SSR Mining's Stock Declines Amid Gold Price Fluctuations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2024
0mins
Should l Buy SSRM?
Source: Coinmarketcap
SSRM's stock fell 14.62% as it crossed below the 5-day SMA, reflecting a significant market reaction.
The decline follows a week of volatile gold prices, which surged to a record high before retreating, impacting gold-related stocks like SSR Mining. Despite a positive analyst outlook from UBS, which raised the price target to $38.50, the stock's sensitivity to gold price fluctuations has led to a notable drop in value.
This price movement highlights the challenges SSR Mining faces in maintaining investor confidence amid market volatility, despite strong fundamentals and positive projections for future earnings.
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Analyst Views on SSRM
Wall Street analysts forecast SSRM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SSRM is 25.07 USD with a low forecast of 18.70 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
3 Buy
3 Hold
1 Sell
Moderate Buy
Current: 22.530
Low
18.70
Averages
25.07
High
29.00
Current: 22.530
Low
18.70
Averages
25.07
High
29.00
About SSRM
SSR Mining Inc. and its subsidiaries is a precious metals mining company with four assets located in the United States, Turkiye, Canada and Argentina. The Company is primarily engaged in the operation, acquisition, exploration and development of precious metal resource properties located in Turkiye and the Americas. The Company produces gold dore as well as copper, silver, lead and zinc concentrates. Its operations consist of four mine sites-Copler, located in Erzincan Province, Turkiye (Copler), Marigold, located in Nevada, United States (Marigold), Seabee, located in Saskatchewan, Canada (Seabee), and Puna, located in Jujuy Province, Argentina. The Company also participates in exploration and development activities at properties located in the United States, Argentina, Canada and Turkiye. The Copler Property is comprised of the Copler Mine, Greater Cakmaktepe Mine, and associated processing facilities. The Company also owns Cripple Creek & Victor gold mine.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
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SSR Mining Stock Drops 19% Amid Falling Gold and Silver Prices
- Stock Decline: SSR Mining's shares have dropped 5.4% over the past week, currently priced at $22.89, marking a 19% decline since hitting an all-time high of $28 on January 28, indicating market sensitivity to metal price fluctuations.
- Gold Price Plunge: Gold prices fell from $5,419.80 per ounce on January 28 to $4,660 by Monday, although they have slightly recovered to $4,879.10, the decline directly impacts SSR Mining's profitability.
- Silver Price Struggles: Silver prices have also seen significant volatility, dropping from $116.58 per ounce on January 28 to $79.21, and currently at $76.82, exacerbating market concerns regarding SSR Mining's future earnings.
- Analyst Perspective: Despite the low stock price, analysts suggest that SSR Mining's forward P/E ratio is below 6, with earnings expected to double next year, resulting in a PEG ratio of about 0.2, indicating potential investment value and a buying opportunity.
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- Stock Performance: SSR Mining's shares have surged over 190% in the past year, while gold prices have increased by 72%, demonstrating the operating leverage effect of gold stocks, which significantly enhances profitability even with modest rises in gold prices.
- Profit Growth: In Q3 2025, SSR Mining reported revenues of $385.8 million, a 49.9% increase from $257.4 million in Q3 2024, with net income skyrocketing from $6.25 million to $57.1 million, reflecting the company's robust profitability amid rising gold prices.
- Future Outlook: By 2026, SSR Mining's earnings per share are expected to rise from $1.74 to $4.07, a 131% increase, indicating substantial future profit potential as gold prices remain elevated.
- Market Valuation: Currently trading at 6.2 times forward earnings, SSR Mining's stock could reach $50 if rerated to a low teens P/E ratio, making it an attractive investment choice in the mining sector as gold prices remain high.
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- Surge in Profitability: With gold prices skyrocketing from $3,000 to $5,000 per ounce, SSR Mining's annual sales have surged from $1.6 billion to $2.4 billion, representing a growth of over 56%, indicating a significant enhancement in the company's profitability in a high gold price environment.
- Significant Stock Potential: SSR Mining's shares have appreciated over 190% in the past year, and if gold prices remain elevated, the stock could reach $50 per share, showcasing the company's strong performance and investment appeal in the gold market.
- Operating Leverage Effect: Given that gold mining companies have largely fixed costs, even modest increases in gold prices can translate into pure profit, allowing SSR Mining to achieve outsized profitability during gold price surges, further solidifying its market position.
- Optimistic Market Outlook: Although gold prices have slightly retreated, the ongoing trend of central banks buying gold suggests that high prices may persist, and SSR Mining's stock is likely to be rerated in the future, boosting investor confidence.
See More
Gold Prices Hit Record High, SSR Mining Stock Declines
- Gold Price Fluctuations: This week, gold prices surged to an all-time high, reaching $5,615 on Monday, but have since retreated to $5,033, marking a 6% drop from the peak, which directly impacts gold-related stocks like SSR Mining.
- SSR Mining Stock Decline: SSR Mining's stock tumbled 9.5% to $28 per share during Friday's morning session, just one day after hitting a 15-year high, reflecting the market's sensitivity to fluctuations in gold prices.
- Analyst Outlook Positive: UBS analyst Levi Spry raised his price target for SSR Mining by over 11% to $38.50 per share and reiterated a buy rating, indicating confidence in the company's future profitability.
- Optimistic Earnings Projections: Despite SSR Mining's stock tripling in price over the past year, it trades at a relatively low P/E ratio of 26, with expectations of doubling earnings annually for the next five years, suggesting there may still be room for growth in the stock.
