES CORP with ownership of 23,801,621, which is approximately 74.608% of the company’s market cap and around 3.30% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 6,609,228 shares of the stock with an approximate value of $130.73 million in SSRM stocks shares; and BLACKROCK INC., currently with $130.59 million in SSRM stock with ownership of nearly 66.498% of the company’s market capitalization.

Positions in SSR Mining Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 107 institutional holders increased their position in SSR Mining Inc. [NASDAQ:SSRM] by around 40,380,063 shares. Additionally, 76 investors decreased positions by around 9,822,085 shares, while 16 investors held positions by with 61,328,956 shares. The mentioned changes placed institutional holdings at 111,531,104 shares, according to the latest SEC report filing. SSRM stock had 35 new institutional investments in for a total of 6,184,751 shares, while 37 institutional investors sold positions of 3,233,508 shares during the same period.

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