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SSR Mining

DB:ZSV
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZSV
DB
CA$2B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

SSR Mining Inc. engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The last earnings update was 41 days ago. More info.


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ZSV Share Price and Events
7 Day Returns
7.5%
DB:ZSV
-0.6%
DE Metals and Mining
0.7%
DE Market
1 Year Returns
34.1%
DB:ZSV
-42.5%
DE Metals and Mining
-8.7%
DE Market
ZSV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SSR Mining (ZSV) 7.5% 14.4% -1.2% 34.1% 13.4% 81.4%
DE Metals and Mining -0.6% -2.2% -8.2% -42.5% -26.9% -35.1%
DE Market 0.7% -1.2% 0.2% -8.7% 10% 8.1%
1 Year Return vs Industry and Market
  • ZSV outperformed the Metals and Mining industry which returned -42.5% over the past year.
  • ZSV outperformed the Market in Germany which returned -8.7% over the past year.
Price Volatility
ZSV
Industry
5yr Volatility vs Market

Value

 Is SSR Mining undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SSR Mining to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SSR Mining.

DB:ZSV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ZSV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 26.5%) (17.81%))
1.114
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.114 * 5.96%)
6.87%

Discounted Cash Flow Calculation for DB:ZSV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SSR Mining is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:ZSV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.87%)
2019 45.38 Analyst x4 42.47
2020 111.74 Analyst x6 97.84
2021 134.49 Analyst x4 110.19
2022 151.99 Est @ 13.01% 116.52
2023 165.94 Est @ 9.18% 119.04
2024 176.72 Est @ 6.49% 118.62
2025 184.87 Est @ 4.61% 116.12
2026 190.97 Est @ 3.3% 112.24
2027 195.51 Est @ 2.38% 107.52
2028 198.89 Est @ 1.73% 102.35
Present value of next 10 years cash flows $1,042.91
DB:ZSV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $198.89 × (1 + 0.23%) ÷ (6.87% – 0.23%)
$3,001.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,001.65 ÷ (1 + 6.87%)10
$1,544.67
DB:ZSV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,042.91 + $1,544.67
$2,587.58
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,587.58 / 121.25
$32.41
DB:ZSV Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:SSRM)
1.335
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $21.34 x 1.335
CA$28.49
Non-primary Listing Adjustment Factor 1 share in DB:ZSV represents 0.65856x of TSX:SSRM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.65856x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 28.49 x 0.65856
€18.76
Value per share (EUR) From above. €18.76
Current discount Discount to share price of €11.27
= -1 x (€11.27 - €18.76) / €18.76
40%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price SSR Mining is available for.
Intrinsic value
40%
Share price is €11.27 vs Future cash flow value of €18.76
Current Discount Checks
For SSR Mining to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SSR Mining's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SSR Mining's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SSR Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SSR Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ZSV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.12
TSX:SSRM Share Price ** TSX (2019-06-19) in CAD CA$17.11
TSX:SSRM Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.749 $12.82
Europe Metals and Mining Industry PE Ratio Median Figure of 105 Publicly-Listed Metals and Mining Companies 9.72x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.53x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SSR Mining.

DB:ZSV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:SSRM Share Price ÷ EPS (both in USD)

= 12.82 ÷ 0.12

106.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SSR Mining is overvalued based on earnings compared to the Europe Metals and Mining industry average.
  • SSR Mining is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does SSR Mining's expected growth come at a high price?
Raw Data
DB:ZSV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 106.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
66.5%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 64 Publicly-Listed Metals and Mining Companies 0.63x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

DB:ZSV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 106.66x ÷ 66.5%

1.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SSR Mining is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SSR Mining's assets?
Raw Data
DB:ZSV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $8.48
TSX:SSRM Share Price * TSX (2019-06-19) in CAD CA$17.11
TSX:SSRM Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.749 $12.82
Germany Metals and Mining Industry PB Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 3.16x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.78x
DB:ZSV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:SSRM Share Price ÷ Book Value per Share (both in USD)

= 12.82 ÷ 8.48

1.51x

* Primary Listing of SSR Mining.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SSR Mining is good value based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess SSR Mining's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. SSR Mining has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is SSR Mining expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
66.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SSR Mining expected to grow at an attractive rate?
  • SSR Mining's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • SSR Mining's earnings growth is expected to exceed the Germany market average.
  • SSR Mining's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ZSV Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ZSV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 66.5%
DB:ZSV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 7.7%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 47.2%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ZSV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ZSV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 646 291 1
2022-12-31 658 290 1
2021-12-31 648 227 138 2
2020-12-31 581 204 69 3
2019-12-31 516 135 36 4
DB:ZSV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 449 48 14
2018-12-31 421 60 6
2018-09-30 425 109 26
2018-06-30 416 104 20
2018-03-31 429 125 53
2017-12-31 449 145 69
2017-09-30 468 174 66
2017-06-30 506 196 103
2017-03-31 507 189 78
2016-12-31 491 171 65
2016-09-30 454 117 -14
2016-06-30 388 65 -111

