
Silver Standard Resources Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Analysts at National Bank Financial upped their FY2026 earnings per share estimates for Silver Standard Resources in a report released on Tuesday, July 15th. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will post earnings of $3.20 per share for the year, up from their prior estimate of $2.46. The consensus estimate for Silver Standard Resources' current full-year earnings is $0.73 per share.
Silver Standard Resources (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.21. Silver Standard Resources had a return on equity of 2.44% and a net margin of 7.82%. The company had revenue of $303.43 million during the quarter, compared to analysts' expectations of $332.64 million.
A number of other equities analysts have also recently issued reports on the stock. National Bankshares restated a "sector perform" rating on shares of Silver Standard Resources in a research note on Wednesday, April 23rd. BMO Capital Markets initiated coverage on Silver Standard Resources in a report on Friday. They set a "market perform" rating and a $13.50 price objective for the company. Cormark upgraded Silver Standard Resources from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. Wall Street Zen downgraded Silver Standard Resources from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $13.85 price target (up from $12.35) on shares of Silver Standard Resources in a research note on Tuesday, June 24th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $11.28.
Get Our Latest Stock Analysis on Silver Standard Resources
Silver Standard Resources Stock Performance
Shares of NASDAQ:SSRM traded up $0.73 on Friday, hitting $12.53. 1,103,752 shares of the company were exchanged, compared to its average volume of 2,474,360. The stock's 50 day moving average price is $12.21 and its 200 day moving average price is $10.50. Silver Standard Resources has a 1-year low of $4.32 and a 1-year high of $13.48. The company has a current ratio of 3.95, a quick ratio of 1.85 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2.54 billion, a P/E ratio of 30.55 and a beta of -0.12.
Institutional Trading of Silver Standard Resources
A number of hedge funds have recently made changes to their positions in the company. Nuveen LLC acquired a new position in Silver Standard Resources during the first quarter worth $18,759,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Silver Standard Resources by 21.8% during the fourth 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 purchasing an additional 1,802,821 shares in the last quarter. Federated Hermes Inc. raised its stake in 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 during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Silver Standard Resources by 921.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,013,320 shares of the basic materials company's stock worth $10,164,000 after buying an additional 914,084 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Silver Standard Resources by 413.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 930,200 shares of the basic materials company's stock valued at $9,323,000 after buying an additional 748,900 shares during the period. 68.30% of the stock is owned by institutional investors and hedge funds.
Silver Standard Resources Company Profile
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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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