<ul>
<li>你是否曾想过 SSR Mining 可能是一个被低估的宝藏，还是市场已经充分反映了它的真实价值？让我们深入探讨一下这只股票为何值得关注，特别是如果你在寻找材料行业的价值机会。</li>
<li>SSR Mining 的股票表现令人瞩目，过去一周上涨了 5.6%，过去一年更是惊人地上涨了 293.2%。这表明投资者的新兴趣和潜在的风险认知变化。</li>
<li>最近的头条新闻将这波上涨部分归因于黄金价格的上涨和对商品的日益关注。几位分析师强调，SSR Mining 的战略收购和勘探成功是推动市场情绪的重要因素。该公司还因运营更新和行业合作伙伴关系而备受关注，这些都可能影响其长期增长路径。</li>
<li>我们的初步估值检查给 SSR Mining 打了 3 分（满分 6 分），这意味着它在三个关键指标上看起来被低估。请在这里查看完整的细分。在接下来的部分中，我们将逐步介绍这些估值方法，并揭示一个更深入的理解 SSR Mining 真实价值的方式。</li>
</ul>
<p>SSR Mining 在过去一年中实现了 293.2% 的回报。看看这与其他金属和矿业行业的表现相比如何。</p>
<h3>方法 1：SSR Mining 折现现金流（DCF）分析</h3>
<p>折现现金流（DCF）模型通过预测公司的未来现金流并将其折现回今天的价值来估算公司的价值。对于 SSR Mining，这种方法使用了 2 阶段自由现金流到股东模型，将分析师的估计与长期预测相结合。</p>
<p>SSR Mining 最近的过去十二个月自由现金流为 1.793 亿美元。分析师提供了未来几年的年度现金流预测，Simply Wall St 在分析师共识的基础上进行了更长期的推算。根据这些计算，该公司的自由现金流预计将增长，到 2035 年达到约 10.3 亿美元。</p>
<p>基于这些预测，DCF 模型计算出的每股内在价值为 110.94 美元。与当前股价相比，这表明 SSR Mining 的交易价格有 71.3% 的显著折扣。这种估值方法表明，该股票在目前的水平上显著被低估。</p>
<p><strong>结果：被低估</strong></p>
<p>我们的折现现金流（DCF）分析表明 SSR Mining 被低估了 71.3%。在你的观察列表或投资组合中跟踪这一点，或发现基于现金流的 927 只更多被低估的股票。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9ec00909-12d0-484a-aba9-ca830c35ae80/chart/dcf?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9ec00909-12d0-484a-aba9-ca830c35ae80/chart/dcf"/></p>
<p>截至 2025 年 11 月的 SSRM 折现现金流</p>
<p>前往我们公司报告的估值部分，了解我们如何得出 SSR Mining 的公允价值的更多细节。</p>
<h3>方法 2：SSR Mining 市盈率</h3>
<p>市盈率（PE）是评估盈利公司的一种流行方式，因为它反映了投资者愿意为每一美元的收益支付多少。对于像 SSR Mining 这样的公司，它产生稳定的利润，市盈率作为当前估值情绪的有用快照。</p>
<p>需要记住的是，适当或 “公允” 的市盈率取决于多个因素，包括公司的预期收益增长和其感知的风险特征。通常，具有更强增长前景或较低风险的公司可以合理化更高的市盈率，而增长缓慢或风险较高的公司通常会导致较低的市盈率。</p>
<p>SSR Mining 当前的市盈率为 20.9 倍。这略高于金属和矿业行业的平均水平 19.6 倍，也略高于其直接同行的平均水平 20.1 倍。然而，Simply Wall St 为 SSR Mining 计算的公允市盈率为 39.4 倍。这个公允市盈率不仅考虑了增长预测和风险，还考虑了利润率、市场资本化和行业动态等因素。这使得它比单纯与同行或行业进行比较更具整体性。</p>
<p>由于 SSR Mining 当前的市盈率远低于其公允市盈率，这一比较表明市场在相对于其真实盈利能力和潜力方面低估了该公司。</p>
<p><strong>结果：被低估</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9ec00909-12d0-484a-aba9-ca830c35ae80/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9ec00909-12d0-484a-aba9-ca830c35ae80/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 11 月的 TSX:SSRM 市盈率</p>
<p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现 1433 家内部人士正在大举押注于爆炸性增长的公司。</p>
<h3>升级你的决策：选择你的 SSR Mining 叙述</h3>
<p>我们之前提到过，有一种更好的方式来理解估值，所以让我们向你介绍叙述。这是一种简单而动态的方法，让你为像 SSR Mining 这样的公司讲述数字背后的故事。</p>
<p>叙述是你的视角。你将对公司未来的看法与自己的公允价值、收入、收益和利润率预测结合起来，创造一个将商业洞察与财务结果直接联系起来的故事。</p>
<p>这种方法强有力地将公司的前景与财务预测以及最终的公允价值联系起来。它使你能够看到你的投资论点如何转化为买入或卖出的机会。</p>
<p>在 Simply Wall St 的平台上，叙述特别容易使用，数百万投资者在社区页面上创建和更新他们的观点，帮助每个人在新信息或收益出现时迅速发现机会或风险。</p>
<p>通过使用叙述，你可以快速将你的公允价值与最新的股价进行比较。这使你能够根据自己的信念决定 SSR Mining 是买入、持有还是卖出，而不仅仅是基于市场情绪。</p>
<p>例如，一些使用叙述的投资者认为 SSR Mining 的公司价值可能高达每股 38.96 加元（受到持续高黄金价格和运营改善的推动），而其他人则持更谨慎的观点，将公允价值定在仅 14.72 加元，原因是监管和成本风险。</p>
<p>你认为 SSR Mining 的故事还有更多内容吗？快来我们的社区看看其他人怎么说！</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9ec00909-12d0-484a-aba9-ca830c35ae80/chart/community-fair-value?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9ec00909-12d0-484a-aba9-ca830c35ae80/chart/community-fair-value"/></p>
<p>截至 2025 年 11 月的 TSX:SSRM 社区公允价值</p>
<p><em>这篇文章来自 Simply Wall St，内容具有一般性。<strong>我们基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不意图提供财务建议。</strong> 这并不构成买卖任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>

SSRM

<p>SSR Mining 的股票在过去一年中上涨了 293.2%，主要受到黄金价格上涨、战略收购和勘探成功的推动。分析师指出该公司被低估，折现现金流（DCF）分析显示其内在价值有 71.3% 的折扣。市盈率（PE）也表明与行业平均水平相比存在低估。该股票近期的表现和估值指标表明，它可能是材料行业中的一颗隐藏的明珠</p>