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SSR Mining's earnings are expected to grow significantly at over 20% yearly.
  • SSR Mining's revenue is expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ZSV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from SSR Mining Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ZSV Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.43 0.43 0.43 1.00
2022-12-31 0.82 0.82 0.82 1.00
2021-12-31 1.14 1.14 1.14 1.00
2020-12-31 0.42 0.42 0.42 1.00
2019-12-31 0.36 0.36 0.36 1.00
DB:ZSV Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.12
2018-12-31 0.05
2018-09-30 0.21
2018-06-30 0.17
2018-03-31 0.44
2017-12-31 0.58
2017-09-30 0.55
2017-06-30 0.86
2017-03-31 0.69
2016-12-31 0.63
2016-09-30 -0.15
2016-06-30 -1.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SSR Mining will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess SSR Mining's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SSR Mining has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has SSR Mining performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SSR Mining's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SSR Mining has delivered over 20% year on year earnings growth in the past 5 years.
  • SSR Mining's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SSR Mining's 1-year earnings growth is negative, it can't be compared to the Europe Metals and Mining industry average.
Earnings and Revenue History
SSR Mining's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SSR Mining Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ZSV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 449.02 14.47 48.06
2018-12-31 420.68 6.38 46.95
2018-09-30 424.84 25.75 34.73
2018-06-30 415.82 20.44 35.20
2018-03-31 428.77 52.64 30.51
2017-12-31 448.77 69.32 36.29
2017-09-30 468.21 65.57 38.76
2017-06-30 505.59 102.54 34.97
2017-03-31 507.38 77.70 43.24
2016-12-31 490.99 64.96 36.64
2016-09-30 454.26 -13.90 45.33
2016-06-30 388.07 -111.36 45.83
2016-03-31 365.11 -131.10 41.04
2015-12-31 375.32 -124.30 41.48
2015-09-30 407.56 -143.80 43.05
2015-06-30 409.64 -101.96 44.10
2015-03-31 378.11 -104.86 41.89
2014-12-31 300.12 -126.39 43.05
2014-09-30 226.32 -15.38 52.18
2014-06-30 190.99 -12.11 49.65
2014-03-31 159.36 -237.90 48.82
2013-12-31 174.69 -230.02 43.97
2013-09-30 212.44 -231.87 31.49
2013-06-30 242.02 -219.15 33.44
2013-03-31 251.78 51.81 34.44
2012-12-31 241.12 55.33 36.36
2012-09-30 168.71 34.97 29.62
2012-06-30 121.34 58.39 28.72

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SSR Mining has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SSR Mining used its assets less efficiently than the Europe Metals and Mining industry average last year based on Return on Assets.
  • SSR Mining has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess SSR Mining's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SSR Mining has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is SSR Mining's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SSR Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SSR Mining is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SSR Mining's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SSR Mining's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SSR Mining Company Filings, last reported 2 months ago.

DB:ZSV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,062.62 276.77 493.99
2018-12-31 1,005.98 247.55 448.75
2018-09-30 996.29 243.86 481.23
2018-06-30 993.13 240.23 502.39
2018-03-31 985.33 236.69 516.74
2017-12-31 1,023.93 233.18 573.87
2017-09-30 988.96 229.81 533.75
2017-06-30 994.14 226.50 528.12
2017-03-31 953.44 223.26 531.22
2016-12-31 901.88 220.05 476.07
2016-09-30 920.20 216.98 455.66
2016-06-30 891.90 213.96 425.84
2016-03-31 456.30 213.11 312.45
2015-12-31 447.18 212.36 300.05
2015-09-30 526.27 208.99 307.84
2015-06-30 576.83 206.37 315.10
2015-03-31 577.73 205.48 267.09
2014-12-31 579.25 203.06 289.43
2014-09-30 810.38 194.57 233.62
2014-06-30 871.69 192.05 282.54
2014-03-31 837.74 189.58 545.28
2013-12-31 689.48 187.13 544.92
2013-09-30 852.92 184.79 544.16
2013-06-30 860.18 182.49 570.81
2013-03-31 1,118.89 180.22 490.01
2012-12-31 1,052.44 135.81 401.68
2012-09-30 1,035.78 133.07 398.79
2012-06-30 1,020.92 130.41 385.77
  • SSR Mining's level of debt (25.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (22.6% vs 25.7% today).
  • Debt is not well covered by operating cash flow (17.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess SSR Mining's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SSR Mining has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from SSR Mining dividends. Estimated to be 0% next year.
If you bought €2,000 of SSR Mining shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate SSR Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SSR Mining's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ZSV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ZSV Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 3.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as SSR Mining has not reported any payouts.
  • Unable to verify if SSR Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of SSR Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SSR Mining has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of SSR Mining's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess SSR Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SSR Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SSR Mining has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of SSR Mining's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul Benson
COMPENSATION $2,147,135
AGE 55
TENURE AS CEO 3.8 years
CEO Bio

