Silver Standard Resources Inc. (NASDAQ:SSRM – Free Report) (TSE:SSO) – Equities research analysts at Scotiabank upped their FY2027 earnings estimates for shares of Silver Standard Resources in a research note issued on Tuesday, July 7th. Scotiabank analyst O. Habib now expects that the basic materials company will earn $3.50 per share for the year, up from their prior estimate of $3.42. The consensus estimate for Silver Standard Resources’ current full-year earnings is $4.53 per share.
SSRM has been the subject of a number of other reports. Weiss Ratings raised shares of Silver Standard Resources from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. Zacks Research lowered Silver Standard Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 29th. UBS Group lowered 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. Wall Street Zen raised Silver Standard Resources from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Royal Bank Of Canada raised Silver Standard Resources from a “sector perform” rating to an “outperform” rating and cut their price target for the stock from $45.00 to $40.00 in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.40.
Silver Standard Resources Stock Down 5.7%
Shares of NASDAQ SSRM opened at $28.20 on Thursday. The firm’s 50-day moving average is $29.98 and its two-hundred day moving average is $28.15. The company has a market capitalization of $5.85 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 0.37 and a beta of -0.10. Silver Standard Resources has a 12-month low of $11.70 and a 12-month high of $36.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.33 and a quick ratio of 4.57.
Silver Standard Resources (NASDAQ:SSRM – Get Free Report) (TSE:SSO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.34. The firm had revenue of $418.46 million during the quarter, compared to the consensus estimate of $524.79 million. Silver Standard Resources had a net margin of 12.17% and a return on equity of 14.87%.
Institutional Trading of Silver Standard Resources
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in Silver Standard Resources by 27.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,482,100 shares of the basic materials company’s stock valued at $24,895,000 after acquiring an additional 529,035 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Silver Standard Resources by 96.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 410,046 shares of the basic materials company’s stock worth $4,113,000 after purchasing an additional 201,525 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Silver Standard Resources by 461.5% during the first quarter. AQR Capital Management LLC now owns 86,050 shares of the basic materials company’s stock worth $863,000 after purchasing an additional 70,726 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Silver Standard Resources in the first quarter valued at $50,000. 68.30% of the stock is owned by hedge funds and other institutional investors.
Silver Standard Resources Company Profile
Silver Standard Resources Inc (NASDAQ: SSRM) is a Vancouver‐based precious metals company engaged in the acquisition, exploration, development and production of silver and gold deposits primarily across the Americas. The company’s strategy centers on advancing high‐quality projects into production while maintaining a portfolio of operating mines that deliver consistent metal output. Silver Standard emphasizes sustainable resource development and community partnership at each stage of its operations.
The company’s principal producing assets include the Marigold gold mine in Nevada, which entered commercial production in 2006; the Seabee gold operation in Saskatchewan, Canada, acquired in 2016; and the Pirquitas silver‐gold mine in Argentina, which began producing in 2009.
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