Jacobs Levy Equity Management Inc. Purchases 914,084 Shares of Silver Standard Resources Inc. $SSRM

Jacobs Levy Equity Management Inc. raised its position in Silver Standard Resources Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 921.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,013,320 shares of the basic materials company's stock after acquiring an additional 914,084 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.50% of Silver Standard Resources worth $10,164,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in Silver Standard Resources in the 1st quarter valued at approximately $32,000. Tacita Capital Inc acquired a new position in shares of Silver Standard Resources in the 1st quarter worth approximately $48,000. Northwest & Ethical Investments L.P. acquired a new position in shares of Silver Standard Resources in the 1st quarter worth approximately $72,000. Simplicity Wealth LLC acquired a new position in shares of Silver Standard Resources in the 1st quarter worth approximately $109,000. Finally, Merit Financial Group LLC acquired a new position in shares of Silver Standard Resources in the 1st quarter worth approximately $113,000. Institutional investors and hedge funds own 68.30% of the company's stock.

Silver Standard Resources Stock Down 1.6%

SSRM traded down $0.37 on Friday, hitting $22.39. 3,430,570 shares of the company were exchanged, compared to its average volume of 3,417,357. Silver Standard Resources Inc. has a 12 month low of $5.06 and a 12 month high of $23.07. The company has a market cap of $4.54 billion, a PE ratio of 28.71 and a beta of -0.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.20 and a current ratio of 2.39. The stock's fifty day moving average is $15.73 and its 200-day moving average is $12.73.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Silver Standard Resources from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. BMO Capital Markets started coverage on Silver Standard Resources in a research note on Friday, July 18th. They issued a "market perform" rating and a $13.50 price target on the stock. Zacks Research downgraded Silver Standard Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Finally, UBS Group raised Silver Standard Resources from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $13.85 to $18.95 in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $12.55.

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.