Silver Standard Resources Inc. (SSRM) – What Are Analysts Saying About This Stock?

Shares of Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) have been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $42.60.

Several analysts have recently commented on SSRM shares. Royal Bank Of Canada lifted their price target on shares of Silver Standard Resources from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Weiss Ratings cut Silver Standard Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. UBS Group lowered their price objective on Silver Standard Resources from $41.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, October 14th. Zacks Research cut Silver Standard Resources from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. Finally, Bank of America cut their target price on Silver Standard Resources from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, July 9th.

Silver Standard Resources Price Performance

Shares of SSRM stock opened at $28.38 on Friday. The company has a market capitalization of $5.72 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 5.99 and a beta of -0.10. The firm’s 50-day moving average is $35.02 and its two-hundred day moving average is $31.59. Silver Standard Resources has a 12 month low of $18.19 and a 12 month high of $39.44.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). Silver Standard Resources had a net margin of 12.30% and a return on equity of 16.17%. The firm had revenue of $443.80 million during the quarter, compared to analysts’ expectations of $483.84 million. Sell-side analysts forecast that Silver Standard Resources will post 3.82 EPS for the current year.

Silver Standard Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 14th were paid a C$0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, August 14th. Silver Standard Resources’s dividend payout ratio is 10.91%.

About Silver Standard Resources

Silver Standard Resources, now known as SSR Mining Inc (NASDAQ: SSRM), is a precious metals mining company focused primarily on the exploration, development and production of gold and silver. The company’s operations have included open-pit and underground mines, processing facilities and exploration properties in the Americas and Türkiye.

SSR Mining has historically operated the Marigold gold mine in Nevada, the Seabee gold operation in Saskatchewan, Canada, and the Puna silver-lead-zinc complex in Jujuy, Argentina.