SSR Mining Inc.

TSX:SSRM Stock Report

Market Cap: CA$6.7b

SSR Mining Valuation

Is SSRM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of SSRM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Fair Value: SSRM (CA$33.19) is trading below our estimate of fair value (CA$107.32)

Significantly Below Fair Value: SSRM is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SSRM?

Key metric: As SSRM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SSRM. This is calculated by dividing SSRM's market cap by their current earnings.
What is SSRM's PE Ratio?
PE Ratio22.1x
EarningsUS$219.85m
Market CapUS$4.83b

Price to Earnings Ratio vs Peers

How does SSRM's PE Ratio compare to its peers?

The above table shows the PE ratio for SSRM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.9x
TXG Torex Gold Resources
16.6x37.11%CA$6.7b
BTO B2Gold
28.2x72.09%CA$8.7b
CGG China Gold International Resources
23.2x19.86%CA$13.0b
ARIS Aris Mining
75.8x89.92%CA$5.1b
SSRM SSR Mining
22.1x59.69%CA$6.7b

Price-To-Earnings vs Peers: SSRM is good value based on its Price-To-Earnings Ratio (22.1x) compared to the peer average (35.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does SSRM's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

33 CompaniesPrice / EarningsEstimated GrowthMarket Cap
THX Thor Explorations
4x-7.37%US$674.96m
DC.A Dundee
3xn/aUS$277.79m
NIF.UN Noranda Income Fund
4.2xn/aUS$72.05m
LUC Lucara Diamond
1.7x-97.43%US$65.81m
SSRM 22.1xIndustry Avg. 25.0xNo. of Companies33PE020406080100+
33 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SSRM is good value based on its Price-To-Earnings Ratio (22.1x) compared to the Canadian Metals and Mining industry average (25x).

Price to Earnings Ratio vs Fair Ratio

What is SSRM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SSRM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.1x
Fair PE Ratio42.2x

Price-To-Earnings vs Fair Ratio: SSRM is good value based on its Price-To-Earnings Ratio (22.1x) compared to the estimated Fair Price-To-Earnings Ratio (42.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SSRM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$33.19
CA$39.73
+19.69%
16.93%CA$48.00CA$28.82n/a7
Jan ’27CA$30.09
CA$38.05
+26.46%
17.58%CA$46.00CA$25.46n/a7
Dec ’26CA$31.44
CA$39.01
+24.09%
17.56%CA$47.13CA$26.11n/a7
Nov ’26CA$31.71
CA$38.96
+22.86%
17.71%CA$47.18CA$25.07n/a7
Oct ’26CA$33.31
CA$27.54
-17.33%
25.56%CA$36.97CA$17.51n/a7
Sep ’26CA$26.50
CA$23.38
-11.79%
15.09%CA$26.95CA$17.24n/a7
Aug ’26CA$16.66
CA$20.47
+22.88%
15.74%CA$25.22CA$14.59n/a7
Jul ’26CA$17.37
CA$19.17
+10.38%
18.30%CA$23.75CA$14.38n/a7
Jun ’26CA$16.25
CA$18.33
+12.78%
19.92%CA$24.08CA$13.76n/a7
May ’26CA$13.92
CA$17.76
+27.59%
16.82%CA$22.04CA$13.77n/a7
Apr ’26CA$14.31
CA$14.53
+1.52%
21.73%CA$18.00CA$8.75n/a7
Mar ’26CA$14.43
CA$13.87
-3.87%
17.69%CA$16.78CA$9.24n/a7
Feb ’26CA$11.64
CA$11.58
-0.49%
12.14%CA$13.60CA$9.08n/a6
Jan ’26CA$10.04
CA$10.18
+1.36%
11.25%CA$12.03CA$8.65CA$30.097
Dec ’25CA$8.23
CA$9.05
+9.93%
8.66%CA$10.65CA$8.02CA$31.447
Nov ’25CA$8.58
CA$8.88
+3.46%
12.97%CA$10.51CA$7.00CA$31.717
Oct ’25CA$7.88
CA$7.97
+1.13%
9.41%CA$9.50CA$7.00CA$33.317
Sep ’25CA$7.02
CA$7.81
+11.32%
10.65%CA$9.50CA$6.94CA$26.507
Aug ’25CA$6.79
CA$8.00
+17.75%
13.96%CA$9.51CA$6.03CA$16.667
Jul ’25CA$6.18
CA$7.80
+26.26%
12.93%CA$9.29CA$6.00CA$17.377
Jun ’25CA$7.27
CA$7.45
+2.52%
12.34%CA$8.97CA$5.97CA$16.257
May ’25CA$7.40
CA$7.74
+4.58%
13.48%CA$9.32CA$6.05CA$13.928
Apr ’25CA$6.38
CA$7.33
+14.94%
22.04%CA$11.09CA$5.99CA$14.318
Mar ’25CA$5.78
CA$7.30
+26.34%
20.63%CA$10.99CA$5.99CA$14.438
Feb ’25CA$13.19
CA$20.12
+52.53%
16.88%CA$25.84CA$16.85CA$11.648
Jan ’25CA$14.22
CA$21.23
+49.32%
15.68%CA$26.01CA$16.59CA$10.048
CA$39.73
Fair Value
16.5% undervalued intrinsic discount
7
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/15 23:01
End of Day Share Price 2026/01/15 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SSR Mining Inc. is covered by 23 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kevin O'HalloranBMO Capital Markets Equity Research
Lawson WinderBofA Global Research
Adam GrafB. Riley Securities, Inc.