Silver Standard Resources Inc. (SSRM) Set to Announce Earnings on Tuesday
Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) is set to release its earnings data after the market closes on Tuesday, November 7th. Analysts expect Silver Standard Resources to post earnings of $0.05 per share for the quarter.
Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $116.98 million during the quarter, compared to analyst estimates of $117.05 million. Silver Standard Resources had a net margin of 20.37% and a return on equity of 10.69%. The business’s 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 earnings per share. On average, analysts expect Silver Standard Resources to post $0.44 EPS for the current fiscal year and $0.32 EPS for the next fiscal year.
Shares of Silver Standard Resources Inc. (NASDAQ:SSRM) traded down 1.5890% during mid-day trading on Tuesday, hitting $9.6246. 198,810 shares of the company were exchanged. The stock’s 50-day moving average price is $10.42 and its 200 day moving average price is $9.99. Silver Standard Resources Inc. has a 12-month low of $7.70 and a 12-month high of $12.90. The stock has a market cap of $1.15 billion, a PE ratio of 10.9370 and a beta of -0.19.
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A number of research analysts have recently commented on SSRM shares. Zacks Investment Research lowered Silver Standard Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Royal Bank Of Canada reiterated a “buy” rating and set a $13.00 price target on shares of Silver Standard Resources in a report on Wednesday, August 2nd. Finally, Scotiabank upgraded Silver Standard Resources from a “sector perform” rating to an “outperform” rating and set a $13.00 price target for the company in a report on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $12.75.
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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