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

SG Americas Securities LLC decreased its holdings 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 (SEC). The firm owned 66,406 shares of the basic materials company's stock after selling 25,594 shares during the quarter. 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 (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Silver Standard Resources by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,346,480 shares of the basic materials company's stock valued at $72,216,000 after purchasing an additional 71,364 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Silver Standard Resources by 21.8% during 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 buying an additional 1,802,821 shares in the last quarter. Federated Hermes Inc. grew its holdings in Silver Standard Resources by 53.9% during the 4th quarter. Federated Hermes Inc. now owns 3,671,138 shares of the basic materials company's stock valued at $25,551,000 after buying an additional 1,285,347 shares in the last quarter. Tidal Investments LLC increased its position in shares of Silver Standard Resources by 14.7% during the fourth quarter. Tidal Investments LLC now owns 3,174,367 shares of the basic materials company's stock valued at $22,094,000 after buying an additional 407,920 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Silver Standard Resources by 1.5% in 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 in the last quarter. Hedge funds and other institutional investors own 68.30% of the company's stock.

Silver Standard Resources Price Performance

SSRM stock traded up $0.04 during midday trading on Wednesday, reaching $12.40. The company had a trading volume of 2,522,434 shares, compared to its average volume of 2,635,566. The firm has a 50-day moving average price of $11.51 and a 200-day moving average price of $9.82. The company has a market capitalization of $2.51 billion, a P/E ratio of 30.24 and a beta of -0.13. Silver Standard Resources Inc. has a 1 year low of $4.32 and a 1 year high of $13.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.95 and a quick ratio of 1.85.

Silver Standard Resources (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.21. The company had revenue of $303.43 million during the quarter, compared to the consensus estimate of $332.64 million. Silver Standard Resources had a net margin of 7.82% and a return on equity of 2.44%. On average, research analysts anticipate that Silver Standard Resources Inc. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SSRM has been the subject of several recent analyst reports. National Bank Financial raised shares of Silver Standard Resources to a "hold" rating in a research note on Friday, March 21st. UBS Group reissued a "neutral" rating and issued a $13.85 price target (up from $12.35) on shares of Silver Standard Resources in a report on Tuesday. Cormark raised shares of Silver Standard Resources from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. National Bankshares reissued a "sector perform" rating on shares of Silver Standard Resources in a research note on Wednesday, April 23rd. Finally, Wall Street Zen upgraded Silver Standard Resources from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $10.53.

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.