Scotiabank Has Pessimistic Outlook of SSRM FY2027 Earnings

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) – Analysts at Scotiabank cut their FY2027 earnings per share estimates for shares of Silver Standard Resources in a note issued to investors on Wednesday, July 15th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings per share of $3.46 for the year, down from their prior estimate of $3.50. The consensus estimate for Silver Standard Resources’ current full-year earnings is $3.92 per share.

A number of other research analysts also recently issued reports on the company. Zacks Research downgraded Silver Standard Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, May 29th. Wall Street Zen cut shares of Silver Standard Resources from a “strong-buy” rating to a “buy” rating in a research note on Saturday. UBS Group cut their target price on shares of Silver Standard Resources from $43.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Royal Bank Of Canada decreased their target price on shares of Silver Standard Resources from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Finally, Weiss Ratings downgraded shares of Silver Standard Resources from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Silver Standard Resources presently has an average rating of “Moderate Buy” and an average target price of $41.60.

Silver Standard Resources Price Performance

Silver Standard Resources stock opened at $25.57 on Monday. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.25 and a beta of -0.10. Silver Standard Resources has a 52 week low of $11.70 and a 52 week high of $36.51. The business’s 50-day moving average price is $29.54 and its 200 day moving average price is $28.37. The company has a quick ratio of 4.57, a current ratio of 5.33 and a debt-to-equity ratio of 0.01.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.34. Silver Standard Resources had a return on equity of 14.87% and a net margin of 12.17%.The business had revenue of $418.46 million during the quarter, compared to analysts’ expectations of $524.79 million.

Institutional Trading of Silver Standard Resources

Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its position in shares of Silver Standard Resources by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,482,100 shares of the basic materials company’s stock valued at $24,895,000 after buying an additional 529,035 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Silver Standard Resources by 96.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 410,046 shares of the basic materials company’s stock worth $4,113,000 after buying an additional 201,525 shares during the period. AQR Capital Management LLC lifted its position in shares of Silver Standard Resources by 461.5% during the 1st quarter. AQR Capital Management LLC now owns 86,050 shares of the basic materials company’s stock valued at $863,000 after buying an additional 70,726 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Silver Standard Resources during the 1st quarter valued at approximately $50,000. 68.30% of the stock is owned by institutional investors and hedge funds.

Silver Standard Resources Company Profile

Silver Standard Resources Inc (NASDAQ: SSRM) is a Vancouver‐based precious metals company engaged in the acquisition, exploration, development and production of silver and gold deposits primarily across the Americas. The company’s strategy centers on advancing high‐quality projects into production while maintaining a portfolio of operating mines that deliver consistent metal output. Silver Standard emphasizes sustainable resource development and community partnership at each stage of its operations.

The company’s principal producing assets include the Marigold gold mine in Nevada, which entered commercial production in 2006; the Seabee gold operation in Saskatchewan, Canada, acquired in 2016; and the Pirquitas silver‐gold mine in Argentina, which began producing in 2009.