Scotiabank Has Bearish Outlook for SSRM FY2026 Earnings

Key Points

• Scotiabank has revised its FY2026 earnings estimates for Silver Standard Resources Inc. (SSRM), lowering the anticipated earnings per share from $1.32 to $1.27.
• Despite Scotiabank's bearish outlook, several firms have shown mixed sentiments towards SSRM, with Wall Street Zen upgrading the stock to a "strong-buy" rating while Zacks lowered it to "hold".
• As of the latest trading session, SSRM shares opened at $24.13, reflecting significant price movements with a 1-year low of $5.06 and a high of $24.23.

Silver Standard Resources Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Equities research analysts at Scotiabank cut their FY2026 earnings estimates for shares of Silver Standard Resources in a research report issued to clients and investors on Wednesday, September 24th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings per share of $1.27 for the year, down from their prior forecast of $1.32. The consensus estimate for Silver Standard Resources' current full-year earnings is $0.73 per share.

A number of other research firms have also weighed in on SSRM. Wall Street Zen raised shares of Silver Standard Resources from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. BMO Capital Markets started coverage on shares of Silver Standard Resources in a report on Friday, July 18th. They issued a "market perform" rating and a $13.50 target price for the company. UBS Group lowered shares of Silver Standard Resources from a "buy" rating to a "neutral" rating and raised their target price for the company from $18.95 to $22.95 in a report on Friday, September 19th. Finally, Zacks Research lowered shares of Silver Standard Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 9th. Seven investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $13.55.

Silver Standard Resources Trading Up 1.6%

Shares of SSRM opened at $24.13 on Monday. The company has a 50 day simple moving average of $17.78 and a two-hundred day simple moving average of $13.64. Silver Standard Resources has a 1 year low of $5.06 and a 1 year high of $24.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.39 and a quick ratio of 1.20. The firm has a market cap of $4.89 billion, a P/E ratio of 30.94 and a beta of -0.08.

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 earnings per share (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 business had revenue of $410.54 million during the quarter, compared to analyst estimates of $381.08 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SSRM. Bleakley Financial Group LLC boosted its position in Silver Standard Resources by 3.9% in the 1st quarter. Bleakley Financial Group LLC now owns 26,466 shares of the basic materials company's stock worth $265,000 after purchasing an additional 1,005 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Silver Standard Resources by 3.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,794 shares of the basic materials company's stock worth $289,000 after purchasing an additional 1,089 shares in the last quarter. Cadence Wealth Management LLC boosted its position in Silver Standard Resources by 2.8% in the 1st quarter. Cadence Wealth Management LLC now owns 50,290 shares of the basic materials company's stock worth $504,000 after purchasing an additional 1,374 shares in the last quarter. Wellington Management Group LLP boosted its position 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 purchasing an additional 1,884 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position in Silver Standard Resources by 10.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 22,000 shares of the basic materials company's stock worth $153,000 after purchasing an additional 2,000 shares in the last quarter. 68.30% of the stock is owned by hedge funds and other institutional investors.

About Silver Standard Resources

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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