Mr. Paul Benson, B.Sc in Geology, B.Eng. in Mining, M.Sc in Management serves as President and Chief Executive Officer and a Member of the Board of Directors of SSR Mining Inc. since August 1, 2008. He served as the Chief Executive Officer of Troy Resources Limited from October 3, 2007 to July 2014 and its Managing Director from September 13, 2010 to July 2014. Mr. Benson has over 20 years of experience in the mining industry having. He served as the Chief Development Officer for Base Metals Division at BHP Billiton Limited from 2004 to September 2007 and served as its Vice-President of Business Development at Base Metals Division from 2001 to September employed with BHP Billiton for the last 7 years. In his 20 year career in the mining industry, he worked for RGC Ltd at Renison Tin and Mt Lyell Copper 2007. He was in Tasmania and at its mineral sands operation in WA; for BP Coal in NSW; for Rio Tinto at Neves Corvo in Portugal and Hamersley Iron; and for BHP Billiton in its base metals and uranium divisions both in Australia and overseas. Mr. Benson has been a Non- Executive Director of Azimuth Resources Limited since July 04, 2013. He has been a Director of Resources Limited since September 13, 2010 and served as its Executive Director from October 3, 2007 to November 2009. Mr. Benson holds a Bachelor of Science in Geology and Exploration Geophysics and a Bachelor of Engineering in Mining, both from the University of Sydney, and a Sloan Masters of Science in Management from the London Business School.

CEO Compensation
  • Paul's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Paul's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the SSR Mining management team in years:

3.8
Average Tenure
50
Average Age
  • The tenure for the SSR Mining management team is about average.
Management Team

Paul Benson

TITLE
President
COMPENSATION
$2M
AGE
55
TENURE
3.8 yrs

Greg Martin

TITLE
Senior VP & CFO
COMPENSATION
$1M
AGE
50
TENURE
7.4 yrs

Kevin O'Kane

TITLE
Senior VP & COO
COMPENSATION
$1M
TENURE
1 yrs

W. DeCooman

TITLE
Senior Vice President of Business Development & Strategy
COMPENSATION
$698K
AGE
48
TENURE
0.5 yrs

David Wiens

TITLE
Director of Corporate Finance

Stacey Pavlova

TITLE
Investor Relations Manager

Nadine Block

TITLE
Senior Vice President of Human Resources
TENURE
4.9 yrs

F. Edmunds

TITLE
Vice President of Exploration

James Carver

TITLE
Chief Geologist of Marigold Mine

Matthew Langford

TITLE
Corporate Secretary
Board of Directors Tenure

Average tenure and age of the SSR Mining board of directors in years:

3.8
Average Tenure
58
Average Age
  • The tenure for the SSR Mining board of directors is about average.
Board of Directors

Mike Anglin

TITLE
Chairman of the Board
COMPENSATION
$228K
AGE
62
TENURE
2.1 yrs

Paul Benson

TITLE
President
COMPENSATION
$2M
AGE
55
TENURE
3.8 yrs

Gustavo Herrero

TITLE
Independent Director
COMPENSATION
$152K
AGE
70
TENURE
6.4 yrs

Bev Park

TITLE
Independent Director
COMPENSATION
$131K
AGE
56
TENURE
5.1 yrs

Brian Booth

TITLE
Independent Director
COMPENSATION
$135K
AGE
58
TENURE
3.1 yrs

Elizabeth Wademan

TITLE
Independent Director
COMPENSATION
$131K
AGE
42
TENURE
1.4 yrs

Dick Paterson

TITLE
Independent Director
COMPENSATION
$143K
AGE
75
TENURE
10.8 yrs

Steve Reid

TITLE
Independent Director
COMPENSATION
$139K
AGE
62
TENURE
6.4 yrs

Simon Fish

TITLE
Independent Director
COMPENSATION
$131K
AGE
56
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by SSR Mining insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Mar 19 Buy Elizabeth Wademan Individual 25. Mar 19 25. Mar 19 1,350 €11.82 €15,956
X
Management checks
We assess SSR Mining's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SSR Mining has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

SSR Mining Inc. engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina. The company was formerly known as Silver Standard Resources Inc. and changed its name to SSR Mining Inc. in August 2017. SSR Mining Inc. was founded in 1946 and is based in Vancouver, Canada.

Details
Name: SSR Mining Inc.
ZSV
Exchange: DB
Founded: 1946
CA$1,385,229,824
121,249,662
Website: http://www.ssrmining.com
Address: SSR Mining Inc.
1055 Dunsmuir Street,
Suite 800,
Vancouver,
British Columbia, V7X 1G4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX SSRM Common Shares The Toronto Stock Exchange CA CAD 07. Jan 1980
NasdaqGS SSRM Common Shares Nasdaq Global Select US USD 07. Jan 1980
DB ZSV Common Shares Deutsche Boerse AG DE EUR 07. Jan 1980
LSE 0VGE Common Shares London Stock Exchange GB CAD 07. Jan 1980
Number of employees
Current staff
Staff numbers
1,359
SSR Mining employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 21:38
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/06
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.