Short term estimates and forecasts for SSR Mining Inc. (SSRM) – Marketing Sentinel

Short term estimates and forecasts for SSR Mining Inc. (SSRM)

SSR Mining Inc. (NASDAQ:SSRM) has a beta value of 1.04 and has seen 1,952,981 shares traded in the last trading session. The company, currently valued at $3.67 Billion, closed the last trade at $16.64 per share which meant it gained $0.78 on the day or 4.92% during that session. The SSRM stock price is -52.16% off its 52-week high price of $25.32 and 20.31% above the 52-week low of $13.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.84 Million shares traded. The 3-month trading volume is 1.98 Million shares.

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The consensus among analysts is that SSR Mining Inc. (SSRM) is a Buy stock at the moment, with a recommendation rating of 2.3. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. None out of 9 have rated it as a Hold, with 8 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.

SSR Mining Inc. (NASDAQ:SSRM) trade information

Sporting 4.92% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, May 03 when the SSRM stock price touched $16.77- or saw a rise of 0.78%. Year-to-date, SSR Mining Inc. shares have moved -17.26%, while the 5-day performance has seen it change 1.59%. Over the past 30 days, the shares of SSR Mining Inc. (NASDAQ:SSRM) have changed 9.33%. Short interest in the company has seen 8.06 Million shares shorted with days to cover at 4.07.

Wall Street analysts have a consensus price target for the stock at $25.11, which means that the shares’ value could jump 50.9% from current levels. The projected low price target is $19.91 while the price target rests at a high of $31.3. In that case, then, we find that the current price level is +88.1% off the targeted high while a plunge would see the stock lose 19.65% from current levels.

SSR Mining Inc. (SSRM) estimates and forecasts

Figures show that SSR Mining Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -8.22% over the past 6 months, with this year growth rate of 23.4%, compared to 28.8% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -100% and -54.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be -1.3%.

2 analysts offering their estimates for the company have set an average revenue estimate of $100.34 Million for the current quarter. 1 have an estimated revenue figure of $112.61 Million for the next quarter concluding in June 01, 2018. Year-ago sales stood $117.91 Million and $116.98 Million respectively for this quarter and the next, and analysts expect sales will grow by -14.9% for the current quarter and -3.7% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +20.4% over the past 5 years. Earnings growth for 2021 is a modest +73.7%.

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SSRM Dividends

SSR Mining Inc. is expected to release its next earnings report between May 06 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.2 at a share yield of 1.26%.

SSR Mining Inc. (NASDAQ:SSRM)’s Major holders

Insiders own 0.81% of the company shares, while shares held by institutions stand at 59.97% with a share float percentage of 60.46%. Investors are also buoyed by the number of investors in a company, with SSR Mining Inc. having a total of 346 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 25.38 Million shares worth more than $510.29 Million. As of December 30, 2020, Van Eck Associates Corporation held 11.53% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 8.49 Million shares as of December 30, 2020. The firm’s total holdings are worth over $170.67 Million and represent 3.86% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are VanEck Vectors ETF Tr-Gold Miners ETF and VanEck Vectors ETF Tr-Junior Gold Miners ETF. As of March 30, 2021, the former fund manager holds about 4.9% shares in the company for having 10772480 shares of worth $153.83 Million while later fund manager owns 9.46 Million shares of worth $135.05 Million as of March 30, 2021, which makes it owner of about 4.3% of company’s outstanding stock.

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