SSR Mining Inc. research snapshot
SSRM AI stock analysis currently reads SSR Mining Inc. as an Americas-focused gold and silver producer completing a portfolio reset. The analysis is not a certain price prediction. At the August 4, 2026 cutoff, the latest verified close used here was $26.99 on August 3, 2026, market capitalization was about $5.6 billion, and the company had closed two major transactions since late June: the sale of its 80% Copler stake to Cengiz Holding for $1.49 billion and the conversion of its 20% Hod Maden stake into an uncapped 4.0% net smelter return royalty. The main question is whether the net-cash balance sheet, remaining low-cost operations, and elevated gold prices near $4,000 per ounce can sustain the recovery from the 2024 lows near $12. This is informational research and not investment advice.
Current price
$26.99
Market cap
$5.6 billion
AI score
58 / 100
Rating
Moderate positive, gold price driven
Trend status
Pulled back from June highs, holding above 200-day moving average
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | SSR Mining now operates gold and silver mines in Nevada, Saskatchewan, and Argentina, plus a royalty portfolio after selling Copler and converting Hod Maden. It is a commodity producer where cost position and operational execution determine results. | Medium-high |
| Moat | Gold mining has limited moat. SSR Mining differentiates through low-cost operations, jurisdiction diversification (Nevada, Saskatchewan, Argentina), and a cleaner Americas-only footprint. No pricing power. | Low-medium |
| Management | Management closed the Copler sale at $1.49 billion and converted the Hod Maden stake into an uncapped 4.0% NSR royalty, removing two capital-heavy Turkish assets. The next test is redeploying proceeds into buybacks, dividends, or growth. CEO transition noted: the company now operates with an Executive Chairman structure. | Medium |
| Financial trend | TTM revenue of $1.89 billion. Reported TTM net income of $562.53 million includes the one-time Copler transaction gain; adjusted TTM net income is closer to $230.52 million. Net cash position of about $606 million with minimal debt. | Medium-high |
| Valuation | At $26.99, the stock trades around 10.3x reported TTM PE (including the Copler gain) and roughly 6.5x forward earnings on consensus 2026 EPS of $4.11. EV/EBITDA near 7.65x. Reasonable for a gold miner but earnings depend on sustained elevated gold prices. | Medium |
| Technical trend | SSRM closed at $26.99, above the 200-day moving average ($26.64) but below the 20-day ($27.03) and 50-day ($28.28) averages, suggesting short-term weakness after the pullback from June highs near $33. | Medium-high |
| Risk level | Key risks are gold price volatility, cost inflation, mine depletion, Argentina jurisdiction risk, and execution risk on redeploying roughly $1.49 billion of sale proceeds. RSI near 48 and ADX below 20 indicate a non-trending tape with limited directional conviction. | Medium-high |
| AI confidence | Medium-high confidence for price, market cap, balance sheet, and transaction details. Lower confidence for post-sale earnings trajectory and the direction of gold prices. | Medium-high data confidence |
| Investment certainty | Low-medium certainty. SSR Mining has a clean net-cash balance sheet but remains a gold price bet. The quality of the business depends on execution and commodity cycles. | Low-medium |
SSRM AI stock forecast
The SSRM AI stock forecast uses scenario ranges around the $26.99 cutoff price. It does not claim that AI can predict a specific future price. The bullish case requires sustained gold prices near or above $4,000/oz, strong execution at Marigold, Seabee, and Puna, and accretive use of the roughly $1.49 billion in sale proceeds. The base case assumes stable gold prices and steady production. The bearish case assumes gold price weakness or operational setbacks.
$40 to $48
More likely if gold prices remain elevated above $4,000/oz, SSR Mining redeploys sale proceeds into buybacks or accretive growth, and all operations deliver consistent low-cost production. The high end matches the $48 top analyst price target.
$31 to $38
More likely if gold prices stay near current levels near $4,000/oz, production remains steady, and the stock trades toward the consensus price target near $41 over a 12-month horizon. Forward PE of roughly 6.5x on consensus 2026 EPS of $4.11 supports this zone.
