SSR Mining (SSRM) AI Stock Analysis

• Market Cap: $2.80B
• Dividend Yield: 0.76%
• Average Volume (3M): 519.12K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.97
• Revenue Growth: -29.09%
• EPS Growth: -157.10%
• Country: CA
• Employees: 2,300
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Gold
• EPS (TTM): -1.74
• Shares Outstanding: 202,537,750
• 10 Day Avg. Volume: 302,367
• 30 Day Avg. Volume: 519,116
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.12
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 8.94
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $15.64
• Price Target Upside: 13.06% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 9

SSR Mining's overall stock score reflects a mix of financial and operational challenges weighed against promising growth prospects. The company's declining revenues and cash flow issues are primary concerns, yet its strategic acquisitions and strong balance sheet provide a foundation for potential recovery. Technical indicators suggest current weakness, but corporate events offer a positive outlook.

Positive Factors

Acquisition

SSR acquires CC&V from Newmont, raising target.

Free Cash Flow

Q4’24 free cash flow was $56m, better vs. forecasts and up substantially from the previous period.

Gold Production

Gold production of 89 thousand ounces was better than that forecast by BofAe, BBG, and VA.

Negative Factors

Earnings Performance

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

Guidance Delay

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

SSR Mining Business Overview & Revenue Model

Company Description

SSR Mining Inc. (SSRM) is a Canadian-based mining company engaged in the exploration, development, and production of precious metals, primarily focusing on gold and silver. The company operates a diverse portfolio of high-quality, long-life mines and projects located across the Americas and Turkey. SSR Mining is committed to delivering sustainable growth and long-term value through disciplined management of its operations and investments in exploration and development projects.

How the Company Makes Money

SSR Mining generates revenue primarily through the extraction and sale of gold and silver. The company operates several mines, each contributing to its overall production output. Revenue is largely driven by the volume of precious metals produced and the prevailing market prices for gold and silver. SSR Mining also engages in exploration activities to discover and develop new mineral resources, which can enhance future revenue potential. Additionally, the company may enter into strategic partnerships or joint ventures to optimize operations, share risks, and capitalize on new opportunities. Commodity price fluctuations, operational efficiency, and cost management are significant factors influencing the company's earnings.

SSR Mining Financial Statement Overview

Summary

SSR Mining faces financial challenges with declining revenues and profitability. The income statement indicates losses due to high operating expenses. While the balance sheet shows low leverage, recent losses have affected return on equity. Cash flow generation is weak, with negative free cash flow raising liquidity concerns.

Income Statement

SSR Mining's revenue has seen a downward trend, decreasing significantly from $1.47 billion in 2021 to $995.6 million in 2024. Gross profit margin has also deteriorated, from 38.9% in 2021 to 35.3% in 2024. The net profit margin turned negative, indicating losses for the last two years, primarily due to high operating expenses. The EBIT and EBITDA margins have been consistently negative since 2023, highlighting operational challenges. Overall, the income statement reflects declining revenue and profitability, posing significant concerns.

Balance Sheet

SSR Mining maintains a strong balance sheet with a debt-to-equity ratio of around 0.11 in 2024, showcasing a low leverage position. The equity ratio remained stable at approximately 59.9%, reflecting a robust equity base. However, the return on equity has become negative due to recent losses, indicating inefficiencies in generating returns for shareholders. While the company has managed liabilities well, the negative ROE is a concerning factor.