See More
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- Stock Price Volatility: SSR Mining's stock plummeted 9.5% by 11:35 a.m. ET on Friday, closely following its peak of $28 per share, indicating market sensitivity to fluctuations in gold prices.
- Gold Price Impact: This week, gold prices soared to an all-time high, surpassing $5,000 on Monday and reaching $5,615 on Thursday, but fell to $5,033 on Friday morning, causing declines in gold mining stocks like SSR.
- Analyst Outlook: Despite the stock's volatility, UBS analyst Levi Spry raised the price target for SSR Mining by over 11% to $38.50 per share, reiterating a buy rating, reflecting confidence in the company's long-term growth potential.
- Optimistic Earnings Forecast: SSR Mining is expected to double its earnings annually over the next five years, with a current P/E ratio of 26 and a PEG ratio of just 0.22, suggesting that the stock still has room for growth despite a slightly high cash flow valuation.
See More
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
See More
SSR Mining Stock Drops 19% Amid Falling Gold and Silver Prices
- Stock Decline: SSR Mining's shares have dropped 5.4% over the past week, currently priced at $22.89, marking a 19% decline since hitting an all-time high of $28 on January 28, indicating market sensitivity to metal price fluctuations.
- Gold Price Plunge: Gold prices fell from $5,419.80 per ounce on January 28 to $4,660 by Monday, although they have slightly recovered to $4,879.10, the decline directly impacts SSR Mining's profitability.
- Silver Price Struggles: Silver prices have also seen significant volatility, dropping from $116.58 per ounce on January 28 to $79.21, and currently at $76.82, exacerbating market concerns regarding SSR Mining's future earnings.
- Analyst Perspective: Despite the low stock price, analysts suggest that SSR Mining's forward P/E ratio is below 6, with earnings expected to double next year, resulting in a PEG ratio of about 0.2, indicating potential investment value and a buying opportunity.
See More
SSR Mining Stock Surges Amid Gold Price Rally
- Stock Performance: SSR Mining's shares have surged over 190% in the past year, while gold prices have increased by 72%, demonstrating the operating leverage effect of gold stocks, which significantly enhances profitability even with modest rises in gold prices.
- Profit Growth: In Q3 2025, SSR Mining reported revenues of $385.8 million, a 49.9% increase from $257.4 million in Q3 2024, with net income skyrocketing from $6.25 million to $57.1 million, reflecting the company's robust profitability amid rising gold prices.
- Future Outlook: By 2026, SSR Mining's earnings per share are expected to rise from $1.74 to $4.07, a 131% increase, indicating substantial future profit potential as gold prices remain elevated.
- Market Valuation: Currently trading at 6.2 times forward earnings, SSR Mining's stock could reach $50 if rerated to a low teens P/E ratio, making it an attractive investment choice in the mining sector as gold prices remain high.
See More
SSR Mining Benefits from Soaring Gold Prices
- Surge in Profitability: With gold prices skyrocketing from $3,000 to $5,000 per ounce, SSR Mining's annual sales have surged from $1.6 billion to $2.4 billion, representing a growth of over 56%, indicating a significant enhancement in the company's profitability in a high gold price environment.
- Significant Stock Potential: SSR Mining's shares have appreciated over 190% in the past year, and if gold prices remain elevated, the stock could reach $50 per share, showcasing the company's strong performance and investment appeal in the gold market.
- Operating Leverage Effect: Given that gold mining companies have largely fixed costs, even modest increases in gold prices can translate into pure profit, allowing SSR Mining to achieve outsized profitability during gold price surges, further solidifying its market position.
- Optimistic Market Outlook: Although gold prices have slightly retreated, the ongoing trend of central banks buying gold suggests that high prices may persist, and SSR Mining's stock is likely to be rerated in the future, boosting investor confidence.
See More
Gold Prices Hit Record High, SSR Mining Stock Declines
- Gold Price Fluctuations: This week, gold prices surged to an all-time high, reaching $5,615 on Monday, but have since retreated to $5,033, marking a 6% drop from the peak, which directly impacts gold-related stocks like SSR Mining.
- SSR Mining Stock Decline: SSR Mining's stock tumbled 9.5% to $28 per share during Friday's morning session, just one day after hitting a 15-year high, reflecting the market's sensitivity to fluctuations in gold prices.
- Analyst Outlook Positive: UBS analyst Levi Spry raised his price target for SSR Mining by over 11% to $38.50 per share and reiterated a buy rating, indicating confidence in the company's future profitability.
- Optimistic Earnings Projections: Despite SSR Mining's stock tripling in price over the past year, it trades at a relatively low P/E ratio of 26, with expectations of doubling earnings annually for the next five years, suggesting there may still be room for growth in the stock.
See More
SSR Mining Stock Volatility Linked to Gold Prices
- Stock Price Volatility: SSR Mining's stock plummeted 9.5% by 11:35 a.m. ET on Friday, closely following its peak of $28 per share, indicating market sensitivity to fluctuations in gold prices.
- Gold Price Impact: This week, gold prices soared to an all-time high, surpassing $5,000 on Monday and reaching $5,615 on Thursday, but fell to $5,033 on Friday morning, causing declines in gold mining stocks like SSR.
- Analyst Outlook: Despite the stock's volatility, UBS analyst Levi Spry raised the price target for SSR Mining by over 11% to $38.50 per share, reiterating a buy rating, reflecting confidence in the company's long-term growth potential.
- Optimistic Earnings Forecast: SSR Mining is expected to double its earnings annually over the next five years, with a current P/E ratio of 26 and a PEG ratio of just 0.22, suggesting that the stock still has room for growth despite a slightly high cash flow valuation.
See More
