The Question Is Whether To Buy Or Not To Buy SSR Mining Inc (NASDAQ: SSRM)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that SSR Mining Delivers Strong Fourth Quarter Production and Achieves 2023 Consolidated Production Guidance.

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Stocks Info

SSR Mining Inc is listed on the NASDAQ as a member of the Basic Materials sector and is a part of the Gold industry. At the end of the last regular session, the stock closed at $9.93 and fluctuated between $10.03 as its day high and $9.90 as its day low. The current market capitalization of SSR Mining Inc is $2.02B. A total of 1.45 million shares were traded on the day, compared to an average of 2.26M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SSRM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 43 BUYs and 20 SELLs from insiders. Insiders purchased 294,518 shares during that period but sold 34,584.

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

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. SSR Mining Inc pays an annual dividend of $0.28, resulting in a dividend yield of 2.77%, and it has a price to earnings (P/E) ratio of 9.81. SSRM’s most recent ex-dividend date was 11/10/2023 when it declared a $0.07 quarterly dividend that was paid in cash on 12/11/2023. Previously, the company paid the dividend on 9/11/2023 with an ex-dividend date of 8/11/2023. The SSRM stock dividend was $0.07 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SSRM in the last 3 months, the mean price target is $21.94 with high estimates of $29.98 and low estimates of $16.72. In terms of 52-week highs and lows, SSRM has a high of $17.74 and a low of $9.92.

As of this writing, SSRM has an earnings estimate of $0.34 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.43 per share and a lower estimate of $0.27. The company reported an EPS of $0.35 in the last quarter, which was 218.20% higher than expectations of $0.11.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $17.73, while its Total Shareholder’s Equity was $4.05B.

Analysts Opinion

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. 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 4.00.

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