We recently published 10 Firms Outperform Wall Street With Surprising Gains. SSR Mining Inc. (NASDAQ:SSRM) was one of the best performers on Thursday. SSR Mining rallied for a second day on Thursday to hit a nearly 15-year high as investors took heart from a stellar earnings performance last year, supported by the early redemption of its senior convertible notes due 2039. At intra-day trading, the stock jumped to its highest price of $29.68 before trimming a few cents to finish the session just up by 9.4 ...

Core Viewpoint - HudBay Minerals (HBM) is expected to report a significant year-over-year improvement in earnings for Q4 2025, with an estimated EPS of 40 cents, reflecting a 122.2% increase from 18 cents in Q4 2024 [1][2]. Financial Estimates - The Zacks Consensus Estimate for Q4 2025 EPS is 0.40, with a range of estimates from 0.32 to 0.46 [2]. - Year-over-year growth estimates for EPS are 122.22% for Q4 2025, 62.50% for Q1 2026, 75.00% for the current year, and 86.97% for the next year [2]. Earnings Surprise History - HudBay Minerals has beaten Zacks Consensus Estimates in two of the last four quarters, with an average surprise of 40.68% [3][4]. Factors Influencing Q4 Performance - The anticipated recovery in Q4 performance is attributed to deferred copper shipments and strong production in October, alongside effective cost controls and high gold prices [7][10]. - A deferral of 20,000-tonne copper concentrate shipment from Peru is expected to positively impact sales [8]. - Despite challenges in Q3 due to wildfires and social unrest, the operational environment is characterized as manageable, with strong production in October [9]. Production and Cost Management - Gold production is projected to slightly fall below guidance due to a power outage, but operational efficiency has improved, with cash costs declining to $379 per ounce [10][12]. - Cost-control initiatives have led to a tightening of cash cost guidance, which is expected to support earnings [12]. Market Performance - HudBay Minerals shares have increased by 225.5% over the past year, outperforming the industry growth of 48.9% and the S&P 500's return of 13.6% [15]. - The company has also outperformed peers like SSR Mining and Wheaton Precious Metals, which saw share increases of 146.3% and 105%, respectively [17].

Group 1: Financial Performance - The company maintained a conservative reserve price assumption of $1,700 per ounce for gold, focusing on margin preservation rather than volume expansion through lower cutoff grades [1] - The integration of CC&V generated over $200 million in mine site free cash flow in 2025, more than doubling the initial acquisition cost of $100 million [2] - The company generated $252 million in full-year free cash flow, supporting a robust liquidity position of over $1 billion for growth capital and shareholder returns [2] Group 2: Production and Guidance - The company delivered 2025 production above the midpoint of guidance, driven by record processing volumes at Puna and exceptional recovery performance at Cripple Creek and Victor (CC&V) [3] - The 2026 production guidance is set at 450,000 to 535,000 gold equivalent ounces, with CC&V production expected to be 50% to 55% weighted to the second half of the year [3] - Seabee production is anticipated to be approximately 60% weighted to the second half of 2026 [3] Group 3: Project Development - The Hod Maden project advanced through a Technical Report Summary (TRS) confirming its status as a high-grade, first-quartile copper-gold asset with a 39% IRR [1] - A formal construction decision for Hod Maden is anticipated following joint venture reviews, with early site works currently funded at approximately $15 million per month [3] - The planned 2026 capital spend of $150 million includes significant fleet replacements and leach pad expansions at Marigold to support long-term haulage requirements [3] Group 4: Strategic Focus - The strategic focus at Puna involves evaluating pit laybacks and the Cortaderas underground deposit to extend the mine life beyond the current 2028 projection [3] - An updated Marigold TRS is expected to be released within 18 months to integrate the Buffalo Valley and New Millennium deposits into the long-term production profile [3]

Market Overview - US stock futures showed gains, indicating a reduction in AI-related fears among investors, with S&P 500 futures up by 0.5%, Nasdaq 100 futures up by 0.6%, and Dow Jones Industrial Average futures up by 0.4% [1] - Technology stocks are beginning to recover after a challenging period, particularly for software companies, as investors consider the long-term implications of AI on business models and competition [2] Federal Reserve Insights - Attention is focused on the Federal Reserve's January meeting minutes for insights into economic outlook and interest rate decisions, with expectations of three rate cuts while markets anticipate at least two reductions this year [3] Corporate Earnings - Earnings reports from DoorDash, eBay, and Analog Devices are scheduled for release, which may influence market sentiment [3] Company-Specific Developments - CH Robinson faced a significant stock sell-off due to AI market dynamics, despite the company's strong fundamentals and its proactive use of AI to reduce costs [6] - Berkshire Hathaway made a multibillion-dollar investment in The New York Times, signaling confidence in the publisher's strategy, while divesting from other newspaper holdings [8] - Palo Alto Networks stock fell by 7% after cutting its full-year earnings outlook, while Western Digital's stock rose by 2% following its announcement to raise $3.17 billion by selling its stake in Sandisk [10] - SSR Mining reported a 7% increase in stock value after announcing higher fourth-quarter adjusted earnings and a projected 10% increase in gold-equivalent production [11] - Nvidia's stock rose as it announced a partnership with Meta for the purchase of millions of AI chips, enhancing their collaboration [12] International Developments - Japan plans to invest up to $36 billion in US oil, gas, and critical mineral projects as part of a broader $550 billion trade agreement, aimed at strengthening supply chains [14]

DENVER--(BUSINESS WIRE)--SSR Mining Inc. (Nasdaq/TSX: SSRM) ("SSR Mining" or the "Company") reports consolidated financial results for the fourth quarter and full-year ended December 31, 2025, as well as updated Mineral Reserves and Mineral Resources ("MRMR†) as of December 31, 2025 and full-year 2026 operating guidance. (1) Consolidated operating results: Fourth quarter 2025 production was 120,267 gold equivalent ounces at consolidated cost of sales of $1,613 per payable ounce and AISC of $2,2. ...