$19 to $25
More likely if gold prices decline, cost inflation pressures margins, sale proceeds are deployed poorly, or operational issues affect production guidance. The low end reflects a de-rating toward historical trough multiples.
SSRM AI technical analysis
SSRM AI technical analysis starts from the $26.99 close used for this August 4 static page. Barchart showed the stock above the 200-day moving average ($26.64) but below the 20-day ($27.03) and 50-day ($28.28) averages, with RSI near 48.65 (neutral) and low ADX (15.86) indicating a non-trending environment. Because this page does not fetch request-time market data, traders should confirm levels on a live chart before acting.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $26.99 | Latest verified close as of the August 3, 2026 market session used for the August 4 data cutoff. |
| Near resistance | $27.03 to $28.28 | The 20-day and 50-day moving average zone. SSRM needs to reclaim this area to shift short-term momentum. |
| Key resistance | $29.18 to $33.00 | The 100-day moving average near $29.18 followed by the June 2026 trading range highs near $33. A break above this area would signal renewed recovery momentum toward the $36.52 52-week high. |
| Near support | $26.64 to $27.00 | The 200-day moving average area at $26.64 provides the first major support zone just below the current close. |
| Secondary support | $24.00 to $25.50 | The late-July 2026 pullback lows. A break below the 200-day MA would test this zone. |
| 50-day moving average | About $28.28 | Barchart showed SSRM trading below the 50-day MA, indicating short-term bearish pressure. |
| 200-day moving average | About $26.64 | SSRM remains above the 200-day MA, supporting the longer-term recovery trend. |
| Momentum | RSI 48.65, ADX 15.86 | RSI is neutral. ADX below 20 indicates a non-trending market. -DI (30.76) above +DI (24.05) suggests short-term bearish pressure. |
| Volume | About 3.0 million shares | Average volume near 2.96-3.19 million shares. The August 3, 2026 session printed about 3.42 million shares. |
| Volatility | ATR 14 near $1.58 | ATR at about 5.85% of price indicates moderate to high volatility. Position sizing should account for daily moves above $1.50. |
| Invalidation | Close below $26.64, then $25.50 | A close below the 200-day MA near $26.64 weakens the recovery thesis. A break below $25.50 would challenge the larger uptrend. |
SSRM AI trading strategy
The SSRM AI trading strategy is a rules-based framework, not personalized advice. It combines balance sheet transformation evidence, technical confirmation, position sizing, and clear invalidation levels.
Look for SSRM to reclaim the 20-day and 50-day moving average zone near $27.03-$28.28 with improving volume. Use the 200-day MA at $26.64 as the trend reference.
A failure to hold the 200-day MA or a daily close below $26.64 should reduce confidence in the recovery trend.
If SSRM pulls back toward the 200-day MA near $26.64-$27.00 after the Q2 2026 earnings report and the Hod Maden royalty news cycle, evaluate whether the pullback is driven by profit-taking or fundamental concerns.
Do not average down based on the Copler and Hod Maden transactions alone. Define maximum loss based on portfolio risk, not transaction optimism.
Track Q2 2026 earnings (August 4, 2026, after market close), gold price trends near $4,000/oz, production guidance updates, capital allocation decisions for the roughly $1.49 billion of sale proceeds, and operating cost reports.
Lower the rating if gold prices trend below $3,500/oz or if management signals poor capital allocation choices.
Investment research summary
SSR Mining finds, extracts, and processes gold and silver from mines in Nevada, Saskatchewan, and Argentina, and now also holds royalty interests after selling Copler and converting its Hod Maden stake into an uncapped 4.0% net smelter return royalty. It sells output at prevailing market prices.
Gold mining has inherently weak moats. SSR Mining competes on cost position, operational safety, and jurisdiction diversification across Nevada, Saskatchewan, and Argentina. The net-cash balance sheet and a small royalty stream add financial flexibility.
The thesis can fail if gold prices drop sharply, the Americas operations underperform, capital is deployed poorly into value-destructive M&A, or production at Marigold, Seabee, or Puna is disrupted by geology, labor, or jurisdictional issues.
