SSR Mining Inc (NASDAQ:SSRM) Emerges as a Top Pick for Systematic Growth Strategies

SSR Mining Inc (NASDAQ:SSRM) has become an interesting option for investors using systematic growth strategies, especially those mixing Mark Minervini's trend-following system with high growth momentum filters. This combined method finds companies showing both solid technical momentum and improving fundamental results, a pairing often linked with strong market performance. The system focuses on stocks with clear upward trends confirmed by moving average positions, notable price gains from their lows, and good relative strength, while also needing proof of fundamental improvement in earnings, revenue growth, and favorable analyst changes.

Technical Strength and Trend Template Fit

SSRM shows very good technical features that fit well with Minervini's Trend Template requirements. The stock currently trades well above all its main moving averages, a basic condition for finding stocks in clear upward trends. The 50-day moving average is positioned above both the 150-day and 200-day averages, and the 150-day stays above the 200-day, forming the layered moving average setup Minervini notes as typical of strong trending stocks.

The stock's price movement shows even more convincing signs of strength. SSRM trades about 366% higher than its 52-week low while staying within 6% of its 52-week high, passing both the 30% above low and within 25% of high levels that Minervini points out as typical of top stocks. This pairing shows the stock has kept up significant momentum while staying away from overbought levels that often come before pullbacks. Most notably, SSRM has a relative strength ranking of 98.29, meaning it performs better than almost all other stocks in the market, a main feature Minervini highlights for spotting true market leaders.

Fundamental Improvement and Growth Data

Besides technical quality, SSRM shows the fundamental improvement that high growth momentum investors look for. The company's latest quarterly earnings grew an impressive 1,175% compared to the previous year, with revenue increasing 119% over the same time. This strong growth marks a clear change from earlier quarters where earnings and revenue had been falling, pointing to a meaningful positive shift in the business.

Analyst outlooks support this good momentum. EPS projections for the next year have been increased by more than 40% in the last three months, while revenue estimates have gone up almost 10%. These changes show rising confidence in the company's future among professional analysts, a main catalyst Minervini identifies for continued price gains. The company has also exceeded earnings projections in two of the last four quarters and revenue estimates in all four, showing steady operational overachievement.

Profitability Gains and Cash Flow

The fundamental picture goes beyond top-line growth to include real profitability gains. SSRM's profit margin grew to 22.2% in the most recent quarter, up from 18.6% the quarter before and a notable recovery from the 1.7% and 4.1% margins seen in earlier quarters. This margin growth indicates better operational efficiency and pricing ability, important parts of lasting growth.

Free cash flow has also shown notable improvement, with TTM free cash flow per share increasing 648% year-over-year. Good cash flow creation gives financial room for expansion, debt payment, or shareholder benefits, lowering the need for outside funding and helping ongoing growth projects.

Technical Analysis Overview

According to ChartMill's technical analysis report, SSRM gets a top technical score of 10/10, showing very good strength across both short and long-term periods. The analysis states the stock shows positive trends across all timeframes while performing better than 98% of the total market and 91% of metals and mining industry competitors. With a setup score of 7/10, the stock offers a reasonable entry chance as it settles within its recent trading range with little resistance above.

The technical report points out several support levels, with the closest near $22.44, giving clear risk management points for possible positions. For investors wanting in-depth technical analysis, the full technical report for SSRM offers detailed chart study and specific trade setup ideas.

Strategic Considerations

For investors following the Minervini system mixed with high growth momentum filters, SSRM stands as an interesting example. The stock meets the strict technical conditions that spot strong upward trends while also showing the fundamental improvement that fuels continued strong performance. The mix of technical strength, fast earnings growth, margin growth, and positive analyst changes forms an interesting investment case that fits with the ideas of systematic growth investing.

Investors looking for similar options can review the High Growth Momentum + Trend Template screen for other candidates that satisfy these strict conditions.

Disclaimer: This analysis is for informational and educational purposes only and does not constitute investment advice. All investments carry risk, and past performance is not indicative of future results. Investors should conduct their own research and consult with a qualified financial advisor before making investment decisions.