Group 1 - SSR Mining's stock is highly correlated with gold prices, experiencing fluctuations in line with gold market trends [1][2] - Gold prices reached an all-time high of $5,419.80 per ounce on January 28, then fell to around $4,500 in early February, currently sitting at $4,871 [2] - Silver prices also peaked on January 28 at $116.58 per ounce, but have since declined and are currently at $72.95, failing to recover above $80 [3] Group 2 - SSR Mining is expected to report Q4 earnings, with analysts predicting earnings of $0.57 per share and full-year earnings of $1.72, suggesting a price-to-earnings ratio of 15 if the stock remains below $26 [4] - The stock is projected to double its profits annually over the next five years, indicating potential for growth despite current price volatility [4] - SSR Mining was not included in a recent list of the top 10 stocks recommended by the Motley Fool Stock Advisor, which may indicate a lack of confidence in its short-term performance compared to other investment opportunities [6]

Core Viewpoint - SSR Mining Inc. is considered one of the most undervalued gold stocks, with mixed analyst opinions on its price target and performance [1][2]. Group 1: Analyst Ratings and Price Targets - Bank of America reduced its price target for SSR Mining to $21 from $21.50 while maintaining an Underperform rating, following a 1.5% decrease in the firm's total attributable net asset value estimate due to an updated technical report for the Hod Maden project [1]. - UBS analyst Levi Spry increased the price target for SSR Mining to $38.50 from $34.50 and maintained a Buy rating, indicating a more optimistic outlook compared to Bank of America [2]. Group 2: Production and Financial Performance - In Q3 2025, SSR Mining produced 103,000 gold equivalent ounces, with gold sales benefiting from an average realized price exceeding $3,500 per ounce, leading to a net income of $65.4 million, or $0.31 per diluted share [3]. - The production results varied across the portfolio, with Marigold producing 36,000 ounces and the Poona silver site contributing 2.4 million ounces, although challenges were noted at the Marigold site regarding ore fines and at the CB site due to lower-than-expected grades [3]. Group 3: Company Overview - SSR Mining Inc. engages in the acquisition, exploration, and development of precious metal resource properties in the US, Türkiye, Canada, and Argentina, focusing on gold doré, copper, silver, lead, and zinc deposits [4].

Group 1 - The core viewpoint of the articles indicates a rebound in gold and silver prices, with significant pre-market gains for various precious metal companies, driven by a weaker dollar and a bullish long-term outlook on gold from several banks and asset management firms [1][2]. Group 2 - Austin Gold saw a pre-market increase of 6.99%, while Namib Minerals rose by 5.92%, and Pan American Silver increased by 3.21% [2]. - The current spot gold price has risen to slightly above $5000, following a volatile market period characterized by sharp price fluctuations [1]. - Fidelity International's fund manager, who sold before the recent drop, is preparing to buy again, and PIMCO's commodity management team believes the upward trend for gold remains intact [1].

Core Insights - SSR Mining's stock has declined 5.4% recently and is down 19% from its all-time high of over $28 reached on January 28 [1][3] - The drop in stock price is attributed to falling gold and silver prices, with gold prices dropping from an all-time high of $5,419.80 per ounce to below $4,660, and silver prices falling from $116.58 to $76.82 [3][4] Company Performance - SSR Mining's stock currently trades at 24 times trailing earnings, but its forward P/E ratio is less than 6 due to higher gold and silver prices compared to last year [6] - Earnings are forecasted to more than double next year, resulting in a PEG ratio of about 0.2, indicating potential for growth [6] Market Context - The decline in the prices of gold and silver directly impacts SSR Mining's stock performance, as lower product prices typically lead to lower stock valuations [5] - Despite the recent downturn, SSR Mining's stock is viewed as a potential buy due to its favorable earnings outlook [7]

Core Insights - Spot gold prices have surged to over $5,000 per ounce, significantly impacting gold mining stocks like SSR Mining, which have seen even greater price appreciation due to operating leverage [1][2] - SSR Mining shares have increased by over 190% in the past year, while gold prices have risen by 72%, indicating a strong correlation between gold prices and mining stock performance [2] - The company owns profitable operating mines in various countries, including the U.S., Canada, Turkey, and Argentina, positioning it well in the market [3] Financial Performance - SSR Mining's revenue for Q3 2025 reached $385.8 million, a 49.9% increase from $257.4 million in Q3 2024, while net income surged by 813.6% to $57.1 million from $6.25 million [4] - Earnings per share (EPS) rose to $0.32 in Q3 2025, a 540% increase from $0.05 in Q3 2024 [4] - Annual sales are projected to rise from $1.6 billion to $2.4 billion, a growth of over 56%, with full-year earnings expected to increase from $1.74 per share in 2025 to $4.07 per share in 2026, reflecting the impact of rising gold prices [4] Market Outlook - Despite a potential pullback in gold prices, there is speculation about a further rally, which could lead to SSR Mining's stock price reaching $50 per share, more than double its current price [2][5] - The macroeconomic environment, including potential changes in monetary policy, may influence gold prices and, consequently, the performance of gold mining stocks [5][7]