(SSRM) SSR Mining - Ratings and Ratios

SSR Mining Inc. (NASDAQ:SSRM) is a precious metals mining company with operations spanning the United States, Türkiye, Canada, and Argentina. The company specializes in the acquisition, exploration, and development of gold, silver, copper, lead, and zinc deposits. Its portfolio includes the Çöpler mine in Türkiye, a gold doré and copper operation; the Marigold mine in Nevada, a gold heap leach facility; the Seabee mine in Saskatchewan, Canada, a gold operation; and the Puna mine in Argentina, a silver, zinc, and lead project. SSR Mining Inc. was previously known as Silver Standard Resources Inc. and rebranded in August 2017. Established in 1946, the company is headquartered in Denver, Colorado.

The companys stock is listed on the NASDAQ under the ticker symbol SSRM. As of the latest data, SSR Mining Inc. has a market capitalization of approximately $2.195 billion USD, with a forward price-to-earnings ratio of 9.51. The stocks price-to-book ratio stands at 0.71, indicating a valuation below its book value. The price-to-sales ratio is 2.21, reflecting its revenue multiple. However, the return on equity is negative at -8.37%, signaling challenges in profitability. Technically, the stock is trading at $10.49, with a 20-day moving average of $10.23, a 50-day moving average of $10.35, and a 200-day moving average of $7.27. The average true range (ATR) is 0.56, suggesting moderate volatility.

3-Month Forecast: Based on technical and fundamental analysis, SSRM is expected to trade in a range of $9.50 to $11.50 over the next three months. The stock is currently above its 50-day SMA ($10.35) but below its 200-day SMA ($7.27), indicating a neutral to slightly bullish trend. Support levels are anticipated at $9.80 and $10.00, while resistance may be encountered at $10.80 and $11.20. The ATR of 0.56 suggests potential price swings of $0.40 to $0.60 per session. Fundamentally, the companys forward P/E of 9.51 and P/B ratio of 0.71 suggest a relatively attractive valuation, though the negative RoE of -8.37% may weigh on investor sentiment. Earnings reports and operational updates from the Çöpler and Marigold mines will likely be key catalysts during this period.