<ul>
<li>Ever wondered if SSR Mining might be a hidden gem or if the market has already priced in its true worth? Let's dig into what makes this stock worth a closer look, especially if you're eyeing value opportunities in the materials sector.</li>
<li>SSR Mining's stock has surged impressively, climbing 5.6% over the last week and an astonishing 293.2% over the past year. This signals fresh investor interest and potentially shifting risk perceptions.</li>
<li>Recent headlines attribute part of this rally to rising gold prices and growing interest in commodities. Several analysts highlight SSR Mining's strategic acquisitions and exploration successes as significant factors driving sentiment. The company has also been in the spotlight for operational updates and industry partnerships that could shape its long-term growth path.</li>
<li>Our preliminary valuation checks score SSR Mining a 3 out of 6, meaning it appears undervalued on three key measures. See the full breakdown here. In the sections ahead, we’ll walk through these valuation approaches and reveal an even more insightful way to understand what SSR Mining is really worth.</li>
</ul>
<div class="lb-trans"><ul>
<li>你是否曾想过 SSR Mining 可能是一个被低估的宝藏，还是市场已经充分反映了它的真实价值？让我们深入探讨一下这只股票为何值得关注，特别是如果你在寻找材料行业的价值机会。</li>
<li>SSR Mining 的股票表现令人瞩目，过去一周上涨了 5.6%，过去一年更是惊人地上涨了 293.2%。这表明投资者的新兴趣和潜在的风险认知变化。</li>
<li>最近的头条新闻将这波上涨部分归因于黄金价格的上涨和对商品的日益关注。几位分析师强调，SSR Mining 的战略收购和勘探成功是推动市场情绪的重要因素。该公司还因运营更新和行业合作伙伴关系而备受关注，这些都可能影响其长期增长路径。</li>
<li>我们的初步估值检查给 SSR Mining 打了 3 分（满分 6 分），这意味着它在三个关键指标上看起来被低估。请在这里查看完整的细分。在接下来的部分中，我们将逐步介绍这些估值方法，并揭示一个更深入的理解 SSR Mining 真实价值的方式。</li>
</ul>
</div><p>SSR Mining delivered 293.2% returns over the last year. See how this stacks up to the rest of the Metals and Mining industry.</p>
<div class="lb-trans"><p>SSR Mining 在过去一年中实现了 293.2% 的回报。看看这与其他金属和矿业行业的表现相比如何。</p>
</div><h3>Approach 1: SSR Mining Discounted Cash Flow (DCF) Analysis</h3>
<div class="lb-trans"><h3>方法 1：SSR Mining 折现现金流（DCF）分析</h3>
</div><p>The Discounted Cash Flow (DCF) model estimates a company's value by forecasting its future cash flows and then discounting them back to their value today. For SSR Mining, this approach uses a 2 Stage Free Cash Flow to Equity model, blending analyst estimates with long-term projections.</p>
<div class="lb-trans"><p>折现现金流（DCF）模型通过预测公司的未来现金流并将其折现回今天的价值来估算公司的价值。对于 SSR Mining，这种方法使用了 2 阶段自由现金流到股东模型，将分析师的估计与长期预测相结合。</p>
</div><p>SSR Mining’s latest trailing twelve month Free Cash Flow stands at $179.3 Million. Analysts provide annual cash flow forecasts for the next several years, with Simply Wall St extrapolating beyond analyst consensus for longer-term projections. According to these calculations, the company’s Free Cash Flow is expected to grow, reaching around $1.03 Billion by 2035.</p>
<div class="lb-trans"><p>SSR Mining 最近的过去十二个月自由现金流为 1.793 亿美元。分析师提供了未来几年的年度现金流预测，Simply Wall St 在分析师共识的基础上进行了更长期的推算。根据这些计算，该公司的自由现金流预计将增长，到 2035 年达到约 10.3 亿美元。</p>
</div><p>Based on these projections, the DCF model computes an intrinsic value per share of $110.94. Compared to current share prices, this suggests that SSR Mining is trading at a substantial 71.3% discount. This valuation method signals that the stock is significantly undervalued at its present levels.</p>
<div class="lb-trans"><p>基于这些预测，DCF 模型计算出的每股内在价值为 110.94 美元。与当前股价相比，这表明 SSR Mining 的交易价格有 71.3% 的显著折扣。这种估值方法表明，该股票在目前的水平上显著被低估。</p>
