SG Americas Securities LLC Sells 25,594 Shares of Silver Standard Resources Inc. (NASDAQ:SSRM)

SG Americas Securities LLC lessened its position in shares of Silver Standard Resources Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 27.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,406 shares of the basic materials company's stock after selling 25,594 shares during the period. SG Americas Securities LLC's holdings in Silver Standard Resources were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in Silver Standard Resources by 0.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 241,415 shares of the basic materials company's stock worth $1,686,000 after acquiring an additional 1,200 shares during the period. Xponance Inc. increased its holdings in Silver Standard Resources by 9.3% during the 4th quarter. Xponance Inc. now owns 14,387 shares of the basic materials company's stock worth $100,000 after acquiring an additional 1,222 shares during the period. CIBC Asset Management Inc increased its holdings in Silver Standard Resources by 0.5% during the 4th quarter. CIBC Asset Management Inc now owns 248,064 shares of the basic materials company's stock worth $1,729,000 after acquiring an additional 1,282 shares during the period. US Bancorp DE increased its holdings in Silver Standard Resources by 62.4% during the 4th quarter. US Bancorp DE now owns 3,540 shares of the basic materials company's stock worth $25,000 after acquiring an additional 1,360 shares during the period. Finally, Wellington Management Group LLP grew its stake in Silver Standard Resources by 0.4% in the 4th quarter. Wellington Management Group LLP now owns 497,378 shares of the basic materials company's stock worth $3,462,000 after buying an additional 1,884 shares in the last quarter. Institutional investors own 68.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SSRM shares. National Bankshares reissued a "sector perform" rating on shares of Silver Standard Resources in a research note on Wednesday, April 23rd. Cormark raised shares of Silver Standard Resources from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. UBS Group boosted their price target on shares of Silver Standard Resources from $12.10 to $12.35 and gave the stock a "buy" rating in a research note on Friday, April 11th. Wall Street Zen raised shares of Silver Standard Resources from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, National Bank Financial raised shares of Silver Standard Resources to a "hold" rating in a research note on Friday, March 21st. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Silver Standard Resources currently has an average rating of "Moderate Buy" and an average target price of $10.03.

Silver Standard Resources Trading Down 2.5%

Shares of Silver Standard Resources stock traded down $0.33 during trading on Friday, reaching $12.74. The company's stock had a trading volume of 4,174,831 shares, compared to its average volume of 2,630,465. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 31.07 and a beta of -0.13. The company has a quick ratio of 1.85, a current ratio of 3.95 and a debt-to-equity ratio of 0.08. The firm's 50-day moving average is $11.41 and its two-hundred day moving average is $9.74. Silver Standard Resources Inc. has a 52-week low of $4.32 and a 52-week high of $13.46.

Silver Standard Resources (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.21. The business had revenue of $303.43 million during the quarter, compared to analysts' expectations of $332.64 million. Silver Standard Resources had a net margin of 7.82% and a return on equity of 2.44%. On average, sell-side analysts anticipate 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.