At the time of writing, SSR Mining Inc [SSRM] stock is trading at $4.13, up 3.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The SSRM shares have gain 2.74% over the last week, with a monthly amount drifted -11.75%, and not seem to be holding up well over a long-time horizon.
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On 8, March 2024, SSR Mining Announces Changes to Executive Leadership Team. In a post published today on Yahoo Finance, SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) (“SSR Mining” or the “Company”) announces the reorganization of key roles and responsibilities within its executive leadership team.
From an analyst’s perspective:
SSR Mining Inc [NASDAQ: SSRM] stock has seen the most recent analyst activity on February 22, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $5 from $17. Previously, RBC Capital Mkts downgraded its rating to Underperform on February 20, 2024, and dropped its price target to $3. On February 15, 2024, downgrade downgraded it’s rating to Sector Perform and revised its price target to $6 on the stock. TD Securities downgraded its rating to a Hold. Scotiabank downgraded its rating to a Sector Perform. CIBC downgraded its rating to Neutral for this stock on February 14, 2024, and downed its price target to $6. In a note dated November 20, 2023, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $17 to $12.50.
For the past year, the stock price of SSR Mining Inc fluctuated between $3.76 and $17.72. Currently, Wall Street analysts expect the stock to reach $6.49 within the next 12 months. SSR Mining Inc [NASDAQ: SSRM] shares were valued at $4.13 at the most recent close of the market. An investor can expect a potential return of 57.14% based on the average SSRM price forecast.
Analyzing the SSRM fundamentals
According to SSR Mining Inc [NASDAQ:SSRM], the company’s sales were 1.43B for trailing twelve months, which represents an 39.01% jump. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.05 points at the first support level, and at 3.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.20, and for the 2nd resistance point, it is at 4.26.
SSR Mining Inc [SSRM] reported earnings per share of $0.59 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.33/share, meaning a difference of $0.26 and a surprise factor of 78.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.26 per share as compared to estimates of $0.26 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It is important to note that SSR Mining Inc [NASDAQ:SSRM] has a current ratio of 7.01. On the other hand, the Quick Ratio is 3.99, and the Cash Ratio is 2.89. Considering the valuation of this stock, the price to sales ratio is 0.59, the price to book ratio is 0.25.
Transactions by insiders
Recent insider trading involved Ebbett John, EVP, Growth and Innovation, that happened on Mar 07 ’24 when 2076.0 shares were sold. Director, Anglin Arthur Michael completed a deal on May 12 ’23 to buy 8000.0 shares.
