Silver Standard Resources Inc. (SSRM) Earns Outperform Rating from Royal Bank Of Canada
Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday.
Other equities analysts have also issued research reports about the company. ValuEngine lowered Silver Standard Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Zacks Investment Research lowered Silver Standard Resources from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Silver Standard Resources currently has an average rating of “Buy” and a consensus price target of $13.25.
Shares of Silver Standard Resources (NASDAQ:SSRM) traded up 2.36% during trading on Thursday, reaching $10.83. 933,573 shares of the company were exchanged. The firm has a market capitalization of $1.29 billion, a P/E ratio of 12.31 and a beta of -0.17. The firm’s 50 day moving average is $9.90 and its 200 day moving average is $10.06. Silver Standard Resources has a 1-year low of $7.70 and a 1-year high of $13.77.
Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last posted its earnings results on Wednesday, August 9th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. Silver Standard Resources had a return on equity of 10.69% and a net margin of 20.37%. The company had revenue of $116.98 million for the quarter, compared to analyst estimates of $117.05 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts anticipate 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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