Silver Standard Resources (NASDAQ:SSRM – Get Free Report) (TSE:SSO) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday, Zacks reports.
Several other research analysts have also recently weighed in on SSRM. Weiss Ratings upgraded shares of Silver Standard Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Silver Standard Resources from $48.00 to $50.00 and gave the company an “outperformer” rating in a research report on Monday, October 5th. Bank of America reduced their price objective 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. Royal Bank Of Canada upped their price objective on Silver Standard Resources from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Finally, Wall Street Zen lowered Silver Standard Resources from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.60.
View Our Latest Research Report on Silver Standard Resources
Silver Standard Resources Trading Down 0.7%
SSRM opened at $31.27 on Monday. The company’s 50 day moving average is $35.17 and its 200 day moving average is $31.63. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 7.81 and a beta of -0.10. Silver Standard Resources has a 12-month low of $18.19 and a 12-month high of $39.44.
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 for the quarter, compared to analysts’ expectations of $483.84 million. As a group, analysts predict that Silver Standard Resources will post 3.25 EPS for the current fiscal year.
About Silver Standard Resources
Silver Standard Resources, now known as SSR Mining Inc (NASDAQ: SSRM), is a precious metals mining company focused primarily on the exploration, development and production of gold and silver. The company’s operations have included open-pit and underground mines, processing facilities and exploration properties in the Americas and Türkiye.
SSR Mining has historically operated the Marigold gold mine in Nevada, the Seabee gold operation in Saskatchewan, Canada, and the Puna silver-lead-zinc complex in Jujuy, Argentina.
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