SSR Mining Stock To $32?

SSR Mining (SSRM) stock has fallen 6.6% during the past day, and is currently trading at $24.09. Our multi-factor assessment suggests that it may be time to buy more shares of SSRM stock. We have, overall, a positive view of the stock, and a price of $32 may not be out of reach. We believe there is not much to fear in SSRM stock given its overall strong operating performance and financial condition. Considering stock's moderate valuation, we think it is attractive.

Below is our assessment:

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Let's get into details of each of the assessed factors but before that, for quick background: With $4.9 Bil in market cap, SSR Mining provides acquisition, exploration, development, and operation of precious metal resource properties, focusing on gold, silver, copper, lead, and zinc deposits across Turkey and the Americas.

[1] Valuation Looks Moderate

This table highlights how SSRM is valued vs broader market. For more details see: SSRM Valuation Ratios

[2] Growth Is Very Strong

• SSR Mining has seen its top line grow at an average rate of 19.2% over the last 3 years
• Its revenues have grown 64% from $996 Mil to $1.6 Bil in the last 12 months
• Also, its quarterly revenues grew 61.4% to $522 Mil in the most recent quarter from $323 Mil a year ago.

This table highlights how SSRM is growing vs broader market. For more details see: SSRM Revenue Comparison

[3] Profitability Appears Strong

• SSRM last 12 month operating income was $469 Mil representing operating margin of 28.8%
• With cash flow margin of 29.0%, it generated nearly $472 Mil in operating cash flow over this period
• For the same period, SSRM generated nearly $396 Mil in net income, suggesting net margin of about 24.3%

This table highlights how SSRM profitability vs broader market. For more details see: SSRM Operating Income Comparison

[4] Financial Stability Looks Strong

• SSRM Debt was $378 Mil at the end of the most recent quarter, while its current Market Cap is $4.9 Bil. This implies Debt-to-Equity Ratio of 7.6%
• SSRM Cash (including cash equivalents) makes up $576 Mil of $6.1 Bil in total Assets. This yields a Cash-to-Assets Ratio of 9.4%

[5] Downturn Resilience Is Weak

SSRM has fared worse than the S&P 500 index during various economic downturns. We assess this based on both (a) how much the stock fell and, (b) how quickly it recovered.

2022 Inflation Shock

• SSRM stock fell 56.9% from a high of $24.42 on 20 April 2022 to $10.53 on 12 December 2023 vs. a peak-to-trough decline of 25.4% for the S&P 500.
• However, the stock fully recovered to its pre-Crisis peak by 29 September 2025
• Since then, the stock increased to a high of $33.26 on 4 March 2026 , and currently trades at $24.09

2020 Covid Pandemic

• SSRM stock fell 44.1% from a high of $19.26 on 1 January 2020 to $10.77 on 20 March 2020 vs. a peak-to-trough decline of 33.9% for the S&P 500.
• However, the stock fully recovered to its pre-Crisis peak by 15 May 2020

2008 Global Financial Crisis

• SSRM stock fell 86.5% from a high of $45.70 on 6 November 2007 to $6.19 on 27 October 2008 vs. a peak-to-trough decline of 56.8% for the S&P 500.
• The stock is yet to recover to its pre-Crisis high

But the risk is not limited to major market crashes. Stocks fall even when markets are good - think events like earnings, business updates, outlook changes. Read SSRM Dip Buyer Analyses to see how the stock has recovered from sharp dips in the past.

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