SSR Mining (SSRM) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: SSR Mining (SSRM) - SSR Mining currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [4] Performance Metrics - Over the past week, SSR Mining shares have increased by 25.85%, significantly outperforming the Zacks Mining - Miscellaneous industry, which rose by 4.62% [6] - In a longer timeframe, SSR Mining's shares have risen by 43.63% over the past quarter and 222.6% over the last year, while the S&P 500 has only increased by 10.57% and 21.94%, respectively [7] Trading Volume - The average 20-day trading volume for SSR Mining is 2,948,297 shares, indicating a bullish sign as the stock is rising with above-average volume [8] Earnings Outlook - In the past two months, three earnings estimates for SSR Mining have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $1.14 to $1.38 [10] - For the next fiscal year, three estimates have also moved upwards, indicating positive sentiment regarding future earnings [10] Conclusion - Given the strong performance metrics and positive earnings outlook, SSR Mining is positioned as a strong buy with a Momentum Score of A, making it a compelling investment opportunity [12]