SSR Mining Inc (SSRM): Street Finally Waking Up

Currently, there are 202.95M common shares owned by the public and among those 200.94M shares have been available to trade.

The company’s stock has a 5-day price change of 4.06% and -61.75% over the past three months. SSRM shares are trading -59.48% year to date (YTD), with the 12-month market performance down to -66.31% 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 4.73 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 -12.66%, -45.49%, and -64.18% respectively.

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Institutional ownership of SSR Mining Inc (NASDAQ: SSRM) shares accounts for 69.17% of the company’s 202.95M shares outstanding.

It has a market capitalization of $882.73M and a beta (3y monthly) value of 0.81. The earnings-per-share (ttm) stands at -$0.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.30% over the week and 11.40% over the month.

Analysts forecast that SSR Mining Inc (SSRM) will achieve an EPS of -$0.12 for the current quarter, -$0.02 for the next quarter and $0.16 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.3 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was $0.1 a year ago. Earnings per share for the fiscal year are expected to decrease by -90.68%, and 60.94% over the next financial year.

Looking at the support for the SSRM, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on February 22, 2024, with the firm’s price target at $17-$5. RBC Capital Mkts coverage for the SSR Mining Inc (SSRM) stock in a research note released on February 20, 2024 offered a Underperform rating with a price target of $3. Scotiabank on their part issued Sector Perform rating on February 14, 2024.

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