Headlands Technologies LLC trimmed its stake in shares of Silver Standard Resources Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 32.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,447 shares of the basic materials company's stock after selling 48,826 shares during the quarter. Headlands Technologies LLC owned about 0.05% of Silver Standard Resources worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Simplicity Wealth LLC bought a new stake in shares of Silver Standard Resources during the 1st quarter worth about $109,000. Merit Financial Group LLC bought a new stake in shares of Silver Standard Resources during the 1st quarter worth about $113,000. Triasima Portfolio Management inc. bought a new stake in shares of Silver Standard Resources during the 1st quarter worth about $117,000. Integrated Advisors Network LLC bought a new stake in shares of Silver Standard Resources during the 1st quarter worth about $132,000. Finally, Principal Financial Group Inc. raised its position in shares of Silver Standard Resources by 19.4% during the 1st quarter. Principal Financial Group Inc. now owns 13,453 shares of the basic materials company's stock worth $135,000 after buying an additional 2,190 shares in the last quarter. 68.30% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have commented on SSRM. 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. UBS Group reaffirmed a "neutral" rating and issued a $13.85 price objective (up previously from $12.35) on shares of Silver Standard Resources in a research note on Tuesday, June 24th. National Bankshares reaffirmed a "sector perform" rating on shares of Silver Standard Resources in a research note on Wednesday, April 23rd. BMO Capital Markets started coverage on shares of Silver Standard Resources in a research note on Friday, July 18th. They issued a "market perform" rating and a $13.50 price objective on the stock. Finally, Cormark raised shares of Silver Standard Resources from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $11.28.
Get Our Latest Stock Report on SSRM
Silver Standard Resources Trading Up 2.2%
Shares of Silver Standard Resources stock traded up $0.35 during trading on Tuesday, hitting $15.91. The stock had a trading volume of 2,330,886 shares, compared to its average volume of 2,673,897. The stock has a 50 day simple moving average of $12.81 and a 200 day simple moving average of $11.13. The company has a market capitalization of $3.23 billion, a PE ratio of 20.41 and a beta of -0.16. The company has a quick ratio of 1.20, a current ratio of 2.39 and a debt-to-equity ratio of 0.03. Silver Standard Resources Inc. has a 1 year low of $4.62 and a 1 year high of $16.04.
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 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $410.54 million for the quarter, compared to the consensus estimate of $381.08 million. On average, research analysts expect that Silver Standard Resources Inc. will post 0.73 EPS for the current fiscal year.
Silver Standard Resources Company Profile
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Free Report)
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.
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