UBS analyst Levi Spry has lowered the rating for SSR Mining (SSRM, Financial) from a Buy to a Neutral. Despite this downgrade, the price target has been adjusted upwards to $13.85 from the previous $12.35. This reflects a recalibration of expectations for SSR Mining's stock performance, offering investors a more cautious outlook. The move suggests a reassessment of SSRM's market position and potential growth trajectory.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for SSR Mining Inc (SSRM, Financial) is $12.12 with a high estimate of $13.00 and a low estimate of $11.00. The average target implies an downside of 7.01% from the current price of $13.03. More detailed estimate data can be found on the SSR Mining Inc (SSRM) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, SSR Mining Inc's (SSRM, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for SSR Mining Inc (SSRM, Financial) in one year is $16.32, suggesting a upside of 25.25% from the current price of $13.03. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the SSR Mining Inc (SSRM) Summary page.
SSRM Key Business Developments
Release Date: May 06, 2025
- Free Cash Flow: Nearly $40 million generated in Q1 2025.
- Gold Equivalent Production: 104,000 ounces produced in Q1 2025.
- All-In Sustaining Costs (AISC): $1,972 per ounce, or $1,749 per ounce excluding costs at Ãöpler.
- Operating Cash Flow: $85 million in Q1 2025.
- Cash on Hand: $320 million at the end of Q1 2025.
- Net Income: Attributable net income of $0.28 per diluted share in Q1 2025.
- Adjusted Net Income: $0.29 per diluted share in Q1 2025.
- Care and Maintenance Costs: Approximately $36 million at Ãöpler in Q1 2025.
- Total Liquidity: Over $800 million maintained.
- Marigold Production: 39,000 ounces in Q1 2025 at an AISC of $1,765 per ounce.
- CC&V Production: 39,300 ounces of gold in Q1 2025.
- Seabee Production: 26,000 ounces at an AISC of $1,374 per ounce in Q1 2025.
- Puna Silver Production: 2.5 million ounces at an AISC of $13.16 per ounce in Q1 2025.
- Hod Maden Investment: Approximately $12 million spent on site development and engineering in Q1 2025.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- SSR Mining Inc (SSRM, Financial) reported a strong start to 2025 with nearly $40 million in free cash flow generation.
- The integration of Cripple Creek & Victor (CC&V) into SSR Mining's portfolio has been smooth, adding a core asset with significant potential.
- SSR Mining Inc (SSRM) issued full-year 2025 operating guidance, indicating a year-over-year increase in production.
- The company maintains a strong liquidity position with over $800 million, supporting capital requirements across the business.
- Seabee and Puna operations reported excellent production results, contributing positively to the company's overall performance.
Negative Points
- All-in sustaining costs (AISC) were high at $1,972 per ounce, or $1,749 per ounce excluding costs at Öpler.
- The restart of operations at Öpler remains uncertain, with no specific timeline for receiving necessary permits.
- Hod Maden project faces inflationary pressures, with capital costs expected to increase by 10% to 15% annually.
- The technical report for Cripple Creek & Victor is not expected until Q3, leaving some uncertainty in the market.
- Care and maintenance costs at Öpler amounted to approximately $36 million, impacting overall financial results.
