SSR Mining Inc. stock declines despite rising gold prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2026
0mins
Should l Buy SSRM?
Source: NASDAQ.COM
SSRM Mining Inc. shares fell by 5.53% as it crossed below the 5-day SMA, indicating a bearish trend in the stock's performance.
Despite the recent surge in gold prices, which reached new highs of over $4,800, SSR Mining's stock declined. This movement suggests a sector rotation, as other mining companies may be benefiting from the rising gold prices while SSR Mining struggles to maintain its position.
The implications of this decline could indicate investor concerns about SSR Mining's operational performance or market positioning compared to its peers, despite favorable conditions in the gold market.
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Analyst Views on SSRM
Wall Street analysts forecast SSRM stock price to fall
7 Analyst Rating
3 Buy
3 Hold
1 Sell
Moderate Buy
Current: 26.590
Low
18.70
Averages
25.07
High
29.00
Current: 26.590
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.
- Gold Price Volatility: After reaching an all-time high of $5,419.80 per ounce on January 28, gold prices plummeted to $4,500, currently sitting at $4,871, which has led to an 8.5% drop in SSR Mining's stock, highlighting the company's strong correlation with gold prices.
- Silver Price Trends: Silver prices also experienced significant fluctuations, peaking at $116.58 per ounce on January 28 before falling to $66, now priced at $72.95, failing to recover above $80, which further impacts SSR's earnings outlook.
- Market Performance Analysis: SSR Mining's current stock price is $26.18 with a market cap of $5.7 billion and a trading volume of 123K, indicating market caution regarding its future profitability, especially ahead of the upcoming Q4 earnings report.
- Earnings Expectations and Valuation: Analysts predict SSR will earn $0.57 per share and $1.72 for the full year, which would result in a price-to-earnings ratio of only 15 times if achieved, despite the stock currently trading below $26, indicating potential investment value with expected profit doubling over the next five years.
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- Redemption Plan: SSR Mining plans to redeem $230 million of its 2.50% Convertible Senior Notes by March 20, 2026, reflecting the company's focus on optimizing its capital structure.
- Outstanding Notes: Currently, there is $227.49 million of notes outstanding, with the redemption price set at 100% of the principal plus any accrued and unpaid interest, indicating a proactive approach to debt management.
- Share Issuance Impact: If all holders elect to convert their notes, approximately 13 million shares would be issued to settle the conversion, which have already been included in the company's fully diluted share count, demonstrating transparency in financial reporting.
- Cash Flow and Buyback Plans: SSR Mining targets up to $535 million in cash flow and plans a $300 million share buyback, showcasing the company's financial health amid robust mine performance and new project milestones.
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- Earnings Surprise: Pitney Bowes reported an adjusted EPS of 45 cents for Q4, surpassing the analyst consensus of 38 cents, indicating strong profitability and boosting investor confidence.
- Sales Miss: The quarterly sales of $478 million fell short of the expected $486.68 million, highlighting some market demand challenges that could impact future revenue growth.
- Stock Surge: The company's shares jumped 7.9% to $11.05 in pre-market trading, reflecting optimistic market sentiment regarding its future prospects and potentially attracting more investor interest.
- Positive Guidance: Pitney Bowes issued FY26 adjusted EPS guidance with a midpoint above estimates, further strengthening market confidence in its long-term growth potential.
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- Strong Financial Performance: SSR Mining produced 120,000 gold equivalent ounces in Q4 2025 with an AISC of $2,250 per ounce, achieving quarterly sales of 117,000 ounces and a net income of $181 million, demonstrating robust profitability in the market.
- Cash Flow and Liquidity: The company generated over $100 million in free cash flow in 2025, ending the year with $535 million in cash and over $1 billion in liquidity, indicating a solid financial position that supports future investments.
- Share Buyback Plan: The Board approved a share buyback of up to $300 million, aimed at enhancing shareholder value and boosting market confidence, reflecting management's optimism about the company's future performance.
- Production and Cost Outlook: SSR Mining expects production in 2026 to range between 450,000 and 535,000 gold equivalent ounces, with AISC projected between $2,360 and $2,440, showcasing a proactive strategy in cost control and production enhancement.
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- Earnings Announcement Schedule: SSR Mining is set to release its Q4 earnings on February 17 after market close, with consensus EPS estimated at $0.56 and revenue expected to reach $452.85 million, reflecting a 40.1% year-over-year growth that underscores the company's profitability amid elevated metal prices.
- Historical Performance: Over the past two years, SSR Mining has beaten EPS estimates 63% of the time and revenue estimates 75% of the time, indicating a strong track record of meeting market expectations, which could positively influence stock price.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen four upward revisions and three downward adjustments, while revenue estimates experienced no upward revisions and two downward changes, suggesting mixed market sentiment regarding the company's future performance.
- Investor Focus: Despite SSR Mining's production growth and flat costs, there remains uncertainty regarding future catalysts, prompting investors to closely monitor the upcoming earnings report to assess the company's investment potential.
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- Stock Fluctuation: After four consecutive days of gains, SSR Mining's stock fell nearly 6% yesterday but rebounded by 6.2% in morning trading today, returning to Wednesday's price, indicating a strong market recovery.
- Gold Price Recovery: Gold prices, which hit an all-time high of $5,419.80 per ounce on January 28, fell to around $4,500 but surpassed $5,000 again last week, currently at $5,001, driving SSR Mining's stock increase.
- Silver Price Trends: Silver prices also experienced volatility, peaking at $116.58 on January 28 before dropping to $66, falling nearly 10% yesterday, but today rebounded above $78, further supporting SSR Mining's market performance.
- Earnings Expectations: Analysts predict that SSR Mining will report Q4 earnings of $0.57 per share on February 17, nearly six times the Q4 2024 profit, with full-year earnings expected at $1.72, indicating a potential for doubling profits over the next five years.
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