Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate SSR Mining Inc before investing.

In this article, we go over a few key elements for understanding SSR Mining Inc’s stock price such as:

• SSR Mining Inc’s current stock price and volume
• Why SSR Mining Inc’s stock price changed recently
• Upgrades and downgrades for SSRM from analysts
• SSRM’s stock price momentum as measured by its relative strength

About SSR Mining Inc (SSRM)

Before we jump into SSR Mining Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

SSR Mining Inc. is a precious metals mining company with four producing assets located in the United States of America (USA), Turkey, Canada, and Argentina, combined with a global pipeline of development and exploration assets in the USA, Turkey, Mexico, and Canada. Its four operating assets produce more than 700,000 gold-equivalent ounces annually. The Company's gold and silver production is sourced from its Copler Gold Mine (Copler) in Erzincan, Turkey, Marigold mine (Marigold) in Nevada, United States, Seabee Gold Operation (Seabee) in Saskatchewan, Canada and Puna Operations (Puna) in Jujuy, Argentina. The Company's growth and development pipeline includes Cakmaktepe Extension and Copper Hill in Turkey, New Millennium, Trenton Canyon and Buffalo Valley in Nevada, and the Fisher and Amisk properties in Saskatchewan, along with a number of earlier-stage opportunities globally. Amisk property is 39,880 hectares with extensive Proterozoic-volcano-sedimentary rock assemblages.

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SSR Mining Inc’s Stock Price as of Market Close

As of September 30, 2024, 4:00 PM, CST, SSR Mining Inc’s stock price was $5.68.

SSR Mining Inc is down 4.86% from its previous closing price of $5.97.

During the last market session, SSR Mining Inc’s stock traded between $5.95 and $6.20. Currently, there are 202.13 million shares of SSR Mining Inc stock available for purchase.

Unfortunately, SSR Mining Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

SSR Mining Inc Stock Price History

SSR Mining Inc’s (SSRM) price is currently up 9.44% so far this month.

During the month of September, SSR Mining Inc’s stock price has reached a high of $6.21 and a low of $4.83.

Over the last year, SSR Mining Inc has hit prices as high as $14.53 and as low as $3.76. Year to date, SSR Mining Inc’s stock is down 63.75%.

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What Caused SSR Mining Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 27, 2024, there was 1 analyst who downgraded SSR Mining Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate SSR Mining Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on SSR Mining Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

SSR Mining Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about SSR Mining Inc (SSRM) by visiting AAII Stock Evaluator.

Relative Price Strength of SSR Mining Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 27, 2024, SSR Mining Inc has a weighted four-quarter relative price strength of -8.26%, which translates to a Momentum Score of 33 and is considered to be Weak.

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SSR Mining Inc Stock Price: Bottom Line

As of September 30, 2024, SSR Mining Inc’s stock price is $5.68, which is down 4.86% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like SSR Mining Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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