17,235 Shares in Silver Standard Resources Inc. $SSRM Acquired by Ieq Capital LLC

Ieq Capital LLC purchased a new stake in shares of Silver Standard Resources Inc. (NASDAQ:SSRM - Free Report) TSE: SSO in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,235 shares of the basic materials company's stock, valued at approximately $173,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Silver Standard Resources by 21.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,079,816 shares of the basic materials company's stock valued at $70,265,000 after acquiring an additional 1,802,821 shares in the last quarter. Tidal Investments LLC increased its position in Silver Standard Resources by 14.7% in the 4th quarter. Tidal Investments LLC now owns 3,174,367 shares of the basic materials company's stock valued at $22,094,000 after acquiring an additional 407,920 shares in the last quarter. Voloridge Investment Management LLC increased its position in Silver Standard Resources by 22.2% in the 4th quarter. Voloridge Investment Management LLC now owns 2,203,900 shares of the basic materials company's stock valued at $15,339,000 after acquiring an additional 399,806 shares in the last quarter. Nuveen LLC acquired a new stake in Silver Standard Resources in the 1st quarter valued at about $18,759,000. Finally, Charles Schwab Investment Management Inc. increased its position in Silver Standard Resources by 2.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,409,521 shares of the basic materials company's stock valued at $14,128,000 after acquiring an additional 30,862 shares in the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Silver Standard Resources Trading Up 3.8%

Shares of NASDAQ:SSRM traded up $0.81 during trading on Wednesday, hitting $21.97. 3,027,911 shares of the company's stock were exchanged, compared to its average volume of 2,802,357. Silver Standard Resources Inc. has a 1-year low of $5.06 and a 1-year high of $22.02. The firm has a 50-day moving average price of $15.18 and a two-hundred day moving average price of $12.48. The company has a current ratio of 2.39, a quick ratio of 1.20 and a debt-to-equity ratio of 0.03. The firm has a market cap of $4.46 billion, a P/E ratio of 28.17 and a beta of -0.08.

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

Silver Standard Resources 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.