Scotiabank Has Negative Forecast for SSRM FY2026 Earnings

Key Points

• Scotiabank lowered its FY2026 EPS forecast for Silver Standard Resources to $3.80 from $3.90, below the $3.87 consensus estimate, and projects FY2027 EPS of $3.48.
• Silver Standard’s latest quarter fell slightly short of expectations, with EPS of $0.66 versus $0.67 expected and revenue of $443.8 million versus a $483.84 million consensus.
• Despite mixed estimates and several rating or price-target reductions, analysts maintain a “Moderate Buy” consensus with a $41.60 average price target; the company also declared a $0.03 quarterly dividend.

Silver Standard Resources Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Investment analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for Silver Standard Resources in a note issued to investors on Wednesday, August 19th. Scotiabank analyst O. Habib now expects that the basic materials company will post earnings per share of $3.80 for the year, down from their prior estimate of $3.90. The consensus estimate for Silver Standard Resources' current full-year earnings is $3.87 per share. Scotiabank also issued estimates for Silver Standard Resources' FY2027 earnings at $3.48 EPS.

Silver Standard Resources (NASDAQ:SSRM - Get Free Report) TSE: SSO last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). Silver Standard Resources had a return on equity of 16.17% and a net margin of 12.30%.The firm had revenue of $443.80 million for the quarter, compared to the consensus estimate of $483.84 million.

Several other brokerages have also recently weighed in on SSRM. Zacks Research cut shares of Silver Standard Resources from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 29th. Bank of America cut their target price on Silver Standard Resources from $41.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Royal Bank Of Canada reduced their price target on Silver Standard Resources from $40.00 to $39.00 and set an "outperform" rating on the stock in a research report on Thursday, July 9th. Weiss Ratings upgraded Silver Standard Resources from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Finally, Wall Street Zen cut Silver Standard Resources from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.60.

Silver Standard Resources Price Performance

NASDAQ:SSRM opened at $37.77 on Monday. Silver Standard Resources has a one year low of $16.66 and a one year high of $38.40. The firm's 50 day simple moving average is $29.38 and its 200 day simple moving average is $29.41. The company has a market cap of $7.80 billion, a PE ratio of 34.34, a P/E/G ratio of 7.88 and a beta of -0.09.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SSRM. Strs Ohio bought a new stake in shares of Silver Standard Resources during the 1st quarter valued at about $50,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Silver Standard Resources by 96.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 410,046 shares of the basic materials company's stock worth $4,113,000 after purchasing an additional 201,525 shares during the period. Goldman Sachs Group Inc. increased its holdings in Silver Standard Resources by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,482,100 shares of the basic materials company's stock worth $24,895,000 after purchasing an additional 529,035 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Silver Standard Resources by 461.5% in the first quarter. AQR Capital Management LLC now owns 86,050 shares of the basic materials company's stock worth $863,000 after purchasing an additional 70,726 shares in the last quarter. 68.30% of the stock is owned by institutional investors.

Silver Standard Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 14th will be issued a $0.03 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.12 annualized dividend and a yield of 0.3%. Silver Standard Resources's payout ratio is presently 10.91%.

Silver Standard Resources Company Profile

Silver Standard Resources Inc NASDAQ: SSRM is a Vancouver‐based precious metals company engaged in the acquisition, exploration, development and production of silver and gold deposits primarily across the Americas. The company’s strategy centers on advancing high‐quality projects into production while maintaining a portfolio of operating mines that deliver consistent metal output. Silver Standard emphasizes sustainable resource development and community partnership at each stage of its operations.

The company’s principal producing assets include the Marigold gold mine in Nevada, which entered commercial production in 2006; the Seabee gold operation in Saskatchewan, Canada, acquired in 2016; and the Pirquitas silver‐gold mine in Argentina, which began producing in 2009.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source