"Surging precious metals prices have led to absolutely incredible earnings growth for the likes of SSR Mining and its peers, with SSRM stock trading at a forward price-earnings multiple of just 7-times, even after its recent impressive year-to-date rally of 230%. That's the kind of solid momentum and forward earnings multiple most investors want to see. SSR Mining still remains healthy and undervalued according to a number of analysts which cover this stock,"
"As a relatively overlooked mid-tier gold miner in a sector many investors think will likely head lower in line with gold prices (we have seen a rather incredible peak of late), those who think gold's rally is still far from done may have a compelling buying opportunity here. I'm still bullish on the price of gold long-term, and SSR Mining represents one of the most compelling options in this sector right now, in my view."
Alternative assets encompass private equity, real estate, and digital assets while numerous publicly traded options exist such as REITs and crypto-related stocks. Certain publicly traded companies in alternative sectors can deliver increased portfolio diversification and improved long-term risk-adjusted returns at reasonable valuations. SSR Mining exemplifies a potentially attractive option amid surging precious-metals prices that have driven substantial earnings growth. SSRM trades at a forward price-earnings multiple near 7-times despite a year-to-date rally of roughly 230%, and analysts view the company as healthy and undervalued. As an overlooked mid-tier gold miner, SSR Mining may offer a compelling buying opportunity for investors bullish on gold.
Read at 24/7 Wall St.
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