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The closing price of SSR Mining Inc (NASDAQ: SSRM) was $5.37 for the day, up 0.56% from the previous closing price of $5.34. In other words, the price has increased by $0.56 from its previous closing price. On the day, 1.61 million shares were traded. SSRM stock price reached its highest trading level at $5.385 during the session, while it also had its lowest trading level at $5.25.
Ratios:
Our analysis of SSRM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.46. For the most recent quarter (mrq), Quick Ratio is recorded 1.75 and its Current Ratio is at 3.07. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.10.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on February 22, 2024, Downgraded its rating to Neutral and sets its target price to $5 from $17 previously.
On February 20, 2024, RBC Capital Mkts Downgraded its rating to Underperform which previously was Sector Perform and also lowered its target price recommendation from $6 to $3.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on February 15, 2024, whereas the target price for the stock was revised from $14 to $6.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 07 ’24 when Ebbett John sold 2,076 shares for $4.52 per share. The transaction valued at 9,384 led to the insider holds 30,205 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SSRM now has a Market Capitalization of 1085223296 and an Enterprise Value of 1773201280. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.81 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at 1.321 whereas that against EBITDA is 9.429.
Stock Price History:
The Beta on a monthly basis for SSRM is 0.72, which has changed by -0.6359322 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, SSRM has reached a high of $15.27, while it has fallen to a 52-week low of $3.76. The 50-Day Moving Average of the stock is 6.42%, while the 200-Day Moving Average is calculated to be -31.29%.
Shares Statistics:
SSRM traded an average of 3.57M shares per day over the past three months and 2555430 shares per day over the past ten days. A total of 202.95M shares are outstanding, with a floating share count of 199.86M. Insiders hold about 1.10% of the company’s shares, while institutions hold 66.13% stake in the company. Shares short for SSRM as of 1719532800 were 8458046 with a Short Ratio of 2.37, compared to 1717113600 on 8318101. Therefore, it implies a Short% of Shares Outstanding of 8458046 and a Short% of Float of 4.7.
Dividends & Splits
With its trailing 12-month dividend rate of 0.21, SSRM has a forward annual dividend rate of 0.14. Against a Trailing Annual Dividend Yield of 0.03932584
