During the last session, SSR Mining Inc (NASDAQ:SSRM)’s traded shares were 3.31 million, with the beta value of the company hitting 0.82. At the end of the trading day, the stock’s price was $4.86, reflecting an intraday gain of 2.53% or $0.12. The 52-week high for the SSRM share is $17.72, that puts it down -264.61 from that peak though still a striking 22.63% gain since the share price plummeted to a 52-week low of $3.76. The company’s market capitalization is $983.96M, and the average intraday trading volume over the past 10 days was 4.03 million shares, and the average trade volume was 5.03 million shares over the past three months.
SSR Mining Inc (NASDAQ:SSRM) trade information
SSR Mining Inc (SSRM) registered a 2.53% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.53% in intraday trading to $4.86, hitting a weekly high. The stock’s 5-day price performance is 8.97%, and it has moved by 10.96% in 30 days. Based on these gigs, the overall price performance for the year is -69.34%. The short interest in SSR Mining Inc (NASDAQ:SSRM) is 4.48 million shares and it means that shorts have 0.8 day(s) to cover.
SSR Mining Inc (SSRM) estimates and forecasts
Statistics show that SSR Mining Inc has underperformed its competitors in share price, compared to the industry in which it operates. SSR Mining Inc (SSRM) shares have gone down -61.37% during the last six months, with a year-to-date growth rate less than the industry average at -90.70% against 18.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -190.00% this quarter and then drop -100.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -44.30% compared to the previous financial year.
Revenue for the current quarter is expected to be $330.32 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $214.88 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $363.89 million and $301.03 million respectively. In this case, analysts expect current quarter sales to shrink by -9.20% and then drop by -28.60% in the coming quarter.
While earnings are projected to return -89.21% in 2024.
SSRM Dividends
SSR Mining Inc is due to release its next quarterly earnings between May 02 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for SSR Mining Inc is 0.21, with the dividend yield indicating at 4.32 percent, continuing the trend of increasing dividends in recent years.
SSR Mining Inc (NASDAQ:SSRM)’s Major holders
SSR Mining Inc insiders own 1.00% of total outstanding shares while institutional holders control 75.20%, with the float percentage being 75.96%. Van Eck Associates Corporation is the largest shareholder of the company, while 385 institutions own stock in it. As of Jun 29, 2023, the company held over 21.0 million shares (or 10.30% of all shares), a total value of $297.74 million in shares.
The next largest institutional holding, with 20.8 million shares, is of Blackrock Inc.’s that is approximately 10.20% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $294.92 million.
Also, the Mutual Funds coming in first place with the largest holdings of SSR Mining Inc (SSRM) shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. Data provided on Sep 29, 2023 indicates that VanEck ETF Trust-VanEck Gold Miners ETF owns about 10.85 million shares. This amounts to just over 5.32 percent of the company’s overall shares, with a $144.14 million market value. The same data shows that the other fund manager holds slightly less at 7.41 million, or about 3.63% of the stock, which is worth about $98.48 million.
