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Monday, June 5, 2023

SSR Mining Inc. (SSRM) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for SSR Mining Inc. (SSRM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.07%, to $15.20. The SSR Mining Inc. has recorded 24,895 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that SSR Mining Announces The Acquisition Of An Up To 40% Ownership Interest And Operatorship In The Hod Maden Gold-Copper Project Through An Earn-In Structured Transaction.

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Stocks Info

SSR Mining Inc. is listed on the NASDAQ in the Basic Materials sector while operating in the Gold industry. At the end of the last regular session, the stock closed at $15.21 and fluctuated between $15.66 as its day high and $15.15 as its day low. The current market capitalization of SSR Mining Inc. is $3.12B. A total of 1.74 million shares were traded on the day, compared to an average of 1.62M shares.

In the most recent transaction, Anglin Arthur Michael bought 8,000 shares of SSRM for 16.23 per share on May 12. After the transaction, the Director now owns 52,306 company shares. In a previous transaction on Mar 08, Farid Fady Adel Edward sold 2,955 shares at 13.31 per share. SSRM shares that Chief Corp Development Officer owns now total 115,466.

Among the insiders who sold shares, White Alison Lynn disposed of 2,439 shares on Mar 08 at a per-share price of $13.31. This resulted in the Chief Financial Officer holding 66,077 shares of SSRM after the transaction. In another insider transaction, Sparks Michael John sold 2,323 shares at $13.31 per share on Mar 08. Company shares held by the Chief Legal & Admin Officer now total 146,048.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. SSR Mining Inc. pays an annual dividend of $0.28, resulting in a dividend yield of 1.84%, and it has a price to earnings (P/E) ratio of 20.89. SSRM’s most recent ex-dividend date was 5/12/2023 when it declared a $0.07 quarterly dividend that was paid in cash on 6/12/2023. Previously, the company paid the dividend on 3/30/2023 with an ex-dividend date of 3/2/2023. The SSRM stock dividend was $0.07 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for SSRM in the last 3 months, the mean price target is $21.65 with high estimates of $26.95 and low estimates of $17.88. In terms of 52-week highs and lows, SSRM has a high of $21.48 and a low of $12.78.

As of this writing, SSRM has an earnings estimate of $0.1 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.19 per share and a lower estimate of -$0.02. The company reported an EPS of $0.12 in the last quarter, which was -7.70% lower than expectations of $0.13.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. SSRM’s latest balance sheet shows that the firm has $1.06B in Cash & Short Term Investments as of fiscal 2021. There were $487.63M in debt and $283.88M in liabilities at the time. Its Book Value Per Share was $17.37, while its Total Shareholder’s Equity was $4.05B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SSRM is Buy with a score of 4.63.

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