Silver Standard Resources Inc. (NASDAQ:SSRM - Get Free Report) TSE: SSO gapped up before the market opened on Wednesday . The stock had previously closed at $28.25, but opened at $32.41. Silver Standard Resources shares last traded at $33.9210, with a volume of 751,021 shares.
Analyst Ratings Changes
A number of brokerages have issued reports on SSRM. Bank of America raised Silver Standard Resources from an "underperform" rating to a "buy" rating in a report on Wednesday, March 4th. National Bank Financial raised Silver Standard Resources from a "sector perform" rating to an "outperform" rating in a report on Wednesday, March 4th. Weiss Ratings raised Silver Standard Resources from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, April 2nd. BMO Capital Markets raised Silver Standard Resources from a "market perform" rating to an "outperform" rating and set a $41.00 price target for the company in a report on Thursday, March 5th. Finally, Canadian Imperial Bank of Commerce raised Silver Standard Resources from a "neutral" rating to a "sector outperform" rating and set a $48.00 price target for the company in a report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $37.25.
Read Our Latest Research Report on SSRM
Silver Standard Resources Price Performance
The stock has a 50-day moving average price of $29.79 and a 200 day moving average price of $25.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.08 and a quick ratio of 1.25. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 0.40 and a beta of -0.17.
Silver Standard Resources (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its earnings results on Tuesday, February 17th. The basic materials company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.29. Silver Standard Resources had a return on equity of 10.40% and a net margin of 24.28%.The business had revenue of $521.73 million for the quarter, compared to analysts' expectations of $436.23 million. As a group, equities research analysts forecast that Silver Standard Resources Inc. will post 3.93 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Silver Standard Resources
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio purchased a new position in shares of Silver Standard Resources during the first quarter worth about $50,000. AQR Capital Management LLC grew its holdings in shares of Silver Standard Resources by 461.5% during the first quarter. AQR Capital Management LLC now owns 86,050 shares of the basic materials company's stock worth $863,000 after buying an additional 70,726 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 worth $4,113,000 after buying an additional 201,525 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew 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 worth $24,895,000 after buying an additional 529,035 shares during the last quarter. Hedge funds and other institutional investors own 68.30% of the company's stock.
About Silver Standard Resources
(
Get Free Report)
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.
Further Reading
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.
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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
