Silver Standard Resources Inc. (NASDAQ:SSRM - Get Free Report) TSE: SSO's share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $21.64 and last traded at $21.32, with a volume of 98970 shares. The stock had previously closed at $21.10.
Analyst Ratings Changes
SSRM has been the topic of a number of research reports. Wall Street Zen raised shares of Silver Standard Resources from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Zacks Research raised shares of Silver Standard Resources to a "strong-buy" rating in a research report on Monday, August 11th. BMO Capital Markets began coverage on shares of Silver Standard Resources in a research report on Friday, July 18th. They set a "market perform" rating and a $13.50 target price on the stock. Finally, UBS Group raised shares of Silver Standard Resources from a "neutral" rating to a "buy" rating and raised their target price for the company from $13.85 to $18.95 in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.55.
Check Out Our Latest Analysis on Silver Standard Resources
Silver Standard Resources Price Performance
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 capitalization of $4.35 billion, a P/E ratio of 27.46 and a beta of -0.08. The stock's fifty day simple moving average is $14.84 and its 200 day simple moving average is $12.35.
Silver Standard Resources (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts predict that Silver Standard Resources Inc. will post 0.73 EPS for the current year.
Hedge Funds Weigh In On Silver Standard Resources
Several hedge funds have recently modified their holdings of the stock. Strs Ohio acquired a new position in shares of Silver Standard Resources during the first quarter valued at about $50,000. Belpointe Asset Management LLC acquired a new position in shares of Silver Standard Resources during the first quarter valued at about $206,000. Bayforest Capital Ltd acquired a new position in shares of Silver Standard Resources during the first quarter valued at about $147,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of 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 valued at $4,113,000 after acquiring an additional 201,525 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Silver Standard Resources by 27.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,482,100 shares of the basic materials company's stock valued at $24,895,000 after acquiring an additional 529,035 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company's stock.
Silver Standard Resources Company Profile
(
Get 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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