</div><p><strong>Result: UNDERVALUED</strong></p>
<div class="lb-trans"><p><strong>结果：被低估</strong></p>
</div><p>Our Discounted Cash Flow (DCF) analysis suggests SSR Mining is undervalued by 71.3%. Track this in your watchlist or portfolio, or discover 927 more undervalued stocks based on cash flows.</p>
<div class="lb-trans"><p>我们的折现现金流（DCF）分析表明 SSR Mining 被低估了 71.3%。在你的观察列表或投资组合中跟踪这一点，或发现基于现金流的 927 只更多被低估的股票。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9ec00909-12d0-484a-aba9-ca830c35ae80/chart/dcf" alt="" original-src="https://images.simplywall.st/company/9ec00909-12d0-484a-aba9-ca830c35ae80/chart/dcf"/></p>
<p>SSRM Discounted Cash Flow as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 SSRM 折现现金流</p>
</div><p>Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for SSR Mining.</p>
<div class="lb-trans"><p>前往我们公司报告的估值部分，了解我们如何得出 SSR Mining 的公允价值的更多细节。</p>
</div><h3>Approach 2: SSR Mining Price vs Earnings</h3>
<div class="lb-trans"><h3>方法 2：SSR Mining 市盈率</h3>
</div><p>The Price-to-Earnings (PE) ratio is a popular way to value profitable companies because it captures how much investors are willing to pay for each dollar of earnings. For a company like SSR Mining, which generates consistent profits, the PE ratio serves as a useful snapshot of current valuation sentiment.</p>
<div class="lb-trans"><p>市盈率（PE）是评估盈利公司的一种流行方式，因为它反映了投资者愿意为每一美元的收益支付多少。对于像 SSR Mining 这样的公司，它产生稳定的利润，市盈率作为当前估值情绪的有用快照。</p>
</div><p>It is important to keep in mind that an appropriate or “fair” PE ratio depends on several factors, including a company’s expected earnings growth and its perceived risk profile. Generally, companies with stronger growth prospects or lower risks can justify higher PE multiples, while slower growth or elevated risks typically result in a lower ratio.</p>
<div class="lb-trans"><p>需要记住的是，适当或 “公允” 的市盈率取决于多个因素，包括公司的预期收益增长和其感知的风险特征。通常，具有更强增长前景或较低风险的公司可以合理化更高的市盈率，而增长缓慢或风险较高的公司通常会导致较低的市盈率。</p>
</div><p>SSR Mining currently trades at a PE ratio of 20.9x. This is slightly above the Metals and Mining industry average of 19.6x, and just above the average of its direct peers at 20.1x. However, Simply Wall St’s proprietary Fair Ratio for SSR Mining is calculated at 39.4x. This Fair Ratio incorporates not only growth forecasts and risks, but also factors like profit margins, market capitalisation, and industry dynamics. This makes it a more holistic measure than simply comparing with peers or the sector.</p>
<div class="lb-trans"><p>SSR Mining 当前的市盈率为 20.9 倍。这略高于金属和矿业行业的平均水平 19.6 倍，也略高于其直接同行的平均水平 20.1 倍。然而，Simply Wall St 为 SSR Mining 计算的公允市盈率为 39.4 倍。这个公允市盈率不仅考虑了增长预测和风险，还考虑了利润率、市场资本化和行业动态等因素。这使得它比单纯与同行或行业进行比较更具整体性。</p>
</div><p>Because SSR Mining’s current PE sits well below its Fair Ratio, this comparison suggests the market is undervaluing the company relative to its true earnings power and potential.</p>
<div class="lb-trans"><p>由于 SSR Mining 当前的市盈率远低于其公允市盈率，这一比较表明市场在相对于其真实盈利能力和潜力方面低估了该公司。</p>
</div><p><strong>Result: UNDERVALUED</strong></p>
<div class="lb-trans"><p><strong>结果：被低估</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9ec00909-12d0-484a-aba9-ca830c35ae80/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/9ec00909-12d0-484a-aba9-ca830c35ae80/chart/pe-multiple-vs-industry"/></p>
<p>TSX:SSRM PE Ratio as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 TSX:SSRM 市盈率</p>