The company closed the $1.49 billion Copler sale to Cengiz Holding and the Hod Maden royalty conversion, removing two capital-intensive Turkish assets. The executive team now runs with Rodney P. Antal as Executive Chairman and Michael J. Sparks as CFO. The next test is redeploying proceeds into buybacks, dividends, or growth.
Gold mining benefits from elevated gold prices near $4,000/oz, but remains cyclical. The industry trend favors low-cost producers with strong balance sheets, which supports SSR Mining’s Americas-only portfolio positioning.
At roughly 10.3x reported TTM PE (including the Copler gain) and about 6.5x forward earnings, SSRM is reasonably valued for a gold miner. Margin of safety is limited because earnings depend on gold prices outside company control.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| SSRM price | $26.99 close on August 3, 2026, after-hours $27.02 | StockAnalysis real-time quote and SSR Mining website NASDAQ quote | August 4, 2026 |
| Market capitalization | About $5.6 billion, verified as $26.99 x ~207.49 million shares | financial_rigor.py market cap verification and StockAnalysis | August 4, 2026 |
| Shares outstanding | 207.49 million | StockAnalysis (S&P Global) | August 4, 2026 |
| TTM revenue | $1.89 billion | Yahoo Finance statistics and StockAnalysis (S&P Global), cross-validated | August 4, 2026 |
| TTM net income | $562.53 million reported (includes Copler transaction gain); about $230.52 million adjusted | Yahoo Finance statistics and StockAnalysis (S&P Global) | August 4, 2026 |
| EPS | $2.61 reported TTM (includes Copler gain); $1.08 adjusted TTM; $4.11 consensus 2026 forward | Yahoo Finance and StockAnalysis (S&P Global) | August 4, 2026 |
| PE ratio | About 10.3x reported TTM; roughly 5.6-6.5x forward PE | Yahoo Finance and financial_rigor.py verification | August 4, 2026 |
| Cash and short-term investments | $674.36 million | Yahoo Finance balance sheet statistics | August 4, 2026 |
| Net cash position | About $605.94 million net cash ($2.92 per share) with $68.42 million total debt | StockAnalysis balance sheet statistics | August 4, 2026 |
| Free cash flow (TTM) | $379.78 million, $1.83 per share | StockAnalysis cash flow statistics | August 4, 2026 |
| Copler mine sale | $1.49 billion sale of 80% Copler stake to Cengiz Holding, closed June 24, 2026 | SSR Mining website news and Business Wire | August 4, 2026 |
| Hod Maden royalty conversion | Sale of 20% Hod Maden equity closed July 17, 2026, converting to an uncapped 4.0% net smelter return royalty | SSR Mining website news and Business Wire | August 4, 2026 |
| Moving averages and momentum | 20-day MA $27.03, 50-day MA $28.28, 100-day MA $29.18, 200-day MA $26.64, RSI 48.65, ADX 15.86 | Barchart technical analysis snapshots | August 4, 2026 |
| Valuation math | About 10.34x reported TTM PE, about 1.2-1.5x PB, EV/EBITDA near 7.65x from financial_rigor.py verification | financial_rigor.py valuation verification | August 4, 2026 |
| Analyst consensus | Strong Buy, average price target $41.40, range $39 to $48 | StockAnalysis (S&P Global Market Intelligence and TipRanks) | August 4, 2026 |
| Gold price context | Gold trading near $4,022-$4,052 per ounce, elevated by historical standards | Yahoo Finance commodities data and SSR Mining website | August 4, 2026 |
| 52-week range | $11.87 to $36.52 | Yahoo Finance and StockAnalysis | August 4, 2026 |
This SSRM AI stock analysis is an informational tool for research and education only. It is not investment advice, a recommendation, or a guarantee of future performance. Forecast ranges are scenarios based on available data as of August 4, 2026 and can be wrong. Reported TTM net income includes a one-time Copler transaction gain that does not reflect ongoing operations. Gold mining stocks carry additional commodity price and operational risks.
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