While SSR Mining Inc has underperformed by -1.38%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SSRM fell by -62.13%, with highs and lows ranging from $15.15 to $3.76, whereas the simple moving average fell by -9.79% in the last 200 days.
On February 22, 2024, UBS Downgraded SSR Mining Inc (NASDAQ: SSRM) to Neutral. A report published by RBC Capital Mkts on February 20, 2024, Downgraded its rating to ‘Underperform’ for SSRM. RBC Capital Mkts also Downgraded SSRM shares as ‘Sector Perform’, setting a target price of $6 on the company’s shares in a report dated February 15, 2024. Scotiabank February 14, 2024d its ‘Sector Outperform’ rating to ‘Sector Perform’ for SSRM, as published in its report on February 14, 2024. CIBC’s report from February 14, 2024 suggests a price prediction of $6 for SSRM shares, giving the stock a ‘Neutral’ rating. BofA Securities also rated the stock as ‘Underperform’.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Analysis of SSR Mining Inc (SSRM)
With SSRM’s current dividend of $0.07 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -38.60%, showing a negative trend in the upcoming months.
SSR Mining Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -14.33% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.78, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and SSRM has an average volume of 2.97M. On a monthly basis, the volatility of the stock is set at 4.07%, whereas on a weekly basis, it is put at 4.84%, with a gain of 6.94% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.66, showing decline from the present price of $5.70, which can serve as yet another indication of whether SSRM is worth investing in or should be passed over.
How Do You Analyze SSR Mining Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 70.44% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SSRM shares are owned by institutional investors to the tune of 70.44% at present.
