SSR Mining saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 90 to 98.
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The new rating shows the stock is outpacing 98% of all stocks when it comes to the most important stock-picking criteria. The best stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
SSR Mining is now out of buy range after clearing the 8.33 entry in a cup without handle.
One weak spot is the company's 79 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company reported 1,175% EPS growth. It has now posted accelerating EPS gains for four consecutive quarters. Top line growth increased 119%, up from 38% in the prior report. That marks four quarters of increasing revenue gains.
SSR Mining earns the No. 20 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, AngloGold Ashanti and Barrick Mining are among the top 5 highly-rated stocks within the group.
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