SSR Mining Inc (NASDAQ:SSRM) price on current trading day, rose 1.07% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.30.
A look at the stock’s price movement, the level at last check in today’s session was $11.18, moving within a range at $10.99 and $11.3759. The beta value (5-Year monthly) was 0.772. Turning to its 52-week performance, $11.29 and $3.94 were the 52-week high and 52-week low respectively. Overall, SSRM moved 7.41% over the past month.
SSR Mining Inc’s market cap currently stands at around $2.29 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-17.
Analysts have a consensus estimate of 342.49M for the company’s revenue for the quarter, with a low and high estimate of 288.77M and 396.22M respectively. The average forecast suggests up to a 48.76% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.43B, representing a 43.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SSRM is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 1 recommend SSRM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SSRM’s current price about 9.23% and 23.71% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.79, while 7-day volatility ratio is 3.20% and 5.04% in the 30-day chart. Further, SSR Mining Inc (SSRM) has a beta value of 0.25, and an average true range (ATR) of 0.43. Analysts have given the company’s stock an average 52-week price target of $6.49, forecast between a low of $6.49 and high of $6.49. Looking at the price targets, the low is 42.57% off recent price level in today’s trading while to achieve the yearly target high, it has to move 42.57%. Nonetheless, investors will most likely welcome a 42.57% jump to $6.49 which is the analysts’ median price.
If we refocus on SSR Mining Inc (NASDAQ:SSRM), historical trading data shows that trading volumes averaged 2.47 over the past 10 days and 2.67 million over the past 3 months. The company’s latest data on shares outstanding shows there are 202.37 million shares.
The 1.34% of SSR Mining Inc’s shares are in the hands of company insiders while institutional holders own 66.52% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.7 million on 2025-02-28, giving us a short ratio of 2.64. The data shows that as of 2025-02-28 short interest in SSR Mining Inc (SSRM) stood at 427.00000000000006 of shares outstanding, with shares short rising to 6.92 million registered in 2025-01-31. Current price change has pushed the stock 62.36% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SSRM stock continues to rise going into the next quarter.
