What is Scotiabank's Forecast for SSRM FY2026 Earnings?

Key Points

• Scotiabank raised its FY2026 EPS estimate for Silver Standard Resources to $3.07 (from $3.00) in a note on April 23, while the market consensus remains higher at $3.79 per share.
• Several brokers have recently upgraded SSRM (including BMO, Bank of America, National Bank Financial and Weiss), and the street consensus rating is Buy with a consensus price target of $37.25.
• SSRM recently beat quarterly expectations with $0.88 EPS (vs. $0.59 est.) and opened Tuesday at about $30.73, trading with a market cap near $6.65 billion and a P/E of ~16.6.

Silver Standard Resources Inc. (NASDAQ:SSRM - Free Report) TSE: SSO - Stock analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for shares of Silver Standard Resources in a research note issued on Thursday, April 23rd. Scotiabank analyst O. Habib now expects that the basic materials company will post earnings per share of $3.07 for the year, up from their previous forecast of $3.00. The consensus estimate for Silver Standard Resources' current full-year earnings is $3.79 per share.

SSRM has been the topic of a number of other research reports. BMO Capital Markets raised Silver Standard Resources from a "market perform" rating to an "outperform" rating and set a $41.00 target price on the stock in a research report on Thursday, March 5th. Bank of America raised Silver Standard Resources from an "underperform" rating to a "buy" rating in a research report on Wednesday, March 4th. National Bank Financial raised Silver Standard Resources from a "sector perform" rating to an "outperform" rating in a research report on Wednesday, March 4th. Weiss Ratings raised Silver Standard Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, April 2nd. Finally, Wall Street Zen downgraded Silver Standard Resources from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $37.25.

Silver Standard Resources Stock Performance

SSRM opened at $30.73 on Tuesday. The business's 50-day moving average price is $29.74 and its two-hundred day moving average price is $25.35. Silver Standard Resources has a 1 year low of $9.88 and a 1 year high of $36.51. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 0.52 and a beta of -0.11. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.08 and a quick ratio of 1.25.

Silver Standard Resources (NASDAQ:SSRM - Get Free Report) TSE: SSO last released its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $521.73 million for the quarter, compared to the consensus estimate of $436.23 million.

Institutional Trading of Silver Standard Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio acquired a new position in Silver Standard Resources during the first quarter worth approximately $50,000. AQR Capital Management LLC increased its position in 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 increased its position in 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. increased its position in 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. Institutional investors and hedge funds own 68.30% of the company's stock.

Silver Standard Resources Company Profile

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.

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.