Ssr Mining Stock Today
| SSRM Stock | CAD 7.38 0.02 0.27% |
Performance0 of 100
| Odds Of DistressLess than 44
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SSR Mining is selling at 7.38 as of the 2nd of May 2024; that is -0.27% down since the beginning of the trading day. The stock's open price was 7.4. SSR Mining has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for SSR Mining are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of April 2024 and ending today, the 2nd of May 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
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 Inc. was incorporated in 1946 and is based in Denver, Colorado. The company has 202.09 M outstanding shares of which 4.21 M shares are at this time shorted by private and institutional investors with about 6.2 days to cover all short positions. More on SSR Mining
Moving against SSR Stock
| 0.66 | L | Loblaw Companies | PairCorr |
| 0.52 | NA | National Bank | PairCorr |
| 0.42 | RY | Royal Bank | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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SSR Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. SSR Mining's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SSR Mining or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Paul Benson | ||||
| Business Concentration | Metals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) | ||||
SSR Mining's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to SSR Mining's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand SSR Mining's financial leverage. It provides some insight into what part of SSR Mining's total assets is financed by creditors.
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SSR Mining (SSRM) is traded on Toronto Exchange in Canada and employs 2,500 people. SSR Mining is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.5 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate SSR Mining's market, we take the total number of its shares issued and multiply it by SSR Mining's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. SSR Mining operates under Metals & Mining sector and is part of Materials industry. The entity has 202.09 M outstanding shares of which 4.21 M shares are at this time shorted by private and institutional investors with about 6.2 days to cover all short positions.
SSR Mining has accumulated about 655.45 M in cash with 421.73 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.62.
Check SSR Mining Probability Of Bankruptcy
Ownership AllocationSSR Mining maintains a total of 202.09 Million outstanding shares. The majority of SSR Mining outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in SSR Mining to benefit from reduced commissions. Accordingly, institutions are subject to a different set of regulations than regular investors in SSR Mining. Please pay attention to any change in the institutional holdings of SSR Mining as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check SSR Ownership Details
SSR Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of SSR Mining jumping above the current price in 90 days from now is about 49.5%. The SSR Mining probability density function shows the probability of SSR Mining stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the stock has a beta coefficient of 4.3265. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, SSR Mining will likely underperform. Additionally, sSR Mining has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of SSR Mining to move above the current price in 90 days from now is about 49.5 (This SSR Mining probability density function shows the probability of SSR Stock to fall within a particular range of prices over 90 days) .
SSR Mining Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. SSR Mining market risk premium is the additional return an investor will receive from holding SSR Mining long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in SSR Mining. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although SSR Mining's alpha and beta are two of the key measurements used to evaluate SSR Mining's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 3.07 | |||
| Standard Deviation | 7.22 | |||
| Variance | 52.11 | |||
| Risk Adjusted Performance | (0.03) |
SSR Stock Against Markets
Picking the right benchmark for SSR Mining stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in SSR Mining stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for SSR Mining is critical whether you are bullish or bearish towards SSR Mining at a given time. Please also check how SSR Mining's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in SSR Mining without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
| All Next | Launch Module |
SSR Mining Corporate Directors
SSR Mining corporate directors refer to members of a SSR Mining board of directors. The board of directors generally takes responsibility for the SSR Mining's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of SSR Mining's board members must vote for the resolution. The SSR Mining board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Elizabeth Wademan | Independent Director | Profile | |
| Richard Paterson | Independent Director | Profile | |
| Simon Fish | Independent Director | Profile | |
| Gustavo Herrero | Independent Director | Profile |
How to buy SSR Stock?
Before investing in SSR Mining, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in SSR Mining. To buy SSR Mining stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of SSR Mining. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase SSR Mining stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located SSR Mining stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased SSR Mining stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as SSR Mining, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy SSR Stock please use our How to Invest in SSR Mining guide.
Already Invested in SSR Mining?
The danger of trading SSR Mining is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SSR Mining is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SSR Mining. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SSR Mining is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether SSR Mining is a strong investment it is important to analyze SSR Mining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SSR Mining's future performance. For an informed investment choice regarding SSR Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SSR Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in SSR Stock, please use our How to Invest in SSR Mining guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for SSR Stock analysis
When running SSR Mining's price analysis, check to measure SSR Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SSR Mining is operating at the current time. Most of SSR Mining's value examination focuses on studying past and present price action to predict the probability of SSR Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SSR Mining's price. Additionally, you may evaluate how the addition of SSR Mining to your portfolios can decrease your overall portfolio volatility.
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