Silver Standard Resources (NASDAQ:SSRM) Research Coverage Started at BMO Capital Markets

BMO Capital Markets began coverage on shares of Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) in a report published on Friday morning. The brokerage issued a market perform rating and a $13.50 price objective on the basic materials company’s stock.

A number of other equities analysts have also issued reports on the stock. Cormark raised shares of Silver Standard Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 22nd. Wall Street Zen lowered shares of Silver Standard Resources from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. National Bank Financial raised shares of Silver Standard Resources to a “hold” rating in a research report on Friday, March 21st. National Bankshares reissued a “sector perform” rating on shares of Silver Standard Resources in a research report on Wednesday, April 23rd. Finally, UBS Group reissued a “neutral” rating and set a $13.85 price target (up from $12.35) on shares of Silver Standard Resources in a research report on Tuesday, June 24th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.28.

Silver Standard Resources Price Performance

Shares of NASDAQ SSRM opened at $11.80 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.85 and a current ratio of 3.95. The company has a market cap of $2.39 billion, a PE ratio of 28.78 and a beta of -0.12. The business has a 50-day simple moving average of $12.21 and a two-hundred day simple moving average of $10.50. Silver Standard Resources has a fifty-two week low of $4.32 and a fifty-two week high of $13.48.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.21. Silver Standard Resources had a net margin of 7.82% and a return on equity of 2.44%. The company had revenue of $303.43 million for the quarter, compared to the consensus estimate of $332.64 million. As a group, equities analysts expect that Silver Standard Resources will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Deutsche Bank AG lifted its holdings in Silver Standard Resources by 23.5% in the fourth quarter. Deutsche Bank AG now owns 363,494 shares of the basic materials company’s stock valued at $2,530,000 after acquiring an additional 69,124 shares during the period. RFG Advisory LLC acquired a new position in shares of Silver Standard Resources during the 1st quarter worth approximately $206,000. JPMorgan Chase & Co. raised its stake in shares of Silver Standard Resources by 23.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,918,258 shares of the basic materials company’s stock worth $13,351,000 after buying an additional 370,006 shares during the period. American Century Companies Inc. raised its stake in shares of Silver Standard Resources by 99.3% during the 4th quarter. American Century Companies Inc. now owns 506,331 shares of the basic materials company’s stock worth $3,528,000 after buying an additional 252,293 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Silver Standard Resources by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,378,659 shares of the basic materials company’s stock worth $9,614,000 after buying an additional 51,408 shares during the period. 68.30% of the stock is owned by institutional investors and hedge funds.

About Silver Standard Resources

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.