SSRM

SSR MiningTSX:SSRM Stock Report

Market Cap

CA$4.2b

7D

-3.9%

1Y

-27.9%

Updated

20 Sep, 2021

Data

Company Financials +
SSRM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends2/6

SSRM Overview

SSR Mining Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas.

SSR Mining Competitors

Barrick Gold

TSX:ABX

CA$41.6b

Wheaton Precious Metals

TSX:WPM

CA$23.6b

Kirkland Lake Gold

TSX:KL

CA$13.9b

Kinross Gold

TSX:K

CA$8.8b

Price History & Performance

Summary of all time highs, changes and price drops for SSR Mining
Historical stock prices
Current Share PriceCA$19.34
52 Week HighCA$17.29
52 Week LowCA$28.72
Beta1.04
1 Month Change-1.88%
3 Month Change-1.18%
1 Year Change-27.92%
3 Year Change65.58%
5 Year Change16.79%
Change since IPO2,379.49%

Recent News & Updates

Sep 08
Is SSR Mining (TSE:SSRM) Using Too Much Debt?

Is SSR Mining (TSE:SSRM) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Aug 22
Is There An Opportunity With SSR Mining Inc.'s (TSE:SSRM) 49% Undervaluation?

Is There An Opportunity With SSR Mining Inc.'s (TSE:SSRM) 49% Undervaluation?

In this article we are going to estimate the intrinsic value of SSR Mining Inc. ( TSE:SSRM ) by estimating the...

Jul 06
Here's Why I Think SSR Mining (TSE:SSRM) Might Deserve Your Attention Today

Here's Why I Think SSR Mining (TSE:SSRM) Might Deserve Your Attention Today

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

SSRMCA Metals and MiningCA Market
7D-3.9%-5.2%-2.7%
1Y-27.9%-11.6%29.3%

Return vs Industry: SSRM underperformed the Canadian Metals and Mining industry which returned -14.6% over the past year.

Return vs Market: SSRM underperformed the Canadian Market which returned 28.9% over the past year.

Price Volatility

Is SSRM's price volatile compared to industry and market?
SSRM volatility
SSRM Beta1.04
Industry Beta1.08
Market Beta1

Stable Share Price: SSRM is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SSRM's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19461,484Rod Antalhttps://www.ssrmining.com

SSR Mining Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, lead, and zinc deposits. Its projects include the Çöpler Gold mine located in Erzincan, Turkey; the Marigold mine located in Humboldt and Lander Counties, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.

Valuation

Is SSR Mining undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SSRM (CA$19.34) is trading below our estimate of fair value (CA$39.11)

Significantly Below Fair Value: SSRM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SSRM is poor value based on its PE Ratio (14.5x) compared to the Canadian Metals and Mining industry average (10.4x).

PE vs Market: SSRM is poor value based on its PE Ratio (14.5x) compared to the Canadian market (12.8x).


Price to Earnings Growth Ratio

PEG Ratio: SSRM is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: SSRM is good value based on its PB Ratio (0.9x) compared to the CA Metals and Mining industry average (2.5x).


Future Growth

How is SSR Mining forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

16.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SSRM's forecast earnings growth (16.1% per year) is above the savings rate (1.5%).

Earnings vs Market: SSRM's earnings (16.1% per year) are forecast to grow faster than the Canadian market (12.2% per year).

High Growth Earnings: SSRM's earnings are forecast to grow, but not significantly.

Revenue vs Market: SSRM's revenue is expected to decline over the next 3 years (-2.2% per year).

High Growth Revenue: SSRM's revenue is forecast to decline over the next 3 years (-2.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SSRM's Return on Equity is forecast to be low in 3 years time (7.5%).


Past Performance

How has SSR Mining performed over the past 5 years?

37.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SSRM has high quality earnings.

Growing Profit Margin: SSRM's current net profit margins (16.6%) are higher than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: SSRM has become profitable over the past 5 years, growing earnings by 37.9% per year.

Accelerating Growth: SSRM's earnings growth over the past year (284.6%) exceeds its 5-year average (37.9% per year).

Earnings vs Industry: SSRM earnings growth over the past year (284.6%) exceeded the Metals and Mining industry 116%.


Return on Equity

High ROE: SSRM's Return on Equity (5.9%) is considered low.


Financial Health

How is SSR Mining's financial position?


Financial Position Analysis

Short Term Liabilities: SSRM's short term assets ($1.4B) exceed its short term liabilities ($228.2M).

Long Term Liabilities: SSRM's short term assets ($1.4B) exceed its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: SSRM's debt to equity ratio (9.1%) is considered satisfactory.

Reducing Debt: SSRM's debt to equity ratio has reduced from 24% to 9.1% over the past 5 years.

Debt Coverage: SSRM's debt is well covered by operating cash flow (154.8%).

Interest Coverage: SSRM's interest payments on its debt are well covered by EBIT (20.7x coverage).


Balance Sheet


Dividend

What is SSR Mining current dividend yield, its reliability and sustainability?

1.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SSRM's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.64%).

High Dividend: SSRM's dividend (1.32%) is low compared to the top 25% of dividend payers in the Canadian market (4.51%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether SSRM's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if SSRM's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (8.9%), SSRM's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SSRM's dividends in 3 years are forecast to be thoroughly covered by earnings (14.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Rod Antal (54 yo)

1

Tenure

US$4,011,873

Compensation

Mr. Rodney P. Antal, also known as Rod, B.Bus., Accountancy, CPA, serves as President and Chief Executive Officer at SSR Mining Inc. since September 2020 and serves as its Director since September 16, 2020...


CEO Compensation Analysis

Compensation vs Market: Rod's total compensation ($USD4.01M) is above average for companies of similar size in the Canadian market ($USD2.93M).

Compensation vs Earnings: Insufficient data to compare Rod's compensation with company performance.


Leadership Team

Experienced Management: SSRM's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: SSRM's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SSRM insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SSR Mining Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: SSR Mining Inc.
  • Ticker: SSRM
  • Exchange: TSX
  • Founded: 1946
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$4.185b
  • Shares outstanding: 214.30m
  • Website: https://www.ssrmining.com

Number of Employees


Location

  • SSR Mining Inc.
  • 1055 Dunsmuir Street
  • Suite 800
  • Vancouver
  • British Columbia
  • V7X 1G4
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/20 22:30
End of Day Share Price2021/09/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.