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

SSR Mining Inc (NASDAQ: SSRM) on Monday, soared 7.19% from the previous trading day, before settling in for the closing price of $11.83. Within the past 52 weeks, SSRM’s price has moved between $4.32 and $11.89.

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Basic Materials Sector giant saw their annual sales surged by 10.41% over the last five years. The company achieved an average annual earnings per share of 285.13%. With a float of $200.15 million, this company’s outstanding shares have now reached $202.54 million.

The firm has a total of 3500 workers. Let’s measure their productivity. In terms of profitability, gross margin is 36.1%, operating margin of 11.19%, and the pretax margin is 11.37%.

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

Observing investor behavior towards Gold industry stocks is more important than anything else. The insider ownership of SSR Mining Inc is 1.29%, while institutional ownership is 67.97%. 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

According to the Wall Street analysts, stocks earnings will be around 285.13% per share during the next fiscal year.

SSR Mining Inc (NASDAQ: SSRM) Trading Performance Indicators

SSR Mining Inc (SSRM) is currently performing well based on its current performance indicators. A quick ratio of 1.85 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.38.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.40, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 1.97 in one year’s time.

Technical Analysis of SSR Mining Inc (SSRM)

Analysing the last 5-days average volume posted by the [SSR Mining Inc, SSRM], we can find that recorded value of 2.54 million was lower than the volume posted last year of 2.55 million. As of the previous 9 days, the stock’s Stochastic %D was 93.49%. Additionally, its Average True Range was 0.49.

During the past 100 days, SSR Mining Inc’s (SSRM) raw stochastic average was set at 98.78%, which indicates a significant increase from 97.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.67% in the past 14 days, which was lower than the 57.04% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $10.69, while its 200-day Moving Average is $7.96. Now, the first resistance to watch is $12.93. This is followed by the second major resistance level at $13.17. The third major resistance level sits at $13.60. If the price goes on to break the first support level at $12.26, it is likely to go to the next support level at $11.83. Now, if the price goes above the second support level, the third support stands at $11.59.

SSR Mining Inc (NASDAQ: SSRM) Key Stats

Market capitalization of the company is 2.57 billion based on 202,778K outstanding shares. Right now, sales total 995,620 K and income totals -261,280 K. The company made 316,620 K in profit during its latest quarter, and 58,780 K in sales during its previous quarter.

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