SSR Mining Inc (NASDAQ:SSRM)’s traded shares stood at 0.97 million during the latest session, with the company’s beta value hitting 0.81. At the last check today, the stock’s price was $4.47, to imply an increase of 3.12% or $0.14 in intraday trading. The SSRM share’s 52-week high remains $17.72, putting it -296.42% down since that peak but still an impressive 15.88% since price per share fell to its 52-week low of $3.76. The company has a valuation of $903.98M, with an average of 4.07 million shares in intraday trading volume over the past 10 days and average of 4.87 million shares over the past 3 months.
SSR Mining Inc (NASDAQ:SSRM) trade information
After registering a 3.12% upside in the latest session, SSR Mining Inc (SSRM) has traded red over the past five days. The stock hit a weekly high of 4.44, jumping 3.12% in its intraday price action. The 5-day price performance for the stock is 10.52%, and 4.08% over 30 days. With these gigs, the year-to-date price performance is -58.50%. Short interest in SSR Mining Inc (NASDAQ:SSRM) saw shorts transact 4.48 million shares and set a 0.8 days time to cover.
SSR Mining Inc (SSRM) estimates and forecasts
Looking at statistics comparing SSR Mining Inc share performance against respective industry, we note that the company has underperformed competitors. SSR Mining Inc (SSRM) shares are -65.94% down over the last 6 months, with its year-to-date growth rate lower than industry average at -90.70% against 16.20%. Revenue is forecast to shrink -200.00% this quarter before falling -105.70% for the next one. The rating firms project that company’s revenue will shrink -44.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is $330.32 million. Meanwhile, for the quarter ending Jun 2024, a total of 1 analyst(s) estimate revenue growth to $214.88 million.Earnings reports from the last fiscal year show that sales brought in $363.89 million and $301.03 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -9.20% before dropping -28.60% in the following quarter.
SSRM Dividends
SSR Mining Inc has its next earnings report out between May 02 and May 06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. SSR Mining Inc has a forward dividend ratio of 0.21, with the share yield ticking at 4.70% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
SSR Mining Inc (NASDAQ:SSRM)’s Major holders
SSR Mining Inc insiders hold 0.58% of total outstanding shares, with institutional holders owning 75.24% of the shares at 75.68% float percentage. In total, 75.24% institutions holds shares in the company, led by Van Eck Associates Corporation. As of Dec 30, 2023, the company held over 20.51 million shares (or 10.16% of shares), all amounting to roughly $91.99 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 13.64 million shares, or about 6.76% of shares outstanding. As of the market price on Dec 30, 2023, these shares were worth $61.17 million.
We also have VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF as the top two Mutual Funds with the largest holdings of the SSR Mining Inc (SSRM) shares. Going by data provided on Jan 30, 2024, VanEck ETF Trust-VanEck Gold Miners ETF holds roughly 10.78 million shares. This is just over 5.34% of the total shares, with a market valuation of $48.35 million. Data from the same date shows that the other fund manager holds a little less at 7.53 million, or 3.73% of the shares, all valued at about 33.76 million.
