SSR Mining Inc (NASDAQ: SSRM) – Suitable For Long Term Buy?

Currently, there are 206.65M common shares owned by the public and among those 202.35M shares have been available to trade.

Insiders at the company have transacted a total of 63 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 43 of these insider trades were purchases, accounting for 294,518 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 34,584 shares.

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The company’s stock has a 5-day price change of -52.47% and -60.55% over the past three months. SSRM shares are trading -57.06% year to date (YTD), with the 12-month market performance down to -67.19% lower. It has a 12-month low price of $3.76 and touched a high of $17.72 over the same period. SSRM has an average intraday trading volume of 4.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -46.12%, -53.00%, and -64.49% respectively.

Institutional ownership of SSR Mining Inc (NASDAQ: SSRM) shares accounts for 68.51% of the company’s 206.65M shares outstanding.

It has a market capitalization of $941.97M and a beta (3y monthly) value of 0.89. The stock’s trailing 12-month PE ratio is 4.56, while the earnings-per-share (ttm) stands at $1.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 31.52% over the week and 9.65% over the month.

Analysts forecast that SSR Mining Inc (SSRM) will achieve an EPS of $SRM Entertainment, Inc. for the current quarter, $1.35 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Streamline Health Solutions, In while analysts give the company a high EPS estimate of $APPSWARM INC. Comparatively, EPS for the current quarter was $Screaming Eagle Acquisition Cor a year ago. Earnings per share for the fiscal year are expected to increase by 54.03%, and -75.65% over the next financial year.

Looking at the support for the SSRM, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Underperform rating for the stock in a research note on Feb-21-24, with the firm’s price target at $6-$3. RBC Capital Mkts coverage for the SSR Mining Inc (SSRM) stock in a research note released on February 15, 2024 offered a Sector Perform rating with a price target of $6. CIBC on their part issued Neutral rating on February 14, 2024.

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