SSRM Stock Summary and Trading Ideas (SSR Mining | NASDAQ:SSRM)

SSR Mining Inc is a minerals company focused on mining precious metals in the Americas. More than half of Silver Standard's revenue is attributable to the production of gold, with a key portion derived from silver production. The company owns and operates the Marigold mine in Nevada, United States; the Seabee Gold Operation in Saskatchewan, Canada; and the Puna mine in Argentina. The majority of gold production is derived from the Marigold mine, and Silver Standard's silver production is principally derived from the Puna mine.

SSR Mining trades on the NASDAQ stock market under the symbol SSRM.

As of May 6, 2024, SSRM stock price climbed to $5.39 with 1,198,331 million shares trading.

SSRM has a beta of 0.08, meaning it tends to be less sensitive to market movements. SSRM has a correlation of 0.00 to the broad based SPY ETF.

SSRM has a market cap of $1.10 billion. This is considered a Small Cap stock.

Last quarter SSR Mining reported $426 million in Revenue and $.59 earnings per share. This beat revenue expectation by $12 million and exceeded earnings estimates by $.26.

In the last 3 years, SSRM stock traded as high as $24.58 and as low as $3.76.

The top ETF exchange traded funds that SSRM belongs to (by Net Assets): GDX, GDXJ, SIL, FXZ, ARGT.

SSRM has underperformed the market in the last year with a price return of -63.5% while the SPY ETF gained +27.8%. SSRM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -43.5% and +0.9%, respectively, while the SPY returned +4.5% and +4.0%, respectively.

SSRM support price is $5.15 and resistance is $5.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SSRM stock will trade within this expected range on the day.