SSRM has traded in a range since the pandemic of 2020. However, the longer term trend for SSRM - going back to 2015- is upward. Obviously there is high positive correlation between SSRM and the spot price of gold due to the companies revenue streams which rely heavily on the price of gold. SSRM has wonderful fundamentals. Despite the companies relatively small market cap, SSRM has seen impressive revenue and margin growth in the last five years. The company is also sitting on around 400 million in free cash flow which translates to a very strong price to free cash flow ratio of around 11.5 for SSRM. Also, in recent years the company has lowered its debt levels and now sits at very low levels of debt compared to total equity and/or assets.
The overall takeaway: SSRM has great fundamentals and appears undervalued when compared to competitors like NEM and HMY. SSRM seems like a great long term buy at its current valuation. This is largely a play on gold/inflation so keep that in mind when deciding the right allocation amount for your portfolio.
This is not trading advice. Good luck!
The overall takeaway: SSRM has great fundamentals and appears undervalued when compared to competitors like NEM and HMY. SSRM seems like a great long term buy at its current valuation. This is largely a play on gold/inflation so keep that in mind when deciding the right allocation amount for your portfolio.
This is not trading advice. Good luck!