Atria Wealth Solutions Inc. Sells 20,000 Shares of Silver Standard Resources Inc. $SSRM

Atria Wealth Solutions Inc. lowered its stake in shares of Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) by 57.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,000 shares of the basic materials company’s stock after selling 20,000 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Silver Standard Resources were worth $150,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Deutsche Bank AG raised its stake in shares of 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 purchasing an additional 69,124 shares in the last quarter. RFG Advisory LLC bought a new position in Silver Standard Resources in the first quarter valued at about $206,000. Alps Advisors Inc. bought a new position in Silver Standard Resources in the first quarter valued at about $292,000. Victory Capital Management Inc. bought a new position in Silver Standard Resources in the first quarter valued at about $846,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Silver Standard Resources by 3.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,794 shares of the basic materials company’s stock worth $289,000 after buying an additional 1,089 shares during the last quarter. 68.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on SSRM. National Bankshares restated a “sector perform” rating on shares of Silver Standard Resources in a report on Wednesday, April 23rd. Zacks Research upgraded Silver Standard Resources to a “strong-buy” rating in a report on Monday, August 11th. Cormark upgraded Silver Standard Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 22nd. UBS Group upgraded Silver Standard Resources from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $13.85 to $18.95 in a report on Friday. Finally, Wall Street Zen upgraded Silver Standard Resources from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 26th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Silver Standard Resources presently has an average rating of “Moderate Buy” and a consensus price target of $12.55.

Silver Standard Resources Trading Up 4.4%

NASDAQ SSRM opened at $16.78 on Monday. The business has a 50 day simple moving average of $13.11 and a 200 day simple moving average of $11.37. Silver Standard Resources Inc. has a one year low of $4.82 and a one year high of $16.81. The stock has a market capitalization of $3.40 billion, a P/E ratio of 21.51 and a beta of -0.16. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.39 and a quick ratio of 1.20.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.28. The company had revenue of $410.54 million for the quarter, compared to analyst estimates of $381.08 million. Silver Standard Resources had a return on equity of 4.99% and a net margin of 12.66%. Research analysts expect that Silver Standard Resources Inc. will post 0.73 earnings per share for the current year.

Silver Standard Resources Company Profile

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.