SSR Mining Inc. (SSRM) Shares Soar 5.63% on Mining Sector Recovery, Operational Resilience

SSR Mining Inc. (SSRM) shares surged 5.52% in intraday trading on August 29, 2023, reaching a new peak since August 2025. The stock climbed 5.63% during the session, reflecting renewed investor confidence amid a broader recovery in the mining sector.

The rally was fueled by a combination of technical strength and operational resilience. SSRM’s price has consistently outperformed its 20-, 50-, and 100-day moving averages, supported by a Weighted Alpha of +253.05, signaling strong upward momentum. Analysts noted that the stock’s 51.43% gain over the past month underscores its appeal to momentum-driven investors, despite an overbought Relative Strength Index (RSI) of 77.42, which could signal short-term volatility.

Fundamental projections also bolster the case for SSRM. The company is expected to achieve 55.72% revenue growth in 2023 and 22.33% in 2024, driven by its focus on gold, silver, and mineral exploration. Earnings are projected to rise sharply, with a 439.23% increase anticipated in 2023 and an additional 63.38% in 2024. Strategic acquisitions, including the CC&V mine in Colorado, and the resumption of operations at the Seabee mine in Canada after a brief shutdown, highlight SSRM’s operational flexibility and long-term growth potential.

However, mixed sentiment persists. While 3 “Strong Buy” ratings and a 14,930-strong retail investor base back the stock, concerns about valuation linger. A trailing P/E of 19.83 and a forward P/E of 22.6 suggest growth is already priced in. Analysts caution that SSRM’s volatility—marked by a 260% annual gain—requires caution, with some warning of a potential correction if earnings fail to meet ambitious targets or commodity prices falter. Investors are advised to monitor operational stability and macroeconomic conditions, which remain critical to the stock’s trajectory.