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Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30%
Weak multi-year price returns
3Y Excs Rtn is -20%
Stock price has recently run up significantly
12M Rtn12 month market price return is 257%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
  Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 84%
2 Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, Battery Technology & Metals, and Electrification of Everything. Themes include Metals for Renewable Energy, Show more.
  
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
2 Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, Battery Technology & Metals, and Electrification of Everything. Themes include Metals for Renewable Energy, Show more.
3 Weak multi-year price returns
3Y Excs Rtn is -20%
4 Stock price has recently run up significantly
12M Rtn12 month market price return is 257%
5 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 84%

Valuation, Metrics & Events

SSRM Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Information regarding an 11% stock movement for SSR Mining (SSRM) for the approximate time period from August 31, 2025, to December 4, 2025, is not evident in the available information. While the stock saw significant movement in 2025, including a yearly increase of 198.61%, a specific 11% movement for the requested period and its explanatory factors are not identified.

Show more

Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
SSRM Return4%-11%-10%-30%-35%212%18%
Peers Return41%-14%-6%-1%9%128%178%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
SSRM Win Rate42%58%50%50%50%80% 
Peers Win Rate48%45%48%52%47%78% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
SSRM Max Drawdown-44%-31%-26%-31%-63%0% 
Peers Max Drawdown-27%-28%-32%-22%-21%-0% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: B, FNV, FSM, NEM, AEM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique KeyEventSSRMS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-56.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven131.9%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven657 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-44.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven78.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven56 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-33.9%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven51.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven343 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-86.5%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven638.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1480 days

Compare to B, FNV, FSM, NEM, AEM


In The Past

SSR Mining's stock fell -56.9% during the 2022 Inflation Shock from a high on 4/20/2022. A -56.9% loss requires a 131.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About SSR Mining (SSRM)

Better Bets than SSR Mining (SSRM)

Latest Trefis Analyses

Trade Ideas

Select past ideas related to SSRM. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
DD_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025DDDuPont de NemoursDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
3.4%3.4%-0.2%
CF_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025CFCF IndustriesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
1.0%1.0%-1.1%
HL_11212025_Quality_Momentum_RoomToRun_10%11212025HLHecla MiningQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
29.7%29.7%0.0%
CDE_11072025_Dip_Buyer_ValueBuy11072025CDECoeur MiningDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
9.9%9.9%-5.7%
ATR_10312025_Dip_Buyer_ValueBuy10312025ATRAptarGroupDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
5.2%5.2%-2.5%
SSRM_4302024_Dip_Buyer_High_CFO_Margins_ExInd_DE04302024SSRMSSR MiningDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
19.2%98.5%-18.8%
SSRM_8312022_Dip_Buyer_FCFYield08312022SSRMSSR MiningDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.6%12.2%-3.9%
SSRM_6302021_Dip_Buyer_FCFYield06302021SSRMSSR MiningDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
11.7%8.5%-8.4%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
DD_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025DDDuPont de NemoursDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
3.4%3.4%-0.2%
CF_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025CFCF IndustriesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
1.0%1.0%-1.1%
HL_11212025_Quality_Momentum_RoomToRun_10%11212025HLHecla MiningQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
29.7%29.7%0.0%
CDE_11072025_Dip_Buyer_ValueBuy11072025CDECoeur MiningDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
9.9%9.9%-5.7%
ATR_10312025_Dip_Buyer_ValueBuy10312025ATRAptarGroupDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
5.2%5.2%-2.5%
SSRM_4302024_Dip_Buyer_High_CFO_Margins_ExInd_DE04302024SSRMSSR MiningDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
19.2%98.5%-18.8%
SSRM_8312022_Dip_Buyer_FCFYield08312022SSRMSSR MiningDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.6%12.2%-3.9%
SSRM_6302021_Dip_Buyer_FCFYield06302021SSRMSSR MiningDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
11.7%8.5%-8.4%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for SSR Mining

Peers to compare with:

Financials

SSRMBFNVFSMNEMAEMMedian
NameSSR Mini.Barrick .Franco-N.Fortuna .Newmont Agnico E. 
Mkt Price21.4440.50202.459.5589.65169.1865.08
Mkt Cap4.369.539.02.998.385.054.3
Rev LTM1,43113,8241,5461,35221,50310,5686,057
Op Inc LTM2965,3511,0694269,3595,2233,146
FCF LTM192--8562266,1223,645226
FCF 3Y Avg101--161242,6362,041124
CFO LTM395-1,3104559,2245,8371,310
CFO 3Y Avg293-1,0563395,6163,8831,056

