Ssr Mining Inc. (SSRM)
Summary
SSR Mining: A Proven Playbook And A Fresh War Chest
SSR Mining (SSRM) is now a pure-play Americas gold and silver producer with $2.1B net cash after divesting Çöpler. SSRM's four operating mines generate robust free cash flow, supporting a 10% FCF yield and ongoing capital deployment opportunities. The stock trades at 0.7x NAV with a Buy rating and $40 price target, reflecting confidence in management's acquisition strategy.
SSR Mining's American Rebirth Unlocks Great Value
SSR Mining Inc. offers a compelling buy opportunity, trading at a 0.76x P/NAV discount post-Çöpler sale and portfolio transformation. Çöpler and Hod Maden exits have eliminated major jurisdictional risks, unlocking $1.5 billion in cash and streamlining the asset base for re-rating. Management is returning $800 million to shareholders via buybacks and a reinstated dividend while maintaining a robust $1 billion net cash buffer.
Will SSR Mining (SSRM) Beat Estimates Again in Its Next Earnings Report?
SSR Mining (SSRM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Ssr Mining Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 96 | $2,343.27 | $2,555.26 | $211.99 | 9.05% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 4 | $97.68 | $106.36 | $8.68 | 8.89% |
| WDW William Dudley Webb Jr. WORLD EQUITY GROUP Inc. | 20,406 | $543,232.38 | $546,064.56 | $2,832.18 | 0.52% |
| BG Bart Gancher Intech Investment Management LLC | 50,484 | $903,784.52 | $1.34M | $438,585.04 | 48.53% |
 Bridgewater Associates LP Bridgewater Associates LP | 412,235 | $10.07M | $10.95M | $886,305.21 | 8.8% |
Ssr Mining Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| LW Lawson Winder B of A Securities | 428.82 | $12,500 | $11,108.49 | -$1,391.51 | -11.13% |
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Ssr Mining Inc. Profile
| Metals & Mining Industry | Materials Sector | Rodney Antal CEO | NASDAQ (NGS) Exchange | 784730103 CUSIP |
| US Country | 2,900 Employees | 11 Dec 2023 Last Dividend | - Last Split | 1 Aug 1996 IPO Date |
Overview
SSR Mining Inc. operates in the precious metals sector with a focus on the acquisition, exploration, development, and operation of resource properties. The company has a diversified portfolio of assets across the United States, Türkiye, Canada, and Argentina. Initially known as Silver Standard Resources Inc., it underwent a rebranding in August 2017 to better reflect its broadened focus, adopting the name SSR Mining Inc. The company, which was founded in 1946, is headquartered in Denver, Colorado, evidencing a long-standing presence in the mining industry. SSR Mining is involved in the exploration of gold doré, copper, silver, lead, and zinc, showcasing a diverse range of precious metal resources.
Products and Services
- Gold Doré Exploration
SSR Mining is engaged in the exploration and development of gold doré, a semi-pure alloy of gold and silver, which is further refined to obtain pure gold. This activity forms a core part of their portfolio, reflecting the high demand and value associated with gold.
- Copper Exploration
The company explores for copper deposits, a metal with widespread use in electrical wiring, plumbing, and renewable energy technologies, thus representing a significant aspect of SSR Mining's resource diversification strategy.
- Silver Exploration
SSR Mining seeks out silver deposits, leveraging the precious metal's industrial and investment appeal. Silver's dual role as both an investment vehicle and an industrial metal makes it a valuable component of the company's exploration portfolio.
- Lead and Zinc Exploration
In addition to precious metals, the company is involved in the exploration of lead and zinc, metals that are essential in various industries, including construction, automotive, and manufacturing. This diversification into base metals characterizes SSR Mining's comprehensive approach to resource exploration.
- Mine Operations
SSR Mining operates several mines across different countries. These include the Çöpler Mine in Erzincan province, Türkiye; the Marigold Mine in Nevada, United States; the Seabee Mine in Saskatchewan, Canada; and the Puna Mine in Jujuy province, Argentina. Each of these mining operations contributes to the company's overall gold, copper, silver, lead, and zinc production, bolstering SSR Mining's status as a significant player in the global mining industry.
