Silver Standard Resources Inc. (NASDAQ:SSRM) Stock Has Consensus Price Target of $42.40 According to Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Silver Standard Resources, with eight buy ratings, one strong-buy rating and two holds. The average 12-month price target is $42.40, above the stock’s reported price of $33.94.
• Recent analyst actions were mixed but generally positive: RBC raised its target to $43, while UBS and Bank of America reduced theirs to $40; both maintained buy-related ratings.
• The company slightly missed quarterly expectations, reporting $0.66 in earnings per share versus a $0.67 estimate and revenue of $443.8 million versus $483.84 million expected. It also declared a C$0.03 quarterly dividend, representing a 0.4% yield.

Silver Standard Resources Inc. (NASDAQ:SSRM - Get Free Report) TSE: SSO has earned a consensus rating of "Moderate Buy" from the eleven research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $42.40.

Several research firms have recently commented on SSRM. UBS Group lowered their price target on shares of Silver Standard Resources from $43.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. Royal Bank Of Canada increased their price objective on Silver Standard Resources from $39.00 to $43.00 and gave the stock an "outperform" rating in a report on Wednesday, September 16th. Weiss Ratings upgraded Silver Standard Resources from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday. Bank of America lowered their target price on Silver Standard Resources from $41.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Finally, Wall Street Zen lowered Silver Standard Resources from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 18th.

Silver Standard Resources Stock Performance

SSRM stock opened at $33.94 on Wednesday. The stock has a market cap of $6.84 billion, a P/E ratio of 30.85, a P/E/G ratio of 7.06 and a beta of -0.04. The firm has a 50 day simple moving average of $33.61 and a 200 day simple moving average of $30.96. Silver Standard Resources has a 52 week low of $18.19 and a 52 week high of $39.44.

Silver Standard Resources (NASDAQ:SSRM - Get Free Report) TSE: SSO last released its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.66 earnings per share 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 during the quarter, compared to analyst estimates of $483.84 million. Sell-side analysts predict that Silver Standard Resources will post 3.87 EPS for the current year.

Silver Standard Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors 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 annualized dividend and a dividend yield of 0.4%. Silver Standard Resources's payout ratio is presently 10.91%.

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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