Silver Standard Resources Inc. (NASDAQ:SSRM – Get Free Report) (TSE:SSO) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.03 per share by the basic materials company on Friday, December 11th. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, November 13th.
Silver Standard Resources has a payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Silver Standard Resources to earn $2.94 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 4.1%.
Silver Standard Resources Price Performance
Silver Standard Resources stock opened at $28.20 on Wednesday. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 6.26 and a beta of -0.09. Silver Standard Resources has a one year low of $19.69 and a one year high of $39.44. The company’s fifty day moving average price is $32.94 and its two-hundred day moving average price is $30.42.
Silver Standard Resources (NASDAQ:SSRM – Get Free Report) (TSE:SSO) last issued its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Silver Standard Resources had a return on equity of 18.71% and a net margin of 12.64%. The business had revenue of $447.65 million for the quarter, compared to analyst estimates of $454.47 million. As a group, sell-side analysts anticipate that Silver Standard Resources will post 3.82 earnings per share for the current year.
About Silver Standard Resources
SSR Mining Inc., formerly known as Silver Standard Resources, is a precious metals company engaged in the exploration, development, and operation of mines. Its principal products are gold and silver, with its activities also involving other metals produced alongside them. The company’s history includes a shift from a silver-focused exploration business to a diversified precious metals producer. It adopted the SSR Mining name in 2017. Over time, its operations and projects have spanned North and South America and Türkiye.
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