Silver Standard Resources Inc. (SSRM) Given Consensus Rating of “Buy” by Analysts
Shares of Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) have been assigned a consensus rating of “Buy” from the six research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $12.67.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Silver Standard Resources from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Thursday, October 19th. Scotiabank upgraded shares of Silver Standard Resources from a “sector perform” rating to an “outperform” rating and set a $13.00 price target for the company in a research report on Monday, September 25th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Silver Standard Resources in a research report on Thursday, September 7th.
Silver Standard Resources (NASDAQ SSRM) opened at 9.86 on Wednesday. The stock has a 50 day moving average of $10.53 and a 200 day moving average of $10.03. The company has a market capitalization of $1.18 billion, a PE ratio of 11.20 and a beta of -0.19. Silver Standard Resources has a 12-month low of $7.70 and a 12-month high of $12.90.
Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $116.98 million during the quarter, compared to analysts’ expectations of $117.05 million. Silver Standard Resources had a net margin of 20.37% and a return on equity of 10.69%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. On average, equities research analysts predict that Silver Standard Resources will post $0.41 EPS for the current year.
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.
Receive News & Ratings for Silver Standard Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silver Standard Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.