Silver Standard Resources Inc. (NASDAQ:SSRM – Get Free Report) (TSE:SSO) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $41.60.
Several analysts have commented on the company. Zacks Research downgraded Silver Standard Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 29th. Weiss Ratings upgraded Silver Standard Resources from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Royal Bank Of Canada dropped their target price on Silver Standard Resources from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Bank of America cut their price target on Silver Standard Resources from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Wall Street Zen downgraded Silver Standard Resources from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th.
Check Out Our Latest Stock Report on Silver Standard Resources
Institutional Trading of Silver Standard Resources
Silver Standard Resources Stock Performance
NASDAQ SSRM opened at $31.40 on Tuesday. The firm has a market cap of $6.48 billion, a PE ratio of 28.55, a P/E/G ratio of 6.55 and a beta of -0.09. Silver Standard Resources has a one year low of $14.67 and a one year high of $36.51. The firm’s fifty day moving average is $28.23 and its two-hundred day moving average is $28.90.
Silver Standard Resources (NASDAQ:SSRM – Get Free Report) (TSE:SSO) last announced its earnings results on Tuesday, August 4th. The basic materials company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Silver Standard Resources had a net margin of 12.30% and a return on equity of 16.17%. The business had revenue of $443.80 million during the quarter, compared to analysts’ expectations of $483.84 million. Research analysts predict that Silver Standard Resources will post 3.92 earnings per share for the current year.
Silver Standard Resources Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 14th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, August 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%.
About Silver Standard Resources
Silver Standard Resources Inc (NASDAQ: SSRM) is a Vancouver‐based precious metals company engaged in the acquisition, exploration, development and production of silver and gold deposits primarily across the Americas. The company’s strategy centers on advancing high‐quality projects into production while maintaining a portfolio of operating mines that deliver consistent metal output. Silver Standard emphasizes sustainable resource development and community partnership at each stage of its operations.
The company’s principal producing assets include the Marigold gold mine in Nevada, which entered commercial production in 2006; the Seabee gold operation in Saskatchewan, Canada, acquired in 2016; and the Pirquitas silver‐gold mine in Argentina, which began producing in 2009.
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