SSR MINING INC (NASDAQ:SSRM) – A Strong Growth Candidate Meeting Minervini’s Criteria

SSR MINING INC (NASDAQ:SSRM) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company, a gold producer with operations in Turkey and the Americas, shows strong technical and fundamental characteristics that make it a candidate for further analysis.

Technical Strength: Meeting Minervini’s Trend Template

SSRM satisfies key criteria from Minervini’s Trend Template, which focuses on stocks in strong uptrends:

• Price Above Key Moving Averages: SSRM trades above its 50-day ($10.65), 150-day ($8.66), and 200-day ($7.88) moving averages, confirming a bullish trend.
• Upward-Sloping Moving Averages: The 50-day, 150-day, and 200-day MAs are all trending upward, reinforcing long-term strength.
• Relative Strength: With a ChartMill Relative Strength score of 96.87, SSRM outperforms nearly 97% of all stocks, indicating strong momentum.
• Price Near 52-Week High: At $11.74, SSRM is within 1.3% of its 52-week high ($11.89), a sign of sustained upward momentum.

Growth Fundamentals

While SSRM’s trailing earnings growth has been inconsistent, recent improvements suggest potential acceleration:

• Quarterly EPS Growth: The latest quarter showed a 163.6% year-over-year increase in EPS, a sharp rebound from prior declines.
• Revenue Growth: Sales grew 37.5% in the most recent quarter, reversing previous negative trends.
• Profit Margin Expansion: The latest quarter’s profit margin improved to 18.6%, up from 1.7% in the prior quarter.
• Analyst Revisions: Both EPS and revenue estimates for the next year have been revised upward by 26.7% over the past three months, signaling improving sentiment.

Technical Outlook

SSRM’s technical rating of 10/10 from ChartMill highlights its strong trend and momentum. The stock is consolidating near resistance at $11.75, with support around $10.52. A breakout above $11.76 could present an entry opportunity, with a stop-loss near $10.46.

For more details, review the full technical report on SSRM.

Our High Growth Momentum + Trend Template screener lists more stocks with similar growth and trend characteristics.

Disclaimer

This is not investment advice. Always conduct your own research and consider risk management before making investment decisions.