SSR Mining Inc (NASDAQ: SSRM) stock fell -3.69% on Monday to $11.22 against a previous-day closing price of $11.65. With 5.05 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.21 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $11.47 whereas the lowest price it dropped to was $11.05. The 52-week range on SSRM shows that it touched its highest point at $17.74 and its lowest point at $11.14 during that stretch. It currently has a 1-year price target of $17.29. With its current market cap of 2.29 billion, SSRM has annualized dividend of $0.27 while the current yield stands at 2.39%. Beta for the stock currently stands at 0.89.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SSRM was down-trending over the past week, with a drop of -1.49%, but this was down by -20.65% over a month. Three-month performance dropped to -21.70% while six-month performance fell -29.57%. The stock lost -20.48% in the past year, while it has lost -28.40% so far this year. A look at the trailing 12-month EPS for SSRM yields 1.01 with Next year EPS estimates of 0.63. For the next quarter, that number is 0.31. This implies an EPS growth rate of 52.64% for this year and -38.65% for next year.
Float and Shares Shorts:
At present, 206.65 million SSRM shares are outstanding with a float of 202.32 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.45 million, which was 3.16% higher than short shares on Sep 28, 2023. In addition to Mr. Rodney P. Antal Accountancy, B.Bus, C.P.A. as the firm’s President, CEO & Executive Chairman, Ms. Alison White serves as its Executive VP & CFO.
Through their ownership of 69.18% of SSRM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.85% of SSRM, in contrast to 10.13% held by mutual funds. Shares owned by individuals account for 0.77%. As the largest shareholder in SSRM with 10.39% of the stake, Van Eck Associates Corp. holds 21,178,035 shares worth 21,178,035. A second-largest stockholder of SSRM, BlackRock Investment Management, holds 12,958,786 shares, controlling over 6.36% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in SSRM, holding 5,548,817 shares or 2.72% stake. With a 5.41% stake in SSRM, the VanEck Gold Miners ETF is the largest stakeholder. A total of 11,018,199 shares are owned by the mutual fund manager. The BlackRock Global Funds – World Go, which owns about 4.42% of SSRM stock, is the second-largest Mutual Fund holder. It holds 9,017,405 shares valued at 125.16 million. VanEck Junior Gold Miners ETF holds 3.71% of the stake in SSRM, owning 7,554,435 shares worth 104.86 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SSRM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SSRM analysts setting a high price target of $22.50 and a low target of $12.50, the average target price over the next 12 months is $17.29. Based on these targets, SSRM could surge 100.53% to reach the target high and rise by 11.41% to reach the target low. Reaching the average price target will result in a growth of 54.1% from current levels.
Dividends & Yield:
In terms of dividends, SSRM has a current ratio of $0.28, which is $0.28 over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and SSRM currently yields $2.49. In the past year, SSRM’s dividend yield has been $2.49, but when looking at the stock over the past five years, its yield has been $–. Accordingly, SSRM has a current buyback yield of $1.98. This was $1.98 for the TTM, and it was $– for the past five years.