SSR Mining (SSRM) Is Up 7.69% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell even higher, with the expectation that established trends will continue [1][2]. Company Overview: SSR Mining (SSRM) - SSR Mining currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3]. - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4]. Performance Metrics - Over the past week, SSR Mining shares increased by 7.69%, outperforming the Zacks Mining - Miscellaneous industry, which rose by 4.21% [6]. - In a longer timeframe, SSR Mining's shares have risen by 13.62% over the past month, compared to the industry's 8.95% [6]. - Over the last quarter, SSR Mining shares increased by 11.88%, and over the past year, they surged by 162.51%, while the S&P 500 only moved 8.33% and 12.92% respectively [7]. Trading Volume - SSR Mining's average 20-day trading volume is 2,556,616 shares, which serves as a baseline for price-to-volume analysis [8]. Earnings Outlook - Recent earnings estimate revisions for SSR Mining show 3 estimates moving higher and 1 lower for the full year, raising the consensus estimate from $0.87 to $1.14 in the past 60 days [10]. - For the next fiscal year, 4 estimates have increased with no downward revisions during the same period [10]. Conclusion - Given the strong performance metrics and positive earnings outlook, SSR Mining is positioned as a solid momentum pick with a 1 (Strong Buy) rating and a Momentum Score of A [12].