Growth & Margins

SSRMBFNVFSMNEMAEMMedian
NameSSR Mini.Barrick .Franco-N.Fortuna .Newmont Agnico E. 
Rev Chg LTM30.3%16.9%41.1%68.1%26.6%35.2%32.7%
Rev Chg 3Y Avg6.3%5.9%7.7%26.7%23.9%26.0%15.8%
Rev Chg Q49.9%16.4%76.9%38.3%20.0%41.9%40.1%
QoQ Delta Rev Chg LTM9.9%3.9%15.9%5.4%4.5%9.4%7.4%
Op Mgn LTM20.7%38.7%69.1%31.5%43.5%49.4%41.1%
Op Mgn 3Y Avg8.6%29.4%64.1%22.0%23.9%36.0%26.7%
QoQ Delta Op Mgn LTM4.4%3.2%0.8%2.9%4.5%3.6%3.4%
CFO/Rev LTM27.6%-84.7%33.7%42.9%55.2%42.9%
CFO/Rev 3Y Avg22.3%-81.3%35.4%32.6%45.6%35.4%
FCF/Rev LTM13.4%--55.4%16.7%28.5%34.5%16.7%
FCF/Rev 3Y Avg7.2%-4.6%11.7%13.8%22.7%11.7%

Valuation

SSRMBFNVFSMNEMAEMMedian
NameSSR Mini.Barrick .Franco-N.Fortuna .Newmont Agnico E. 
Mkt Cap4.369.539.02.998.385.054.3
P/S3.52.627.82.04.38.03.9
P/EBIT17.16.336.75.98.916.212.5
P/E22.512.946.711.912.924.617.7
P/CFO12.5-32.86.010.014.512.5
Total Yield4.4%9.2%2.4%8.4%9.0%4.9%6.7%
Dividend Yield0.0%1.4%0.3%0.0%1.2%0.8%0.6%
FCF Yield 3Y Avg2.4%-0.4%6.2%3.6%3.9%3.6%
D/E0.10.00.00.10.10.00.0
Net D/E-0.00.0-0.0-0.1-0.0-0.0-0.0

Returns

SSRMBFNVFSMNEMAEMMedian
NameSSR Mini.Barrick .Franco-N.Fortuna .Newmont Agnico E. 
1M Rtn-6.3%23.0%7.8%16.2%10.2%4.3%9.0%
3M Rtn5.3%50.0%6.8%22.8%19.6%14.0%16.8%
6M Rtn74.2%103.1%14.8%41.7%63.2%37.6%52.4%
12M Rtn257.3%134.8%66.7%92.2%119.3%99.3%109.3%
3Y Rtn38.0%155.4%43.6%144.9%102.1%250.1%123.5%
1M Excs Rtn-6.3%23.1%7.8%16.2%10.2%4.4%9.0%
3M Excs Rtn-0.3%44.0%1.2%20.0%14.7%8.9%11.8%
6M Excs Rtn59.4%88.4%0.1%27.0%48.5%22.8%37.7%
12M Excs Rtn255.5%122.9%53.2%86.2%103.8%89.4%96.6%
3Y Excs Rtn-20.3%109.7%-22.8%103.2%49.2%204.6%76.2%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Marigold538349426410315
Çöpler442355608206 
Puna282199226103145
Seabee164245214135146
Corporate and other00   
Total1,4271,1481,474853607


Operating Income by Segment
$ Mil20242023202220212020
Marigold1889016915574
Puna723479728
Seabee-27106904652
Corporate and other-75-80-62-53 
Çöpler-2884020147 
Exploration, evaluation and development properties  -33-13-4
Other reconciling items    -28
Total-130190444188122


Assets by Segment
$ Mil20242023202220212020
Çöpler2,9153,2992,2902,254 
Corporate and other899391659623 
Marigold782668566602524
Seabee464582479454485
Puna325315293225271
Exploration, evaluation and development properties  9231,019115
Other reconciling items    355
Total5,3865,2555,2115,1771,750


Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity11,181,617
Short Interest: % Change Since 10312025-0.7%
Average Daily Volume3,034,073
Days-to-Cover Short Interest3.69
Basic Shares Quantity202,783,000
Short % of Basic Shares5.5%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251104202510-Q 9/30/2025
6302025805202510-Q 6/30/2025
3312025506202510-Q 3/31/2025
12312024218202510-K 12/31/2024
93020241106202410-Q 9/30/2024
6302024731202410-Q 6/30/2024
3312024508202410-Q 3/31/2024
12312023227202410-K 12/31/2023
93020231101202310-Q 9/30/2023
6302023802202310-Q 6/30/2023
3312023504202310-Q 3/31/2023
12312022222202310-K 12/31/2022
93020221108202210-Q 9/30/2022
6302022802202210-Q 6/30/2022
3312022503202210-Q 3/31/2022
12312021223202210-K 12/31/2021