Silver Standard Resources Inc. (NASDAQ:SSRM – Get Free Report) (TSE:SSO)’s stock price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $31.45 and traded as high as $35.66. Silver Standard Resources shares last traded at $35.44, with a volume of 1,219,735 shares traded.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on SSRM shares. Wall Street Zen lowered Silver Standard Resources from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. UBS Group decreased their target price on Silver Standard Resources from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday. Canadian Imperial Bank of Commerce lifted their target price on Silver Standard Resources from $48.00 to $50.00 and gave the company an “outperformer” rating in a research report on Monday, October 5th. Weiss Ratings upgraded shares of Silver Standard Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Bank of America reduced their price target on shares of Silver Standard Resources from $41.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Silver Standard Resources presently has an average rating of “Buy” and an average target price of $42.60.
Check Out Our Latest Research Report on Silver Standard Resources
Silver Standard Resources Price Performance
Silver Standard Resources (NASDAQ:SSRM – Get Free Report) (TSE:SSO) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $443.80 million during the quarter, compared to analyst estimates of $483.84 million. Silver Standard Resources had a return on equity of 16.17% and a net margin of 12.30%. Analysts expect that Silver Standard Resources Inc. will post 3.87 earnings per share for the current year.
Silver Standard Resources Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 14th were paid a dividend of C$0.03 per share. 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 is currently 10.91%.
Silver Standard Resources Company Profile
Silver Standard Resources Inc was a precious-metals mining company focused on the acquisition, development and operation of silver and gold properties. The company produced silver and gold concentrates and worked to advance exploration and development projects in the Americas and other mining jurisdictions.
In 2017, Silver Standard Resources merged with Claude Resources Inc and changed its name to SSR Mining Inc The combined company expanded its portfolio to include the Seabee gold operation in Saskatchewan, Canada, and the Marigold gold mine in Nevada, while continuing to develop and operate precious-metals assets in Latin America.
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