SSRM Should I Buy
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SSRM is a good buy for a beginner investor with a long-term focus and $50,000-$100,000 available for investment. The company's strategic shift to focus on developed market assets, strong analyst upgrades, and improved financial position following the $1.5 billion Copler mine sale make it a compelling investment opportunity. While technical indicators are neutral, the long-term growth potential outweighs short-term fluctuations.
The MACD is below 0 and negatively contracting, indicating a bearish trend. RSI is neutral at 38.45, and moving averages are converging, suggesting no clear trend. Key support is at 23.282, and resistance is at 28.469. The stock is trading pre-market at 25.15, up 2.03%, indicating some positive momentum.
The $1.5 billion sale of the Copler mine significantly strengthens SSR Mining's balance sheet and reduces emerging market risk. Analysts have upgraded the stock with increased price targets, reflecting confidence in the company's strategic shift. The company projects a 10% increase in gold production, indicating potential revenue growth.
Hedge funds are heavily selling SSRM, with a 763.19% increase in selling activity last quarter. The company's Q4 financials showed a significant drop in net income, EPS, and gross margin, which may concern some investors.
In Q4 2025, revenue increased by 119.61% YoY to $709.76 million, but net income dropped to -$181.46 million (-3366.55% YoY). EPS and gross margin both dropped to 0, indicating challenges in profitability despite revenue growth.
Analysts are bullish on SSRM, with multiple upgrades to Buy or Outperform ratings and price target increases. CIBC raised the target to $48, Canaccord to C$58, and BofA to $45.50, citing the strategic shift and improved balance sheet as key factors.
