Equities Analysts Set Expectations for SSRM FY2027 Earnings

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) – Investment analysts at Scotiabank lifted their FY2027 EPS estimates for shares of Silver Standard Resources in a report issued on Wednesday, February 11th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings of $3.68 per share for the year, up from their previous estimate of $3.53. Scotiabank has a “Sector Outperform” rating on the stock. The consensus estimate for Silver Standard Resources’ current full-year earnings is $0.73 per share.

SSRM has been the topic of a number of other research reports. Canadian Imperial Bank of Commerce lifted their target price on Silver Standard Resources from $28.50 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. UBS Group lifted their price objective on shares of Silver Standard Resources from $31.50 to $34.50 and gave the company a “buy” rating in a report on Wednesday, January 14th. TD Securities raised shares of Silver Standard Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. TD Cowen upgraded shares of Silver Standard Resources from a “hold” rating to a “buy” rating in a report on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of Silver Standard Resources from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 10th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.75.

Silver Standard Resources Stock Performance

SSRM opened at $28.11 on Friday. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 27.03 and a beta of -0.14. The business’s 50-day moving average price is $23.59 and its two-hundred day moving average price is $21.61. Silver Standard Resources has a 1 year low of $8.65 and a 1 year high of $28.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.41 and a quick ratio of 1.24.

Institutional Investors Weigh In On Silver Standard Resources

Several hedge funds have recently bought and sold shares of SSRM. Strs Ohio acquired a new position in Silver Standard Resources during the 1st quarter valued at about $50,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Silver Standard Resources by 96.6% in the first 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 purchasing an additional 201,525 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Silver Standard Resources by 27.1% during 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 during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Silver Standard Resources by 461.5% during the first quarter. AQR Capital Management LLC now owns 86,050 shares of the basic materials company’s stock worth $863,000 after buying an additional 70,726 shares in the last quarter. 68.30% of the stock is currently owned by institutional investors and hedge funds.

About Silver Standard Resources

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.