SSR Mining: A Spot of Luck in the Bullion Business

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Now, SSR Mining, a perfectly respectable firm dealing in the shiny metals, has been having a bit of a wobble, what with the market being the fickle beast it is. After four days of steadily climbing – a most encouraging sight, naturally – the stock took a brief dip yesterday, falling a good six percent. A temporary setback, you understand, quickly rectified this morning with a perkiness that would do a spring lamb proud!

As of this morning, around ten-thirty, if you please, the shares are up a cheerful 6.2%, putting them right back where they were on Wednesday. A most agreeable state of affairs, wouldn’t you agree? The company, you see, isn’t just about gold; they dabble in copper, silver, lead, and zinc, a diversified portfolio that one can only applaud.

A Rise in Precious Metals

The reason for this sudden burst of optimism? Gold, old boy, gold! It had a bit of a fling with an all-time high of $5,419.80 per ounce on January 28th, before taking a bit of a tumble to nearly $4,500 in early February. TradingEconomics.com, a source of unimpeachable accuracy, informs us that it’s bounced back above the $5,000 mark last week, dipped again yesterday (hence the aforementioned wobble), and is now, as we speak, comfortably above it – $5,001, to be precise. A most satisfactory recovery.

Silver, too, is playing its part. It peaked on January 28th at $116.58, then took a bit of a downward turn to $66, before rallying and then, rather unkindly, falling nearly ten percent yesterday. But fear not! At last report, it’s up around 0.9% today, breezing past $78 and heading, with admirable determination, towards $79. A spirited performance, wouldn’t you say?

It stands to reason, therefore, that with gold and silver both exhibiting a decided pep in their step, SSR Mining should follow suit. Elementary, my dear Watson, elementary.

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A Punt on SSR Mining?

Now, the question on everyone’s lips: will this upward trajectory continue? That, my friends, hinges largely on how much profit SSR Mining has managed to extract from these rising prices. We shall discover the answer on Tuesday, February 17th, when they unveil their Q4 earnings.

The analysts, those wise and discerning chaps, predict a profit of $0.57 per share – a staggering six times the Q4 2024 figure! – with full-year earnings of $1.72. On a $28 stock price, that works out to a price-to-earnings ratio of 16. And, get this, analysts believe earnings will more than double every year for the next five years! A most promising outlook, wouldn’t you agree?

Sounds like a buy to me. A dashedly clever investment, what!

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2026-02-13 19:14