Cash Flow

The cash flow statement reveals a concerning trend, with free cash flow dropping from $198 million in 2023 to -$103 million in 2024. Operating cash flow has also decreased significantly, impacting the company's ability to generate cash internally. The free cash flow to net income ratio has been negative, reflecting cash flow struggles. Although the company had a positive operating cash flow to net income ratio in 2023, this has declined sharply in 2024, raising red flags about cash generation capabilities.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
995.62M	1.43B	1.15B	1.47B	853.09M
	Gross Profit
351.39M	408.77M	358.64M	574.87M	308.64M
	EBIT
-322.29M	-130.24M	190.27M	444.38M	202.71M
	EBITDA
-175.51M	28.22M	370.97M	776.73M	373.72M
	Net Income Common Stockholders
-261.28M	-98.01M	194.14M	368.08M	151.53M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
417.35M	513.34M	695.73M	1.06B	887.38M
	Total Assets
5.19B	5.39B	5.25B	5.21B	5.24B
	Total Debt
345.18M	320.68M	406.59M	487.63M	513.38M
	Net Debt
-42.70M	-171.72M	-248.86M	-529.94M	-347.25M
	Total Liabilities
1.24B	1.08B	1.13B	1.16B	1.31B
	Stockholders Equity
3.11B	3.37B	3.58B	3.54B	3.43B
Cash Flow		Free Cash Flow
-103.40M	198.30M	23.38M	444.18M	179.28M
	Operating Cash Flow
40.13M	421.73M	160.90M	608.99M	348.62M
	Investing Cash Flow
-143.12M	-339.26M	-236.28M	-129.14M	180.79M
	Financing Cash Flow
6.92M	-182.26M	-271.78M	-319.77M	-173.20M

SSR Mining Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.83
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SSRM, the sentiment is Negative. The current price of 13.83 is below the 20-day moving average (MA) of 14.29, below the 50-day MA of 14.68, and above the 200-day MA of 10.36, indicating a neutral trend. The MACD of -0.10 indicates Positive momentum. The RSI at 42.72 is Neutral, neither overbought nor oversold. The STOCH value of 25.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SSRM.

SSR Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
K	80 Outperform	$23.91B	18.37	14.66%	0.87%	23.38%	131.87%
AEM	78 Outperform	C$77.61B	23.31	11.45%	1.44%	32.68%	419.46%
NGD	74 Outperform	$4.19B	22.95	14.62%	―	23.61%	―
ELD	74 Outperform	$5.19B	12.99	8.91%	―	41.46%	187.54%
ABX	68 Neutral	$43.72B	15.15	9.00%	2.20%	15.40%	72.49%
SSRM	57 Neutral	$2.80B	―	-8.06%	0.76%	-29.09%	-157.10%
Sector *	49 Neutral	$1.95B	-1.27	-21.38%	3.72%	0.83%	-29.30%

SSR Mining Corporate Events

SSR Mining to Release Q1 2025 Financial Results and Host Shareholder Meeting

SSR Mining Inc. has announced that it will release its first quarter 2025 consolidated financial results on May 6, 2025, after the market closes. The company will also hold a conference call and webcast on the same day to discuss the results, providing an opportunity for investors, media, and the public to engage with the company’s financial performance. Additionally, SSR Mining will conduct its Annual Meeting of Shareholders virtually on May 8, 2025, which could impact shareholder engagement and company transparency.

Spark’s Take on TSE:SSRM Stock

According to Spark, TipRanks’ AI Analyst, TSE:SSRM is a Neutral.

SSR Mining’s overall stock score reflects a mixed financial position with declining revenues and profitability. The company has a strong balance sheet but faces challenges in cash flow generation. Technical indicators show moderate bullish sentiment, while valuation metrics are less favorable due to recent losses. The earnings call provided a positive outlook with strategic acquisitions and operational achievements, but challenges remain. Overall, the stock score suggests potential for recovery if operational efficiencies and cash flows improve.

To see Spark’s full report on TSE:SSRM stock, click here.

SSR Mining Projects Over 10% Growth in 2025 Production

SSR Mining has announced its 2025 operating guidance, projecting a production increase of over 10% year-over-year with an expected output of 410,000 to 480,000 gold equivalent ounces. The recent acquisition of CC&V is expected to contribute significantly to this growth. The company is also advancing the Hod Maden project with a planned capital expenditure of $60 to $100 million. These developments position SSR Mining for substantial production growth and strong cash flows, reinforcing its status as a leading mid-tier gold producer.

SSR Mining Projects Over 10% Growth in 2025 with Strategic Acquisitions and Developments

SSR Mining has announced its 2025 operating guidance, projecting a production increase of over 10% year-over-year, with expectations of 410,000 to 480,000 gold equivalent ounces. The recent acquisition of CC&V is set to enhance production growth and cash flow, while the Hod Maden project in Türkiye is progressing towards a construction decision. The company maintains a strong balance sheet and is focused on extending mine lives and delivering growth across its portfolio.