Atria Wealth Solutions Inc. Decreases Stock Position in Silver Standard Resources Inc. $SSRM

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Deutsche Bank AG lifted its holdings in Silver Standard Resources by 23.5% during the 4th quarter. Deutsche Bank AG now owns 363,494 shares of the basic materials company's stock valued at $2,530,000 after buying an additional 69,124 shares in the last quarter. RFG Advisory LLC acquired a new position in Silver Standard Resources during the first quarter worth about $206,000. Alps Advisors Inc. acquired a new position in Silver Standard Resources during the first quarter worth about $292,000. Victory Capital Management Inc. acquired a new stake in Silver Standard Resources during the first quarter worth about $846,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Silver Standard Resources by 3.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,794 shares of the basic materials company's stock worth $289,000 after buying an additional 1,089 shares during the period. 68.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SSRM has been the topic of a number of recent research reports. UBS Group raised shares of Silver Standard Resources from a "neutral" rating to a "buy" rating and lifted their target price for the company from $13.85 to $18.95 in a report on Friday, August 15th. Wall Street Zen upgraded Silver Standard Resources from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. BMO Capital Markets initiated coverage on Silver Standard Resources in a research report on Friday, July 18th. They issued a "market perform" rating and a $13.50 target price on the stock. National Bankshares reaffirmed a "sector perform" rating on shares of Silver Standard Resources in a report on Wednesday, April 23rd. Finally, Zacks Research raised Silver Standard Resources to a "strong-buy" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $12.55.

Silver Standard Resources Stock Up 1.4%

Shares of NASDAQ:SSRM traded up $0.2350 during mid-day trading on Thursday, reaching $16.6850. 992,265 shares of the stock were exchanged, compared to its average volume of 2,698,583. The company has a quick ratio of 1.20, a current ratio of 2.39 and a debt-to-equity ratio of 0.03. The stock's 50 day simple moving average is $13.35 and its 200-day simple moving average is $11.50. The company has a market cap of $3.38 billion, a P/E ratio of 21.40 and a beta of -0.16. Silver Standard Resources Inc. has a one year low of $4.82 and a one year high of $16.91.

Silver Standard Resources (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 4.99% and a net margin of 12.66%. As a group, equities research analysts predict that Silver Standard Resources Inc. will post 0.73 EPS for the current 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.