Q3 2017 Earnings Estimate for Silver Standard Resources Inc. (SSRM) Issued By Cormark
Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) – Stock analysts at Cormark upped their Q3 2017 EPS estimates for shares of Silver Standard Resources in a research note issued on Friday. Cormark analyst R. Gray now expects that the basic materials company will earn $0.11 per share for the quarter, up from their previous forecast of $0.10. Cormark also issued estimates for Silver Standard Resources’ Q4 2017 earnings at $0.16 EPS, FY2017 earnings at $0.55 EPS, Q1 2018 earnings at $0.11 EPS, Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.10 EPS and Q4 2018 earnings at $0.22 EPS.
Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $116.98 million for the quarter, compared to analysts’ expectations of $117.05 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year.
Several other equities analysts also recently commented on the company. Royal Bank Of Canada upgraded Silver Standard Resources from a “sector perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research report on Thursday, June 29th. ValuEngine downgraded Silver Standard Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, Zacks Investment Research downgraded Silver Standard Resources from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $13.25.
Shares of Silver Standard Resources (SSRM) opened at 10.77 on Monday. The company’s 50-day moving average price is $9.95 and its 200-day moving average price is $10.07. Silver Standard Resources has a one year low of $7.70 and a one year high of $13.73. The stock has a market cap of $1.29 billion, a PE ratio of 12.24 and a beta of -0.17.
About Silver Standard Resources
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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