Silver Standard Resources Inc. (SSRM) – What Are Analysts Saying About This Stock?

Silver Standard Resources Inc. (NASDAQ:SSRM – Get Free Report) (TSE:SSO) has received an average rating of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $42.60.

Several research analysts recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of Silver Standard Resources from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Zacks Research cut Silver Standard Resources from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. UBS Group cut their price objective on Silver Standard Resources from $41.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Bank of America cut 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. Finally, Canadian Imperial Bank of Commerce increased their target price on Silver Standard Resources from $48.00 to $50.00 and gave the company an “outperformer” rating in a report on Monday, October 5th.

Check Out Our Latest Research Report on SSRM

Silver Standard Resources Stock Performance

NASDAQ:SSRM opened at $28.38 on Friday. The company has a fifty day moving average of $35.02 and a two-hundred day moving average of $31.59. The stock has a market capitalization of $5.72 billion, a PE ratio of 25.80, a P/E/G ratio of 5.99 and a beta of -0.10. Silver Standard Resources has a fifty-two week low of $18.19 and a fifty-two week high of $39.44.

Silver Standard Resources (NASDAQ:SSRM – Get Free Report) (TSE:SSO) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $443.80 million for the quarter, compared to analysts’ expectations of $483.84 million. Research analysts forecast that Silver Standard Resources will post 3.82 earnings per share for the current year.

Silver Standard Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 14th were paid a C$0.03 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. Silver Standard Resources’s payout ratio is currently 10.91%.

About Silver Standard Resources

(Get Free Report)

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.

See Also

Analyst Recommendations for Silver Standard Resources (NASDAQ:SSRM)

Receive News & Ratings for Silver Standard Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silver Standard Resources and related companies with MarketBeat.com's FREE daily email newsletter.