Equities research analysts at BMO Capital Markets initiated coverage on shares of Silver Standard Resources (NASDAQ:SSRM - Get Free Report) TSE: SSO in a report released on Friday, July 18th, MarketBeat.com reports. The firm set a "market perform" rating and a $13.50 price target on the basic materials company's stock. BMO Capital Markets' price target would suggest a potential upside of 7.48% from the company's current price.
Other analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Silver Standard Resources from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. National Bank Financial upgraded shares of Silver Standard Resources to a "hold" rating in a research report on Friday, March 21st. UBS Group reiterated a "neutral" rating and issued a $13.85 price objective (up from $12.35) on shares of Silver Standard Resources in a research report on Tuesday, June 24th. National Bankshares reiterated a "sector perform" rating on shares of Silver Standard Resources in a research report on Wednesday, April 23rd. Finally, Cormark upgraded shares of Silver Standard Resources from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Silver Standard Resources has an average rating of "Hold" and a consensus price target of $11.28.
Read Our Latest Research Report on SSRM
Silver Standard Resources Trading Down 1.4%
Silver Standard Resources stock opened at $12.56 on Friday. The firm's 50-day moving average is $12.38 and its 200-day moving average is $10.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.85 and a current ratio of 3.95. Silver Standard Resources has a 1 year low of $4.32 and a 1 year high of $13.48. The company has a market cap of $2.55 billion, a P/E ratio of 30.63 and a beta of -0.12.
Silver Standard Resources (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.21. The company had revenue of $303.43 million for the quarter, compared to the consensus estimate of $332.64 million. Silver Standard Resources had a net margin of 7.82% and a return on equity of 2.44%. On average, equities analysts expect that Silver Standard Resources will post 0.73 earnings per share for the current year.
Institutional Trading of Silver Standard Resources
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allianz SE acquired a new position in shares of Silver Standard Resources in the 4th quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Silver Standard Resources in the 1st quarter worth approximately $32,000. Tacita Capital Inc acquired a new position in shares of Silver Standard Resources in the 1st quarter worth approximately $48,000. Strs Ohio acquired a new position in shares of Silver Standard Resources in the 1st quarter worth approximately $50,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Silver Standard Resources in the 1st quarter worth approximately $72,000. 68.30% of the stock is currently owned by institutional investors.
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.
Featured Articles

Before you consider Silver Standard Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silver Standard Resources wasn't on the list.
While Silver Standard Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.