Investors with an interest in Mining - Miscellaneous stocks have likely encountered both SSR Mining (SSRM) and Wheaton Precious Metals Corp. (WPM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy ...

Investors in SSR Mining Inc. (SSRM) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $10 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also me ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of ...

The price trend for SSR Mining (SSRM) has been bearish lately and the stock has lost 18% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts a ...

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for SSR Mining imply an improvement in the company's underlying business ...

Investors interested in stocks from the Mining - Miscellaneous sector have probably already heard of SSR Mining (SSRM) and Wheaton Precious Metals Corp. (WPM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. SSR Mining and Wheaton Precious Metals Corp. are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors shou ...

Core Insights - Silver Standard Resources (SSRM) is currently rated 2 (Buy) by Zacks and has a Value grade of A, indicating strong potential for value investors [5][6] - The stock has a Forward P/E ratio of 11.70, which is lower than the industry average of 12.99, suggesting it may be undervalued [5] - SSRM's PEG ratio stands at 0.66, which is below the industry average of 0.80, further indicating potential undervaluation [3][6] Financial Metrics - Over the past 52 weeks, SSRM's Forward P/E has fluctuated between a high of 51.17 and a low of 9.84, with a median of 16.03 [5] - SSRM's PEG ratio has ranged from a high of 4.48 to a low of 0.54, with a median of 1.14 over the past year [3] Investment Strategy - Value investing remains a popular strategy, focusing on fundamental analysis to identify stocks perceived as undervalued by the market [2] - The Zacks Rank emphasizes earnings estimates and revisions, while also considering value, growth, and momentum trends to identify strong investment opportunities [4]

Should you buy SSR Mining stock after its 50%-plus fall this year? UBS expects gold prices to boom, SSR Mining stock set to more than double Analysts from UBS upgraded SSR Mining stock's price target to $10.20 per share from $8 a share. With the gold stock trading below $5 per share as of this writing, UBS's new price target implies a stock price jump of more than 100% over the next 12 months. UBS expects gold prices to hit $2,800 per ounce by the end of 2025, driven by several factors, including macroecono ...

Financial Data and Key Metrics Changes - The company recorded an attributable net loss of $1.42 per share in Q1 2024, reflecting the financial impacts of the Copler incident [8] - Adjusted net income per share was $0.11, with operating cash flow of $25 million and negative free cash flow of $9 million [8] - Total cash position at the end of Q1 was $467 million, with an additional undrawn revolving credit facility available [8] Business Line Data and Key Metrics Changes - Q1 2024 production was 102,000 gold equivalent ounces at an all-in sustaining cost of $1,569 per ounce, with 80,000 ounces from Marigold, Seabee, and Puna [6] - Marigold produced 35,000 ounces in Q1, with an all-in sustaining cost of $1,430 per ounce, in line with expectations [20] - Seabee produced 24,000 ounces at an all-in sustaining cost of $1,416 per ounce, slightly better than planned due to processing higher-grade material [21] - Puna produced 1.9 million ounces of silver, slightly lower than expected due to significant rainfall, but remains on track for full-year guidance of 8.75 million to 9.5 million ounces [9] Market Data and Key Metrics Changes - The company expects the second quarter to be the highest cost and lowest production period of the year due to the production profile being back half weighted [7] - The remediation work at Copler is expected to cost between $250 million to $300 million, in addition to approximately $25 million already spent since the incident [17][19] Company Strategy and Development Direction - The company is focused on recovery efforts at Copler, including recovery of missing colleagues, containment efforts, and remediation planning [4][5] - Future plans include the construction of a long-term storage facility for displaced heap leach material and the permanent closure of the heap leach pad [17] - The sulfide plant is anticipated to initially process more than 700,000 ounces of gold from sulfide stockpiles while remediation work is completed [18] Management's Comments on Operating Environment and Future Outlook - Management expressed condolences for the families affected by the Copler incident and emphasized the focus on recovery efforts [5] - The company is well-positioned to fund future remediation work with a solid liquidity position [18] - Management noted that it is too early to provide guidance on when the mine will restart, as it depends on the reinstatement of environmental permits [18][32] Other Important Information - The company recorded charges totaling $288 million related to the Copler incident, including future remediation costs and legal contingencies [19] - An impairment of $76 million was recorded for heap-leach inventory and $38 million for obsolete heap leach equipment [19] Q&A Session Summary Question: Does the remediation cost of $250 million to $300 million include care and maintenance costs? - Management confirmed that care and maintenance costs are around $17 million per quarter and will be considered going forward [11] Question: Was the winter program on the ice road successful? - Management reported a successful winter program, achieving better efficiency and outcomes than in previous years [24] Question: Are the remediation plans approved by the government? - Management indicated that the estimates are based on advanced engineering design and discussions with government stakeholders [37] Question: Will environmental permits be applied for during remediation? - Management stated that it is early to determine the exact pathway for permits and the timeline for operations [32] Question: Is there a concern regarding convertible notes related to the incident? - Management confirmed that there are no current concerns regarding the convertible notes related to the incident [46]

News Release May 8, 2024 SSR MINING REPORTS FIRST QUARTER 2024 RESULTS DENVER - SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ("SSR Mining" or the "Company") reports consolidated financial results for the first quarter ended March 31, 2024, as well as an update on the February 13, 2024 incident at the Çöpler mine (the "Çöpler Incident"). Çöpler Update Our primary focus at Çöpler continues to be the return of our missing colleagues to their families. Following the recovery of four of our missing colleagues, r ...