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SSR Mining Inc.
SSRM Details
SSR Mining Inc. (NASDAQ: SSRM) is a precious metals mining company with four operating properties: Çöpler Gold Mine (Turkey), Marigold Mine (USA), Seabee Gold Operation (Canada), and Puna Operations (Argentina). It primarily produces gold, silver, lead, and zinc concentrates and is involved in the discovery, extraction, processing, reclamation, and other associated operations. As of January 21, 2022, the company's market capitalization stood at USD 3.66 billion.
Latest News:
Q3FY21 Results:
Key Risks:
Outlook:
Valuation Methodology: EV / EBITDA Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
SSRM Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
SSRM's stock price has soared 11.50% in the past six months and is currently trading close to the mid-point of its 52-week range of USD 13.68 to USD 20.06. The stock is currently trading between its 50 and 200 DMA levels, and its RSI Index is at 49.32. We have valued the stock using the EV/EBITDA-based relative valuation methodology and arrived at a target price of USD 15.22.
Considering the uptick in the stock price, current valuation, and technical indicators, we believe the decent business fundamentals are adequately reflected at current trading levels. Hence, we recommend a "Sell" rating on the stock at the closing price of USD 17.06, down 1.27%, as of January 21, 2022.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.