Atria Wealth Solutions Inc. Has $150,000 Stock Position in Silver Standard Resources Inc. $SSRM

Atria Wealth Solutions Inc. lessened its position in shares of Silver Standard Resources Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 57.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,000 shares of the basic materials company's stock after selling 20,000 shares during the period. Atria Wealth Solutions Inc.'s holdings in Silver Standard Resources were worth $150,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SSRM. LPL Financial LLC raised its stake in Silver Standard Resources by 13.7% during the fourth quarter. LPL Financial LLC now owns 85,931 shares of the basic materials company's stock worth $598,000 after buying an additional 10,326 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in Silver Standard Resources during the fourth quarter worth $156,000. Geode Capital Management LLC raised its stake in Silver Standard Resources by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,678,940 shares of the basic materials company's stock worth $18,652,000 after buying an additional 38,593 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Silver Standard Resources by 18.9% during the fourth quarter. Russell Investments Group Ltd. now owns 23,253 shares of the basic materials company's stock worth $162,000 after buying an additional 3,693 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in Silver Standard Resources by 5.7% during the fourth quarter. MetLife Investment Management LLC now owns 125,405 shares of the basic materials company's stock worth $873,000 after buying an additional 6,763 shares during the last quarter. Institutional investors own 68.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Silver Standard Resources from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. BMO Capital Markets assumed coverage on shares of Silver Standard Resources in a research note on Friday, July 18th. They issued a "market perform" rating and a $13.50 price target for the company. UBS Group raised shares of Silver Standard Resources from a "neutral" rating to a "buy" rating and lifted their price target for the company from $13.85 to $18.95 in a research note on Friday, August 15th. Finally, Zacks Research raised shares of Silver Standard Resources to a "strong-buy" rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $12.55.

Silver Standard Resources Stock Up 1.1%

Shares of NASDAQ SSRM traded up $0.19 during mid-day trading on Friday, reaching $17.11. 5,134,930 shares of the company's stock traded hands, compared to its average volume of 3,238,476. The stock has a market cap of $3.47 billion, a P/E ratio of 21.94 and a beta of -0.16. The business has a 50-day simple moving average of $13.53 and a 200 day simple moving average of $11.62. Silver Standard Resources Inc. has a 1-year low of $4.82 and a 1-year high of $17.17. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.39 and a quick ratio of 1.20.

Silver Standard Resources (NASDAQ:SSRM - Get Free Report) TSE: SSO last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.28. The firm had revenue of $410.54 million during the quarter, compared to analysts' expectations of $381.08 million. Silver Standard Resources had a net margin of 12.66% and a return on equity of 4.99%. On average, analysts expect that Silver Standard Resources Inc. will post 0.73 EPS for the current fiscal year.

Silver Standard Resources Company Profile

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.