SSR Mining stock: buy or sell?
August 22nd, 2019
SSR Mining Inc. engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas.
Should I buy SSR Mining stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, SSR Mining stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is SSR Mining stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we gathered 9 ratings published for SSRM stock in the last 30 days. The general sentiment of these ratings is bullish for SSRM stock, with 4 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-14||National Bank Financial||n/a||Outperform|
|2019-7-23||BMO Capital Markets||n/a||Outperform|
|2019-2-27||Royal Bank of Canada||n/a||Buy|
|2019-1-14||National Bank Financial||n/a||Outperform|
SSR Mining stock analysis
SSR Mining shares depreciated -1.08% to $15.54 today.
Shares of SSR Mining depreciated an unpleasant -1.08% and closed at $15.54. Since price and SMA200d lines crossed up on May, SSRM climbed $4.27 (37.89%). Since SMA50d and SMA100d crossed up on Jul/22, SSRM price slid a -2.02%.
After sliding a frightening -5.26% in a week last week, SSR Mining closed this week at $15.54 and stayed constant a bad -0.32%. By mid July SSRM skyrocketed an exceptional 11.85% in just one week.
SSR Mining stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Since price and SMA40w lines crossed up late May, SSRM climbed $4.56 (41.53%). Since late December 2018 when SMA20w and SMA40w crossed up, SSRM price gained $3.77 per share (32.03%).
SSR Mining stock price history
SSR Mining stock went public on August 1st, 1996 with a price of $4.251. Since then, SSRM stock surged a 265.60%, with an average of 11.50% per year. If you had invested $1,000 in SSR Mining stock in 1996, it would worth $2,656.00 today.
1: Adjusted price after possible price splits or reverse-splits.
SSR Mining stock historical price chart
SSRM stock reached 52-week highs on August 7th at $17.56, and all-time highs 2007-11-07 with a price of 48.16.
SSR Mining stock price target is $16.60Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 7 price predictions for SSRM stock published in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-2||B. Riley||Raises Target||$14.10||$14.75||4.6%|
|2019-7-23||BMO Capital Markets||Raises Target||n/a||$19.50||-|
|2019-7-2||Citigroup||Set Price Target||n/a||$14.00||-|
|2019-2-27||Royal Bank of Canada||Reiterates||$14.00||$16.00||14.3%|
|2019-1-14||National Bank Financial||Raises Target||$17.00||$21.00||23.5%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSSR Mining reported super good results for 2018-Q4 on February. SSR Mining boosted Earnings per Share (EPS) by 300.00%, beating analysts estimates of $0.01. SSR Mining posted $0.04.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, SSR Mining annual sales slipped an awful -6.26% to $420.68 million dollars from $448.77 marked in 2017. In contrary, its income margin (compared to revenues) plummed to 1.52%, that is $6.38 million.
|2013||$180 M||-||$-237.01 M-131.7%||-|
|2014||$300 M||66.74%||$-126.39 M-42.1%||-46.67%|
|2015||$375 M||25.06%||$-124.30 M-33.1%||-1.65%|
|2016||$491 M||30.82%||$65 M13.2%||-152.26%|
|2017||$449 M||-8.60%||$69 M15.4%||6.71%|
|2018||$421 M||-6.26%||$6.38 M1.5%||-90.80%|
Quarterly financial resultsSSR Mining reported $103.71 M in revenues for 2018-Q4, a -9.84% decline compared to previous quarter. Reported quarter income marked $-3.49 M with a profit margin of -3.36%. Profit margin fell a -8.90% compared to previous quarter when profit margin was 5.54%. When comparing revenues to same quarter last year, SSR Mining sales marked a fatal correction and decreased a -3.86%.
|2017-Q1||$156 M||-||$19.91 M12.8%||-|
|2017-Q2||$157 M||0.81%||$50.18 M31.9%||152.03%|
|2017-Q3||$106 M||-32.61%||$1.07 M1.0%||-97.87%|
|2017-Q4||$108 M||1.77%||$15.88 M14.7%||1,388.57%|
|2018-Q1||$98 M||-9.25%||$-1.63 M-1.7%||-110.24%|
|2018-Q2||$104 M||6.26%||$5.12 M4.9%||-414.70%|
|2018-Q3||$115 M||10.58%||$6.37 M5.5%||24.57%|
|2018-Q4||$104 M||-9.84%||$-3.49 M-3.4%||-154.69%|
SSR Mining ownershipWhen you are planning to buy shares of a stock, it's worth to review its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For SSR Mining, 0.22% of all outstanding shares are owned by its staff.
In case of SSR Mining stock, 64.02% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for SSRM stock account 0.00%, no big difference from last month.
For a better context understanding, the next table shows ownership data compared to other related stocks:
|Market cap||$1.9 B||$2.1 B||$199.8 M||$1.0 B||$320.8 M|
|Total shares||121.2 M||200.6 M||101.9 M||205.1 M||131.5 M|
|Float shares||117.9 M||179.1 M||105.2 M||218.4 M||130.8 M|
|- Institutional holdings (%)||64.0%||0.0%||0.0%||72.6%||0.0%|
|- Insider holdings (%)||0.2%||0.0%||0.0%||1.8%||0.0%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
SSR Mining summary
|Thursday, August 22nd, 2019|
|Day range||$15.53 - $15.89|
|Average true range||$0.73|
|50d mov avg||$14.80|
|100d mov avg||$13.20|
|200d mov avg||$12.80|
SSR Mining performanceTo better understand SSR Mining performance you must compare its gains with other related stocks in same sector or industry. We picked First Majestic Silver, Alexco Resource, Coeur Mining, Endeavour Silver, Great Panther Silver, Hecla Mining, MAG Silver, Pan American Silver and Wheaton Precious Metals as the bechmarking frame for SSR Mining stock.
|AGFirst Majestic Si...||81.83%||56.69%||87.11%|
|GPLGreat Panther Sil...||13.24%||-15.38%||-14.44%|
|PAASPan American Silv...||59.50%||17.77%||6.71%|
|WPMWheaton Precious ...||33.66%||22.19%||52.51%|