SSR MINING INC (NASDAQ:SSRM) – A Strong Contender in High Growth Momentum and Minervini’s Trend Template

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

Why SSRM Fits Minervini’s Trend Template

Minervini’s strategy focuses on stocks with strong uptrends, high relative strength, and favorable moving average alignments. SSRM meets these criteria:

• Price Above Key Moving Averages: The stock trades above its 50-day ($11.25), 150-day ($9.26), and 200-day ($8.40) moving averages, confirming a bullish trend.
• Rising Moving Averages: Both the 150-day and 200-day MAs are trending upward, reinforcing long-term strength.
• Relative Strength: With a ChartMill Relative Strength score of 97.77, SSRM outperforms nearly 98% of all stocks.
• Near 52-Week High: The stock is trading within 2% of its 52-week high ($13.33), indicating strong momentum.

High Growth Momentum Fundamentals

Beyond technical strength, SSRM shows signs of accelerating growth:

• Recent Earnings Growth: Quarterly EPS surged 163.6% year-over-year, a sharp rebound from previous declines.
• Revenue Beat: The company has beaten revenue estimates in three of the last four quarters, with an average beat of 9.97%.
• Profit Margin Expansion: The latest quarter’s profit margin improved to 18.57%, up from 1.72% in the prior quarter.
• Analyst Revisions: EPS and revenue estimates for the next year have been revised upward by 0.27% and 2.42%, respectively, over the past three months.

Technical Outlook

SSRM’s technical report highlights:

• A strong uptrend in both short-term and long-term timeframes.
• Multiple support zones, with the nearest around $12.26.
• High liquidity, with average daily volume exceeding 2.6 million shares.

For a deeper technical breakdown, review the full technical analysis report.

Our High Growth Momentum + Trend Template screener lists more stocks with similar characteristics, updated daily.

Disclaimer

This is not investment advice. The observations are based on current data, but market conditions can change. Always conduct your own research before making investment decisions.