SSR Mining (SSRM) AI Stock Analysis

• Market Cap: C$3.22B
• Dividend Yield: 0.76%
• Average Volume (3M): 397.72K
• Price to Earnings (P/E): 28.1
• Beta (1Y): 0.98
• Revenue Growth: -16.65%
• EPS Growth: N/A
• Country: CA
• Employees: 2,300
• Sector: Basic Materials
• Sector Strength: 65
• Industry: Gold
• EPS (TTM): 0.40
• Shares Outstanding: 202,777,980
• 10 Day Avg. Volume: 444,131
• 30 Day Avg. Volume: 397,718
• PEG Ratio: 0.19
• Price to Book (P/B): 0.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -39.86
• Enterprise Value/Market Cap: 0.69
• Enterprise Value/Revenue: 0.50
• Enterprise Value/Gross Profit: 5.08
• Enterprise Value/Ebitda: -2.46
• 1Y Price Target: C$19.26
• Price Target Upside: 21.89% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 68 Neutral
• Price Target: C$16.50 ▲(4.43%Upside)

SSR Mining shows strong potential with improving financials, successful strategic initiatives, and positive technical indicators. While its valuation might appear high, growth prospects and strategic developments support its current market position. The company's challenges in cash flow conversion and high operational costs need to be managed to sustain long-term growth.

Positive Factors

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

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

Guidance

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 is showing financial recovery with improving profit margins and a robust balance sheet. However, the company's growth remains moderate, and there are challenges in converting profits into free cash flow. The overall financial performance is stable, but there's room for improvement in 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
1.08B	995.62M	1.43B	1.15B	1.47B	853.09M
	Gross Profit
434.82M	351.39M	408.77M	358.64M	574.87M	308.64M
	EBIT
121.03M	-322.29M	-130.24M	190.27M	444.38M	202.71M
	EBITDA
248.35M	-175.51M	28.22M	370.97M	776.73M	373.72M
	Net Income Common Stockholders
84.59M	-261.28M	-98.01M	194.14M	368.08M	151.53M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
341.29M	417.35M	513.34M	695.73M	1.06B	887.38M
	Total Assets
5.64B	5.19B	5.39B	5.25B	5.21B	5.24B
	Total Debt
348.01M	345.18M	320.68M	406.59M	487.63M	513.38M
	Net Debt
28.40M	-42.70M	-171.72M	-248.86M	-529.94M	-347.25M
	Total Liabilities
1.64B	1.24B	1.08B	1.13B	1.16B	1.31B
	Stockholders Equity
3.17B	3.11B	3.37B	3.58B	3.54B	3.43B
Cash Flow		Free Cash Flow
-54.70M	-103.40M	198.30M	23.38M	444.18M	179.28M
	Operating Cash Flow
100.30M	40.13M	421.73M	160.90M	608.99M	348.62M
	Investing Cash Flow
-260.59M	-143.12M	-339.26M	-236.28M	-129.14M	180.79M
	Financing Cash Flow
20.41M	6.92M	-182.26M	-271.78M	-319.77M	-173.20M

SSR Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• 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 15.8 is above the 20-day moving average (MA) of 15.09, above the 50-day MA of 14.91, and above the 200-day MA of 11.01, indicating a bullish trend. The MACD of 0.33 indicates Negative momentum. The RSI at 57.25 is Neutral, neither overbought nor oversold. The STOCH value of 92.04 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
OGC	83 Outperform	C$4.28B	10.54	16.21%	0.46%	35.81%	693.32%
DPM	79 Outperform	C$3.56B	12.07	19.71%	1.06%	10.57%	24.23%
KNT	75 Outperform	C$3.36B	13.34	39.28%	―	105.06%	481.75%
TXG	70 Outperform	C$3.84B	20.98	8.12%	―	20.97%	-24.55%
SSRM	68 Neutral	C$3.22B	28.11	2.71%	0.76%	-16.65%	―
CXB	67 Neutral	C$2.75B	30.81	6.74%	―	20.03%	-46.48%
Sector *	50 Neutral	$2.00B	-1.13	-21.16%	3.71%	2.15%	-30.95%

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.

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.