Let’s look at the key reasons that are pushing SSR Mining Inc (SSRM) to new highs

SSR Mining Inc (NASDAQ: SSRM) kicked off on Tuesday, up 4.43% from the previous trading day, before settling in for the closing price of $9.49. Over the past 52 weeks, SSRM has traded in a range of $3.90-$10.91.

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During the last 5-year period, the sales growth of Basic Materials Sector giant was 17.07%. While this was happening, its average annual earnings per share was recorded 343.47%. With a float of $199.64 million, this company’s outstanding shares have now reached $202.37 million.

Let’s determine the extent of company efficiency that accounts for 3500 employees. In terms of profitability, gross margin is 0.83%, operating margin of -27.2%, and the pretax margin is -33.55%.

SSR Mining Inc (SSRM) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Gold Industry. The insider ownership of SSR Mining Inc is 1.36%, while institutional ownership is 66.61%. The most recent insider transaction that took place on Jan 03 ’25, was worth 48,130. In this transaction EVP, Ops & Sustainability of this company sold 6,722 shares at a rate of $7.16, taking the stock ownership to the 265,711 shares.

SSR Mining Inc (SSRM) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.29 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 343.47% per share during the next fiscal year.

SSR Mining Inc (NASDAQ: SSRM) Trading Performance Indicators

Take a look at SSR Mining Inc’s (SSRM) current performance indicators. Last quarter, stock had a quick ratio of 2.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.01.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.29, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 1.80 in one year’s time.

Technical Analysis of SSR Mining Inc (SSRM)

Looking closely at SSR Mining Inc (NASDAQ: SSRM), its last 5-days average volume was 2.22 million, which is a drop from its year-to-date volume of 2.66 million. As of the previous 9 days, the stock’s Stochastic %D was 32.31%. Additionally, its Average True Range was 0.49.

During the past 100 days, SSR Mining Inc’s (SSRM) raw stochastic average was set at 82.91%, which indicates a significant increase from 35.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.18% in the past 14 days, which was lower than the 59.67% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $8.60, while its 200-day Moving Average is $6.32. However, in the short run, SSR Mining Inc’s stock first resistance to watch stands at $10.05. Second resistance stands at $10.19. The third major resistance level sits at $10.42. If the price goes on to break the first support level at $9.68, it is likely to go to the next support level at $9.45. Now, if the price goes above the second support level, the third support stands at $9.31.

SSR Mining Inc (NASDAQ: SSRM) Key Stats

The company with the Market Capitalisation of 2.01 billion has total of 202,386K Shares Outstanding. Its annual sales at the moment are 995,620 K in contrast with the sum of -261,280 K annual income. Company’s last quarter sales were recorded 323,190 K and last quarter income was 5,550 K.