Shares of Silver Standard Resources Inc. (NASDAQ:SSRM – Get Free Report) (TSE:SSO) gapped down before the market opened on Monday. The stock had previously closed at $35.68, but opened at $33.64. Silver Standard Resources shares last traded at $34.3490, with a volume of 207,344 shares.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Weiss Ratings upgraded Silver Standard Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Wall Street Zen downgraded Silver Standard Resources from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Royal Bank Of Canada upped their target price on Silver Standard Resources from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. UBS Group cut their target price on Silver Standard Resources from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Finally, Bank of America decreased their price target on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Silver Standard Resources currently has an average rating of “Moderate Buy” and an average target price of $42.40.
Check Out Our Latest Analysis on Silver Standard Resources
Silver Standard Resources Trading Down 4.4%
Silver Standard Resources (NASDAQ:SSRM – Get Free Report) (TSE:SSO) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $443.80 million for the quarter, compared to analyst estimates of $483.84 million. Silver Standard Resources had a net margin of 12.30% and a return on equity of 16.17%. Research analysts anticipate that Silver Standard Resources Inc. will post 3.87 EPS for the current fiscal year.
Silver Standard Resources Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 14th were issued a C$0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, August 14th. Silver Standard Resources’s dividend payout ratio (DPR) is currently 10.91%.
Silver Standard Resources Company Profile
Silver Standard Resources Inc was a precious-metals mining company focused primarily on the exploration, development and production of silver and gold. The company also produced associated metals, including lead and zinc, from certain operations. Its assets included the Pirquitas silver mine and the Chinchillas silver-lead-zinc project in Argentina, which were combined into the Puna Operations.
Silver Standard expanded its portfolio through acquisitions, including the Marigold gold mine in Nevada and the Seabee gold operation in Saskatchewan.
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