A Look At SSR Mining’s Valuation After Hod Maden Update And Recent Gold Price Volatility

SSR Mining (TSX:SSRM) is back in focus after filing a new Technical Report Summary for its Hod Maden copper gold project in Türkiye, in addition to sharp recent swings in gold prices and the share price.

See our latest analysis for SSR Mining.

The recent Hod Maden update arrived just as SSR Mining’s share price pulled back sharply, with a 1 day share price return of 14.21% decline and a 7 day share price return of 13.73% decline. At the same time, the 1 year total shareholder return of 166.67% and 5 year total shareholder return of 48.17% point to a much stronger longer term picture, suggesting recent momentum has cooled after a powerful run.

If the recent volatility around Hod Maden and gold prices has your attention, this could be a useful moment to broaden your research with aerospace and defense stocks.

So with SSR Mining trading below analyst targets despite a very large 1 year total return, should you view the recent pullback as a chance to gain exposure to Hod Maden’s potential, or assume the market is already pricing in future growth?

Most Popular Narrative: 20.1% Undervalued

SSR Mining’s most followed narrative pegs fair value at CA$38.85 per share versus the last close at CA$31.04, framing the recent pullback against a still supportive long term view.

Ongoing expansion of high grade reserves, mine life extension initiatives (e.g., at Puna and through organic opportunities at Marigold, Seabee, and CC&V), and the advancement of new projects like Hod Maden could result in higher future production volumes and extended asset lives, positively impacting long term earnings and total shareholder returns.

Read the complete narrative.

Curious what sits behind that valuation gap? The narrative leans heavily on faster revenue growth, wider margins, and a future earnings multiple that might be higher than some investors currently expect.

Result: Fair Value of CA$38.85 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, it is worth remembering that unresolved permitting and remediation issues at Çöpler, along with higher all in sustaining costs at operations like Seabee and Marigold, could challenge those expectations.

Find out about the key risks to this SSR Mining narrative.

Build Your Own SSR Mining Narrative

If you see the numbers differently or simply want to stress test the assumptions yourself, you can build a personalised view in just a few minutes with Do it your way.

A good starting point is our analysis highlighting 4 key rewards investors are optimistic about regarding SSR Mining.

Looking for more investment ideas?

If you stop at one company, you could miss out on opportunities that fit your style even better, so broaden your search before making your next move.

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

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