UBS Group restated their neutral rating on shares of Silver Standard Resources (NASDAQ:SSRM - Free Report) TSE: SSO in a report issued on Tuesday, MarketBeat.com reports. UBS Group currently has a $13.85 price target on the basic materials company's stock, up from their prior price target of $12.35.
A number of other brokerages also recently weighed in on SSRM. Wall Street Zen raised shares of Silver Standard Resources from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Cormark raised shares of Silver Standard Resources from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. National Bank Financial raised Silver Standard Resources to a "hold" rating in a report on Friday, March 21st. Finally, National Bankshares restated a "sector perform" rating on shares of Silver Standard Resources in a research report on Wednesday, April 23rd. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $10.53.
Check Out Our Latest Analysis on Silver Standard Resources
Silver Standard Resources Trading Down 3.3%
Silver Standard Resources stock traded down $0.42 during trading on Tuesday, reaching $12.23. The company had a trading volume of 1,298,713 shares, compared to its average volume of 2,626,685. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 29.84 and a beta of -0.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.85 and a current ratio of 3.95. The stock's 50 day moving average price is $11.51 and its two-hundred day moving average price is $9.82. Silver Standard Resources has a 12-month low of $4.32 and a 12-month high of $13.46.
Silver Standard Resources (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.21. Silver Standard Resources had a net margin of 7.82% and a return on equity of 2.44%. The company had revenue of $303.43 million during the quarter, compared to analysts' expectations of $332.64 million. As a group, equities analysts expect that Silver Standard Resources will post 0.73 earnings per share for the current fiscal year.
Institutional Trading of Silver Standard Resources
Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Silver Standard Resources by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,346,480 shares of the basic materials company's stock valued at $72,216,000 after purchasing an additional 71,364 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Silver Standard Resources by 21.8% in the 4th 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 buying an additional 1,802,821 shares during the period. Federated Hermes Inc. increased its position in shares of Silver Standard Resources by 53.9% in 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 buying an additional 1,285,347 shares in the last quarter. Tidal Investments LLC lifted its holdings in Silver Standard Resources by 14.7% during the fourth quarter. Tidal Investments LLC now owns 3,174,367 shares of the basic materials company's stock worth $22,094,000 after acquiring an additional 407,920 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Silver Standard Resources by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,678,940 shares of the basic materials company's stock worth $18,652,000 after acquiring an additional 38,593 shares in the last quarter. Institutional investors own 68.30% of the company's stock.
About Silver Standard Resources
(
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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