Analysts Set Silver Standard Resources Inc. (NASDAQ:SSRM) PT at $10.53

Silver Standard Resources Inc. (NASDAQ:SSRM - Get Free Report) TSE: SSO has been assigned an average recommendation of "Hold" from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $10.53.

Several research firms have issued reports on SSRM. Cormark upgraded Silver Standard Resources from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. UBS Group reiterated 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, June 24th. National Bank Financial upgraded Silver Standard Resources to a "hold" rating in a report on Friday, March 21st. National Bankshares reissued a "sector perform" rating on shares of Silver Standard Resources in a research report on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Silver Standard Resources from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st.

Silver Standard Resources Stock Up 2.0%

NASDAQ:SSRM traded up $0.27 during midday trading on Monday, reaching $13.45. The company had a trading volume of 2,670,649 shares, compared to its average volume of 2,487,585. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 32.80 and a beta of -0.12. The stock's fifty day simple moving average is $11.85 and its 200-day simple moving average is $10.10. Silver Standard Resources has a 12-month low of $4.32 and a 12-month high of $13.47. The company has a current ratio of 3.95, a quick ratio of 1.85 and a debt-to-equity ratio of 0.08.

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

Institutional Trading of Silver Standard Resources

A number of large investors have recently added to or reduced their stakes in SSRM. Vanguard Group Inc. boosted its stake in Silver Standard Resources by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,346,480 shares of the basic materials company's stock worth $72,216,000 after purchasing an additional 71,364 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 during the period. Federated Hermes Inc. raised its holdings in shares of 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 purchasing an additional 1,285,347 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Silver Standard Resources by 14.7% during the 4th quarter. Tidal Investments LLC now owns 3,174,367 shares of the basic materials company's stock valued at $22,094,000 after purchasing an additional 407,920 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Silver Standard Resources by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,678,940 shares of the basic materials company's stock valued at $18,652,000 after purchasing an additional 38,593 shares in the last quarter. 68.30% of the stock is currently owned by 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.