01. SSR Mining Inc. (NASDAQ:SSRM)
Forward P/E ratio: 6.07
SSR Mining Inc. (NASDAQ:SSRM), together with its subsidiaries, engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits.
Among the 7 Best Undervalued Stocks to Buy Now Under $20, SSR Mining Inc. (NASDAQ:SSRM) is a standout contender, and not just because of its low share price. With a forward P/E ratio of just 6.07, a PEG ratio of 0.35, and a debt to equity ratio of only 0.11 as of June 13, 2025, SSR Mining Inc. (NASDAQ:SSRM) presents an appealing mix of value, growth potential, and financial prudence. This is a rare combination in today’s market.
SSR Mining Inc. (NASDAQ:SSRM) latest earnings call highlights why it belongs on every value investor’s radar. The company produced 104,000 gold equivalent ounces in Q1, including early production from its newly acquired Cripple Creek and Victor (CC&V) mine. Despite the industry's inflationary pressures, SSRM maintained an all in sustaining cost (AISC) of $1,972 per ounce, which drops to $1,749 when excluding the temporarily idle Copler mine’s maintenance costs. This reflects disciplined cost control across its core operations.
Financially, the company is on solid ground. Operating cash flow hit $85 million, with free cash flow at $39 million, even after a $100 million payment to acquire CC&V. Ending the quarter with $320 million in cash and a total liquidity position exceeding $800 million, SSR Mining Inc. (NASDAQ:SSRM) is not only solvent but strategically positioned for future growth.
What’s more impressive is the 2025 production guidance, projecting a 10% increase over last year, targeting 410,000 to 480,000 gold equivalent ounces. Marigold and Seabee mines delivered solid performances, with Seabee producing 26,000 ounces at a low AISC of $1,374, thanks to higher than average grades. Silver production wasn’t left behind either. The Puna operation churned out 2.5 million ounces at an AISC of just $13.16, and management is already working on mine life extension initiatives.
The outlook is even brighter with capital investment plans of $60 million to $100 million at Hod Maden, an advanced development project with considerable upside. Coupled with ongoing permitting efforts at Copler and a full technical report due for CC&V later this year, SSRM is investing wisely in long term value creation.
In short, SSR Mining Inc. (NASDAQ:SSRM) is more than just a cheap stock. It is a financially robust, operationally strong, and forward looking gold and silver producer trading well below its intrinsic value.
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