Should I buy or sell SSR Mining stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SSR Mining in the last year. There are currently 2 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" SSRM shares. View SSRM analyst ratings or view top-rated stocks .

What is SSR Mining's stock price target for 2024?

7 equities research analysts have issued 1 year price targets for SSR Mining's shares. Their SSRM share price targets range from $3.00 to $12.50. On average, they predict the company's share price to reach $6.63 in the next year. This suggests a possible upside of 29.4% from the stock's current price. View analysts price targets for SSRM or view top-rated stocks among Wall Street analysts .

How have SSRM shares performed in 2024?

SSR Mining's stock was trading at $10.76 on January 1st, 2024. Since then, SSRM stock has decreased by 52.4% and is now trading at $5.12. View the best growth stocks for 2024 here .

When is SSR Mining's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our SSRM earnings forecast .

How were SSR Mining's earnings last quarter?

SSR Mining Inc. (NASDAQ:SSRM) announced its quarterly earnings data on Tuesday, February, 27th. The basic materials company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.23. The basic materials company had revenue of $425.90 million for the quarter. SSR Mining had a negative net margin of 6.87% and a positive trailing twelve-month return on equity of 6.27%. During the same period in the previous year, the company earned $0.12 EPS.

How often does SSR Mining pay dividends? What is the dividend yield for SSR Mining?

SSR Mining announced a quarterly dividend on Wednesday, November 1st. Investors of record on Monday, November 13th will be given a dividend of $0.07 per share on Monday, December 11th. This represents a $0.28 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Friday, November 10th. Read our dividend analysis for SSRM .

Is SSR Mining a good dividend stock?

SSR Mining (NASDAQ:SSRM) pays an annual dividend of $0.21 per share and currently has a dividend yield of 4.17%. SSRM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for SSRM .

What ETFs hold SSR Mining's stock?

ETFs with the largest weight of SSR Mining (NASDAQ:SSRM) stock in their portfolio include Global X Gold Explorers ETF (GOEX) , Global X MSCI Argentina ETF (ARGT) , First Trust Materials AlphaDEX Fund (FXZ) , Sprott Gold Miners ETF (SGDM) , WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) , Global X Silver Miners ETF (SIL) , Amplify Junior Silver Miners ETF (SILJ) and VanEck Junior Gold Miners ETF (GDXJ) .

What other stocks do shareholders of SSR Mining own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SSR Mining investors own include First Majestic Silver (AG) , Advanced Micro Devices (AMD) , Micron Technology (MU) , Wheaton Precious Metals (WPM) , Coeur Mining (CDE) , Agnico Eagle Mines (AEM) , Barrick Gold (GOLD) , Intel (INTC) and Newmont (NEM) .

Who are SSR Mining's major shareholders?

SSR Mining's stock is owned by a variety of institutional and retail investors. Top institutional investors include Alaska Permanent Fund Corp (0.58%), Counterpoint Mutual Funds LLC (0.08%), Oak Thistle LLC (0.02%), Wedmont Private Capital (0.01%) and CWM LLC (0.00%). Insiders that own company stock include Alison Lynn White , Arthur Michael Anglin , John Ebbett , Michael John Sparks , Rodney Antal , Russell Farnsworth and Steward John Beckman . View institutional ownership trends .

How do I buy shares of SSR Mining?

Shares of SSRM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:SSRM

SSR Mining (SSRM) Stock Price, News & Analysis

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$5.14

+0.08 (+1.58%)

(As of 05:32 PM ET)

Compare

Today's Range: $5.03
▼
$5.23
50-Day Range: $3.98
▼
$9.72
52-Week Range: $3.76
▼
$17.72

Volume: 2.91 million shs
Average Volume: 4.79 million shs
Market Capitalization: $1.04 billion

P/E Ratio: N/A
Dividend Yield: 4.09%
Price Target: $6.63

Get SSR Mining alerts:

SSR Mining MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.71 Rating Score
Upside/Downside: 29.4% Upside
$6.63 Price Target
Short Interest: Healthy
2.00% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.05
Based on 16 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -13.64%
From $0.22 to $0.19 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.54 out of 5 stars

Basic Materials Sector

63rd out of 173 stocks

Miscellaneous Investing Industry

1st out of 2 stocks

3.9

Analyst's Opinion

Consensus Rating
SSR Mining has received a consensus rating of Reduce. The company's average rating score is 1.71, and is based on no buy ratings, 5 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
SSR Mining has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
2.00% of the float of SSR Mining has been sold short.
Short Interest Ratio / Days to Cover
SSR Mining has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in SSR Mining has recently decreased by 10.49%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
SSR Mining is a leading dividend payer. It pays a dividend yield of 4.17%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
SSR Mining does not have a long track record of dividend growth.
Dividend Sustainability
Based on EPS estimates, SSR Mining will have a dividend payout ratio of 110.53% in the coming year. This indicates that SSR Mining may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SSRM.

2.2

News and Social Media Coverage

News Sentiment
SSR Mining has a news sentiment score of 0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.39 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 16 news articles for SSR Mining this week, compared to 4 articles on an average week.
Search Interest
21 people have searched for SSRM on MarketBeat in the last 30 days. This is an increase of 62% compared to the previous 30 days.
MarketBeat Follows
Only 32 people have added SSR Mining to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SSR Mining insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.55% of the stock of SSR Mining is held by insiders.
Percentage Held by Institutions
68.30% of the stock of SSR Mining is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for SSR Mining are expected to decrease by -13.64% in the coming year, from $0.22 to $0.19 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SSR Mining is -10.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of SSR Mining is -10.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
SSR Mining has a PEG Ratio of 1.31. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
SSR Mining has a P/B Ratio of 0.24. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About SSR Mining Stock (NASDAQ:SSRM)

SSR Mining Inc., together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina. The company was formerly known as Silver Standard Resources Inc. and changed its name to SSR Mining Inc. in August 2017. SSR Mining Inc. was incorporated in 1946 and is based in Denver, Colorado.

SSRM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SSRM Stock News Headlines

April 17, 2024 | businesswire.com

SSR Mining to Announce First Quarter Consolidated Financial Results on May 8, 2024

April 17, 2024 | prnewswire.com

SSRM Investors Have Opportunity to Lead SSR Mining Inc. Securities Fraud Lawsuit

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 16, 2024 | prnewswire.com

SSR Mining Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before May 17, 2024 to Discuss Your Rights - SSRM

April 15, 2024 | markets.businessinsider.com

ATTENTION SSR Mining Inc. (SSRM) Shareholders: Securities Fraud Lawsuit Filed Against SSR Mining Inc. (SSRM)

April 15, 2024 | prnewswire.com

SSRM Investors Have Opportunity to Lead SSR Mining Inc. Securities Fraud Lawsuit

April 15, 2024 | prnewswire.com

SSR Mining Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - SSRM

April 14, 2024 | prnewswire.com

ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages SSR Mining Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - SSRM

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 13, 2024 | prnewswire.com

INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of SSR Mining