SSR Mining Inc. [SSRM] Revenue clocked in at $1.47 billion, up 24.07% YTD: What’s Next?


SSR Mining Inc. [NASDAQ: SSRM] price surged by 1.20 percent to reach at $0.26. The company report on March 3, 2022 that SSR Mining Appoints New Board Director.

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SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) (“SSR Mining” or the “Company”) announces the appointment of Ms. Leigh Ann Fisher to its Board of Directors (the “Board”).

Ms. Fisher brings over 30 years of finance, human capital, and leadership experience to the Board. Most recently, Ms. Fisher served as Executive Vice President and Chief Administrative Officer of Alcoa Corporation from 2016 until her retirement in 2020. As Chief Administrative Officer, Ms. Fisher had responsibility for human resources, procurement, information technology/automation solutions, global shared services, and business process optimization. From 2013 to 2016, Ms. Fisher held the role of Chief Financial Officer for Alcoa’s Global Primary Products Group, responsible for managing finance and business analysis for Alcoa’s worldwide primary products system.

A sum of 3258977 shares traded at recent session while its average daily volume was at 1.88M shares. SSR Mining Inc. shares reached a high of $22.73 and dropped to a low of $21.6006 until finishing in the latest session at $21.96.

The one-year SSRM stock forecast points to a potential upside of 20.38. The average equity rating for SSRM stock is currently 2.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $27.58 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 2.00. 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.

National Bank Financial have made an estimate for SSR Mining Inc. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on March 16, 2022. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on June 02, 2021, representing the official price target for SSR Mining Inc. stock.

The Average True Range (ATR) for SSR Mining Inc. is set at 0.91, with the Price to Sales ratio for SSRM stock in the period of the last 12 months amounting to 3.12. The Price to Book ratio for the last quarter was 1.31, with the Price to Cash per share for the same quarter was set at 5.06. Price to Free Cash Flow for SSRM in the course of the last twelve months was 11.46 with Quick ratio for the last quarter at 4.30.

SSRM Stock Performance Analysis:

SSR Mining Inc. [SSRM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.71. With this latest performance, SSRM shares gained by 10.57% in over the last four-week period, additionally plugging by 49.90% over the last 6 months – not to mention a rise of 54.87% 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 64.30, with the RSI for the last a single of trading hit 63.95, and the three-weeks RSI is set at 63.71 for SSR Mining Inc. [SSRM]. The present Moving Average for the last 50 days of trading for this stock 18.82, while it was recorded at 21.67 for the last single week of trading, and 17.07 for the last 200 days.

Insight into SSR Mining Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and SSR Mining Inc. [SSRM] shares currently have an operating margin of +31.95 and a Gross Margin at +35.79. SSR Mining Inc.’s Net Margin is presently recorded at +24.97.

Return on Equity for this stock inclined to 10.45, with Return on Assets sitting at 6.96.

SSR Mining Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.30 and a Current Ratio set at 5.60.

SSR Mining Inc. [SSRM] Insider Position Details

There are presently around $2,411 million, or 63.60% 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 20,772,937, which is approximately -9.314% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 9,907,479 shares of the stock with an approximate value of $214.99 million in SSRM stocks shares; and VANGUARD GROUP INC, currently with $148.12 million in SSRM stock with ownership of nearly 0.708% of the company’s market capitalization.

Positions in SSR Mining Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 76 institutional holders increased their position in SSR Mining Inc. [NASDAQ:SSRM] by around 10,105,373 shares. Additionally, 71 investors decreased positions by around 8,816,037 shares, while 34 investors held positions by with 92,205,917 shares. The mentioned changes placed institutional holdings at 111,127,327 shares, according to the latest SEC report filing. SSRM stock had 26 new institutional investments in for a total of 1,639,381 shares, while 11 institutional investors sold positions of 549,206 shares during the same period.