</div><p>PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1433 companies where insiders are betting big on explosive growth.</p>
<div class="lb-trans"><p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现 1433 家内部人士正在大举押注于爆炸性增长的公司。</p>
</div><h3>Upgrade Your Decision Making: Choose your SSR Mining Narrative</h3>
<div class="lb-trans"><h3>升级你的决策：选择你的 SSR Mining 叙述</h3>
</div><p>Earlier we mentioned that there is an even better way to understand valuation, so let's introduce you to Narratives. This is a simple, yet dynamic approach that lets you tell your story behind the numbers for a company like SSR Mining.</p>
<div class="lb-trans"><p>我们之前提到过，有一种更好的方式来理解估值，所以让我们向你介绍叙述。这是一种简单而动态的方法，让你为像 SSR Mining 这样的公司讲述数字背后的故事。</p>
</div><p>A Narrative is your perspective. You combine what you believe about the company’s future with your own fair value, revenue, earnings, and margin forecasts, creating a story that ties business insights directly to financial outcomes.</p>
<div class="lb-trans"><p>叙述是你的视角。你将对公司未来的看法与自己的公允价值、收入、收益和利润率预测结合起来，创造一个将商业洞察与财务结果直接联系起来的故事。</p>
</div><p>This approach powerfully connects a company's outlook to a financial forecast and, ultimately, a fair value. It allows you to see how your investment thesis translates into a buying or selling opportunity.</p>
<div class="lb-trans"><p>这种方法强有力地将公司的前景与财务预测以及最终的公允价值联系起来。它使你能够看到你的投资论点如何转化为买入或卖出的机会。</p>
</div><p>Narratives are especially easy to use on Simply Wall St's platform, where millions of investors create and update their views in the Community page, helping everyone spot opportunities or risks as soon as new information or earnings emerge.</p>
<div class="lb-trans"><p>在 Simply Wall St 的平台上，叙述特别容易使用，数百万投资者在社区页面上创建和更新他们的观点，帮助每个人在新信息或收益出现时迅速发现机会或风险。</p>
</div><p>By using Narratives, you can quickly compare your fair value with the latest share price. This allows you to decide whether SSR Mining is a buy, hold, or sell based on your own convictions, rather than just market sentiment.</p>
<div class="lb-trans"><p>通过使用叙述，你可以快速将你的公允价值与最新的股价进行比较。这使你能够根据自己的信念决定 SSR Mining 是买入、持有还是卖出，而不仅仅是基于市场情绪。</p>
</div><p>For example, some investors using Narratives for SSR Mining believe the company could be worth as much as CA$38.96 per share (driven by sustained high gold prices and operational improvements), while others take a more cautious view, pegging fair value at just CA$14.72 due to regulatory and cost risks.</p>
<div class="lb-trans"><p>例如，一些使用叙述的投资者认为 SSR Mining 的公司价值可能高达每股 38.96 加元（受到持续高黄金价格和运营改善的推动），而其他人则持更谨慎的观点，将公允价值定在仅 14.72 加元，原因是监管和成本风险。</p>
</div><p>Do you think there's more to the story for SSR Mining? Head over to our Community to see what others are saying!</p>
<div class="lb-trans"><p>你认为 SSR Mining 的故事还有更多内容吗？快来我们的社区看看其他人怎么说！</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9ec00909-12d0-484a-aba9-ca830c35ae80/chart/community-fair-value" alt="" original-src="https://images.simplywall.st/company/9ec00909-12d0-484a-aba9-ca830c35ae80/chart/community-fair-value"/></p>
<p>TSX:SSRM Community Fair Values as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 TSX:SSRM 社区公允价值</p>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>这篇文章来自 Simply Wall St，内容具有一般性。<strong>我们基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不意图提供财务建议。</strong> 这并不构成买卖任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
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SSR Mining 在金价上涨中飙升 293%：这一涨幅是否反映了其真实价值？