Silver Standard Resources (NASDAQ:SSRM – Get Free Report) (TSE:SSO) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.
Several other equities research analysts also recently weighed in on the stock. UBS Group decreased their price target on shares of 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. Weiss Ratings upgraded shares of Silver Standard Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Bank of America cut their price objective 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. Canadian Imperial Bank of Commerce raised their target price on Silver Standard Resources from $48.00 to $50.00 and gave the company an “outperformer” rating in a research note on Monday, October 5th. Finally, Royal Bank Of Canada boosted their target price on Silver Standard Resources from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $42.60.
Read Our Latest Stock Analysis on Silver Standard Resources
Silver Standard Resources Stock Performance
Shares of SSRM stock opened at $31.85 on Friday. Silver Standard Resources has a fifty-two week low of $18.19 and a fifty-two week high of $39.44. The stock has a 50 day simple moving average of $35.18 and a two-hundred day simple moving average of $31.61. The company has a market cap of $6.42 billion, a P/E ratio of 28.95, a PEG ratio of 7.90 and a beta of -0.10.
Silver Standard Resources (NASDAQ:SSRM – Get Free Report) (TSE:SSO) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $443.80 million for the quarter, compared to the consensus estimate of $483.84 million. Silver Standard Resources had a return on equity of 16.17% and a net margin of 12.30%. On average, research analysts predict that Silver Standard Resources will post 3.25 earnings per share for the current year.
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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