GET DAILY SIGNALSSSR Mining (SSRM) Delivers Q3 Revenue Growth but Misses Earnings Targets
Key Takeaways
- SSR Mining (SSRM) reported third quarter 2026 revenue of $447.7 million, up 16.0% year over year but below the roughly $504.6 million consensus estimate.
- Adjusted earnings per share came in at $0.64, missing the analyst consensus of $0.76 by $0.12.
- GAAP net income from continuing operations rose to $94.8 million, or $0.46 per diluted share, compared with $93.9 million, or $0.44 per share, a year earlier.
- Production was mixed across the portfolio, with stronger output at CC&V and Seabee offset by lower volumes at Marigold and Puna.
- The company continues to navigate higher all-in sustaining costs (AISC), a mining cost metric that includes operating expenses plus sustaining capital.
- For more on this ticker's Major News, Today's Price Move, Price Targets, and Forecast, explore the additional pages available for SSRM.
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Why This Quarter Matters
SSR Mining's third quarter 2026 report carries extra weight after a disappointing second quarter, when the company missed on both earnings and revenue. I was watching closely to see whether the Denver-based gold and silver miner could regain operational momentum. The results arrive amid a supportive gold-price environment, but also against a backdrop of cost inflation, notably in Argentina at the Puna operation, and planned maintenance downtime at the Seabee mine. As the third-largest gold producer in the United States, SSR Mining's quarterly figures offer a useful read on cost pressures and production reliability across the broader precious-metals sector. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Breaking Down the Reported Results
SSR Mining reported third quarter 2026 revenue of $447.7 million, a 16.0% increase from $385.8 million in the prior-year period, but below the consensus estimate of roughly $504.6 million. Adjusted net income attributable to shareholders was $130.7 million, or $0.64 per diluted share, missing analyst expectations of $0.76 per share. On a GAAP basis, net income from continuing operations was $94.8 million, or $0.46 per diluted share, versus $93.9 million, or $0.44 per share, a year ago.
Operating performance varied by asset. CC&V produced 31,567 ounces of gold (up from 29,821) and Seabee produced 15,949 ounces (up from 9,118). Marigold output fell to 29,135 ounces from 36,273 ounces, while Puna's silver production declined to 1.7 million ounces from 2.4 million ounces. Management noted that inflationary pressures in Argentina and planned maintenance at Seabee contributed to elevated all-in sustaining costs. From what I see, these operational details help explain the earnings shortfall.
Market Reaction and Investor Sentiment
The market's focus heading into the report was on whether SSR Mining could recover from its second quarter miss, making the third quarter's shortfall on both top and bottom lines a notable disappointment. With adjusted EPS of $0.64 versus a $0.76 consensus and revenue also below estimates, sentiment is likely to remain cautious in the near term. Broader conditions remain supportive for gold producers given elevated bullion prices, but cost inflation and operational variability at key assets are tempering enthusiasm. Investors will be parsing management's commentary on cost trends and production reliability to gauge whether the misses reflect one-off factors or a more persistent challenge.
Forward Outlook and Key Factors to Monitor
Looking ahead, investors should monitor SSR Mining's progress on cost control, particularly at Puna, where inflationary pressures in Argentina are pushing AISC above the full-year guidance range. Any signs of easing inflation or operational efficiency improvements could help restore margin confidence.
Production reliability will also be in focus. With the Seabee maintenance now complete and no further scheduled downtime expected before year-end, the fourth quarter offers a chance to demonstrate steadier throughput. Output at Marigold, which declined year over year, will be another area to watch for recovery.
Finally, keep an eye on broader gold-price dynamics and any updates on the company's growth initiatives and capital allocation. While favorable metal prices provide a tailwind, sustained free cash flow generation and disciplined spending will be key to whether SSR Mining can rebuild investor confidence following consecutive quarterly misses. I’m watching this closely as the year wraps up.
Using Tickeron AI Tools in My Analysis
In my research process, I frequently rely on Tickeron’s AI Screener to filter opportunities across the mining sector and compare technical patterns with peers. It helps me quickly surface ideas based on fundamentals and volatility without manual effort. This approach has become a regular part of how I evaluate earnings-driven names like SSRM.
Disclaimer
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
Momentum Indicator for SSRM turns negative, indicating new downward trend
SSRM saw its Momentum Indicator move below the 0 level on October 13, 2026. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 88 similar instances where the indicator turned negative. In 70 of the 88 cases, the stock moved further down in the following days. The odds of a decline are at 80%.
Technical Analysis (Indicators)
Bearish Trend Analysis
SSRM moved below its 50-day moving average on October 13, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SSRM crossed bearishly below the 50-day moving average on October 07, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 65%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SSRM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 73%.
The Aroon Indicator for SSRM entered a downward trend on October 30, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +4.58% 3-day Advance, the price is estimated to grow further. Considering data from situations where SSRM advanced for three days, in 230 of 312 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.
SSRM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 54 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.608) is normal, around the industry mean (1.743). P/E Ratio (22.661) is within average values for comparable stocks, (-12.676). Projected Growth (PEG Ratio) (0.110) is also within normal values, averaging (2.614). Dividend Yield (0.004) settles around the average of (0.357) among similar stocks. P/S Ratio (3.923) is also within normal values, averaging (7.321).
The Tickeron Profit vs. Risk Rating rating for this company is 60 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 67, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is 61 (best 1 - 100 worst), indicating steady price growth. SSRM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 74 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 78 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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General Information
a miner for gold and other minerals
Industry PreciousMetals
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