SSR Mining (SSRM) AI Stock Analysis

• Market Cap: C$4.77B
• Dividend Yield: 0.76%
• Average Volume (3M): 439.48K
• Price to Earnings (P/E): 22.0
• Beta (1Y): 1.11
• Revenue Growth: 9.52%
• EPS Growth: N/A
• Country: CA
• Employees: 2,300
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Gold
• EPS (TTM): 0.70
• Shares Outstanding: 202,780,230
• 10 Day Avg. Volume: 470,679
• 30 Day Avg. Volume: 439,482
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$21.57
• Price Target Upside: -8.30% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 9

• Rating: 73 Outperform
• Price Target: C$25.00 ▲(6.29% Upside)

SSR Mining's strong technical indicators and positive earnings call insights drive its overall score. Financial performance is solid but tempered by cash flow concerns and operational volatility. Valuation is moderate, with no dividend yield to enhance appeal.

Positive Factors

Balance Sheet

SSR's portfolio has strong cash generating capabilities, underpinned by the Marigold mine in Nevada and the recently acquired CC&V mine in Colorado, which position the company as the third largest US gold producer.

Financial Performance

EBITDA totaled $149.2 million, 73% ahead of the forecast.

Production Performance

SSR Mining reported a strong start to 2025 with production and costs significantly better than analyst estimates.

Negative Factors

Earnings

Adjusted EPS came in substantially below estimates, with higher depreciation as a key component of the miss.

Guidance Concerns

Updated guidance is delayed until the closing of the CC&V acquisition, causing some concern vs. current forecasts.

Operational Uncertainty

Any potential restart of operations at Çöpler carries significant uncertainty, creating an overhang on SSRM shares.

SSR Mining Business Overview & Revenue Model

Company Description

SSR Mining Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, copper, lead, and zinc deposits. Its projects include the Çöpler Gold mine located in Erzincan, Turkey; the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina. The company was formerly known as Silver Standard Resources Inc. and changed its name to SSR Mining Inc. in August 2017. SSR Mining Inc. was incorporated in 1946 and is based in Denver, Colorado.

How the Company Makes Money

SSR Mining generates revenue primarily through the sale of gold and silver produced at its mining operations. The company operates several mines, which allow it to produce a significant amount of precious metals that are sold on the open market. Key revenue streams include the sale of doré (a semi-pure alloy of gold and silver) and refined gold and silver. Additionally, SSR Mining benefits from hedging strategies that can mitigate price volatility and secure favorable prices for its production. The company may also enter into partnerships or joint ventures with other mining companies or stakeholders, enhancing its operational capabilities and access to resources. Factors contributing to its earnings include the global demand for precious metals, operational efficiency, cost management, and the successful execution of its exploration and development projects.

SSR Mining Financial Statement Overview

Summary

SSR Mining shows signs of financial recovery with improving margins and a robust balance sheet. However, growth is moderate, and cash flow conversion remains a challenge. The company is financially stable, but performance improvement is needed to enhance profitability and cash flow generation.

Income Statement

In the TTM period, SSR Mining's gross profit margin stands at 40.17%, indicating effective cost control. The net profit margin improved to 7.82%, rebounding from a negative margin in the previous annual period. However, the revenue growth rate of 8.66% compared to the last annual report suggests moderate growth. The EBIT margin is 11.19%, showing an improvement from negative figures, but the EBITDA margin of 22.95% remains lower than industry leaders. Overall, profitability is recovering, but growth remains moderate.

Balance Sheet

SSR Mining's balance sheet shows stability with a debt-to-equity ratio of 0.11, indicating low leverage and reduced financial risk. The return on equity (ROE) is 2.67% for the TTM, reflecting modest returns on equity capital. The equity ratio is 56.13%, demonstrating a strong equity base relative to total assets. While the company has a strong balance sheet, the ROE suggests room for improvement in generating returns.

Cash Flow

The free cash flow growth rate is negative, as free cash flow declined from the previous period. The operating cash flow to net income ratio is 1.19 for the TTM, indicating adequate cash generation from operations. However, the free cash flow to net income ratio is negative, reflecting challenges in converting profits into free cash flow. The cash flow situation is stable but could benefit from higher free cash flow generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.30B	995.62M	1.43B	1.15B	1.47B	853.09M
Gross Profit	585.85M	351.39M	408.77M	498.29M	878.35M	308.64M
EBITDA	349.00M	-175.51M	28.22M	441.40M	661.81M	324.93M
Net Income	164.97M	-261.28M	-98.01M	194.14M	368.08M	151.53M
Balance Sheet
Total Assets	5.80B	5.19B	5.39B	5.25B	5.21B	5.24B
Cash, Cash Equivalents and Short-Term Investments	438.49M	417.35M	513.34M	695.73M	1.06B	887.38M
Total Debt	356.63M	345.18M	327.22M	406.59M	487.63M	513.38M
Total Liabilities	1.71B	1.24B	1.08B	1.13B	1.16B	1.31B
Stockholders Equity	3.26B	3.11B	3.37B	3.58B	3.54B	3.43B
Cash Flow
Free Cash Flow	159.99M	-103.40M	198.30M	23.38M	444.18M	179.28M
Operating Cash Flow	336.28M	40.13M	421.73M	160.90M	608.99M	348.62M
Investing Cash Flow	-297.41M	-143.12M	-339.26M	-236.28M	-129.14M	180.79M
Financing Cash Flow	26.78M	6.92M	-182.26M	-271.78M	-319.77M	-173.20M

SSR Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.52
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SSRM, the sentiment is Positive. The current price of 23.52 is above the 20-day moving average (MA) of 20.07, above the 50-day MA of 18.43, and above the 200-day MA of 14.15, indicating a bullish trend. The MACD of 1.58 indicates Negative momentum. The RSI at 73.26 is Negative, neither overbought nor oversold. The STOCH value of 83.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SSRM.

SSR Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SSRM	73 Outperform	C$4.77B	22.04	5.20%	0.76%	9.52%	―
Sector *	43 Neutral	C$945.77M	-8.95	0.05%	2.62%	22.54%	-44.12%
OCANF	―	$3.74B	10.12	19.95%	0.53%	―	―
DPM	82 Outperform	C$3.99B	12.16	20.48%	0.87%	19.55%	36.19%
KNT	78 Outperform	C$3.57B	12.15	45.10%	―	131.16%	648.58%
CXB	69 Neutral		―		―	20.03%	-46.48%
TORXF	―	$2.49B	12.03	12.84%	―	―	―

SSR Mining Corporate Events

SSR Mining Reports Robust Q2 2025 Financial Results and Operational Progress

SSR Mining Inc. reported strong financial results for the second quarter of 2025, with a net income of $90.1 million and significant cash flow generation. The integration of CC&V has been successful, contributing positively to the company’s cash flow. The company is working on extending the Puna mine life and advancing the restart of the Çöpler mine, although the timeline for Çöpler’s resumption remains uncertain.

SSR Mining to Release Q2 2025 Financial Results on August 5

SSR Mining Inc. has announced the release of its second quarter 2025 consolidated financial results, scheduled for August 5, 2025, after market close. The announcement will be followed by a conference call and webcast, inviting investors, media, and the public to participate, indicating the company’s commitment to transparency and stakeholder engagement.