SSRM FY2025 EPS Forecast Raised by National Bank Financial

Key Points

• National Bank Financial has raised its FY2025 earnings per share forecast for Silver Standard Resources from $1.59 to $1.71.
• Zacks Research downgraded Silver Standard Resources from a "strong-buy" to a "hold" rating, while UBS Group upgraded their target price from $18.95 to $22.95.
• Silver Standard Resources reported $0.51 earnings per share for the last quarter, exceeding the consensus estimate of $0.23 by $0.28.

Silver Standard Resources Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - National Bank Financial lifted their FY2025 earnings estimates for Silver Standard Resources in a research report issued on Tuesday, September 23rd. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will post earnings of $1.71 per share for the year, up from their previous forecast of $1.59. The consensus estimate for Silver Standard Resources' current full-year earnings is $0.73 per share.

Several other research analysts also recently weighed in on the stock. Zacks Research downgraded shares of Silver Standard Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 9th. UBS Group downgraded shares of Silver Standard Resources from a "buy" rating to a "neutral" rating and upped their target price for the company from $18.95 to $22.95 in a research note on Friday, September 19th. BMO Capital Markets started coverage on shares of Silver Standard Resources in a research note on Friday, July 18th. They issued a "market perform" rating and a $13.50 target price for the company. Finally, Wall Street Zen upgraded shares of Silver Standard Resources from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Seven investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $13.55.

Silver Standard Resources Price Performance

Shares of SSRM stock opened at $22.82 on Thursday. The company has a market capitalization of $4.63 billion, a PE ratio of 29.26 and a beta of -0.08. The firm has a fifty day simple moving average of $17.30 and a 200-day simple moving average of $13.40. The company has a current ratio of 2.39, a quick ratio of 1.20 and a debt-to-equity ratio of 0.03. Silver Standard Resources has a twelve month low of $5.06 and a twelve month high of $23.71.

Silver Standard Resources (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.28. The business had revenue of $410.54 million during the quarter, compared to the consensus estimate of $381.08 million. Silver Standard Resources had a net margin of 12.66% and a return on equity of 4.99%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Strs Ohio bought a new position in Silver Standard Resources during the 1st quarter valued at $50,000. Belpointe Asset Management LLC bought a new position in Silver Standard Resources during the 1st quarter valued at $206,000. Bayforest Capital Ltd bought a new position in Silver Standard Resources during the 1st quarter valued at $147,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Silver Standard Resources by 96.6% during the 1st 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 during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Silver Standard Resources by 27.1% during the 1st 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 during 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.

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