Silver Standard Resources Inc. (SSRM) Rating Increased to Hold at Zacks Investment Research
Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.
According to Zacks, “SSR Mining Inc. is a mining company. It focused on the operation, development, exploration and acquisition of precious metal projects. The company primarily explores for gold, silver, and mineral properties. It principally serves electronics, coin fabrication, dentistry, jewelry, other industrial, technology, pharmaceuticals and solar energy markets. SSR Mining Inc, formerly known as Silver Standard Resources Inc, is based in Vancouver, Canada. “
A number of other equities analysts have also weighed in on the company. Royal Bank Of Canada reissued a “buy” rating and issued a $13.00 target price on shares of Silver Standard Resources in a research report on Wednesday, August 2nd. ValuEngine lowered Silver Standard Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Credit Suisse Group reissued a “neutral” rating on shares of Silver Standard Resources in a research report on Tuesday, April 18th. Finally, Scotiabank reissued a “sector perform” rating and issued a $15.00 target price on shares of Silver Standard Resources in a research report on Thursday, April 13th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $13.00.
Shares of Silver Standard Resources (NASDAQ SSRM) traded down 1.55% during mid-day trading on Friday, hitting $10.14. 1,364,630 shares of the stock traded hands. The company has a market capitalization of $1.21 billion, a PE ratio of 11.52 and a beta of -0.12. The company’s 50-day moving average price is $9.58 and its 200 day moving average price is $10.18. Silver Standard Resources has a 1-year low of $7.70 and a 1-year high of $15.84.
Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. The firm had revenue of $116.98 million during the quarter, compared to analyst estimates of $117.05 million. Silver Standard Resources had a return on equity of 10.89% and a net margin of 20.37%. Silver Standard Resources’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. Equities research analysts forecast that Silver Standard Resources will post $0.39 EPS for the current fiscal year.
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Silver Standard Resources Company Profile
SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.
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