Silver Standard Resources (NASDAQ:SSRM) Stock Rating Upgraded by National Bank Financial

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) was upgraded by investment analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, MarketBeat.com reports.

SSRM has been the subject of a number of other reports. Wall Street Zen upgraded shares of Silver Standard Resources from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. TD Securities raised Silver Standard Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Silver Standard Resources in a research report on Thursday, January 22nd. TD Cowen raised Silver Standard Resources from a “hold” rating to a “buy” rating in a report on Thursday, January 22nd. Finally, Zacks Research cut Silver Standard Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.25.

Silver Standard Resources Stock Down 6.2%

SSRM opened at $31.19 on Wednesday. The stock has a fifty day moving average of $25.78 and a 200-day moving average of $23.14. The company has a market capitalization of $6.33 billion, a P/E ratio of 16.86, a P/E/G ratio of 0.55 and a beta of -0.18. Silver Standard Resources has a fifty-two week low of $8.65 and a fifty-two week high of $33.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.25 and a current ratio of 2.08.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.29. The business had revenue of $521.73 million during the quarter, compared to analysts’ expectations of $436.23 million. Silver Standard Resources had a net margin of 24.28% and a return on equity of 10.40%. On average, equities analysts expect that Silver Standard Resources will post 0.73 EPS for the current year.

Hedge Funds Weigh In On Silver Standard Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio bought a new stake in shares of Silver Standard Resources during the first quarter worth about $50,000. AQR Capital Management LLC grew its holdings in 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 worth $863,000 after acquiring an additional 70,726 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Silver Standard Resources by 96.6% in 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 valued at $4,113,000 after acquiring an additional 201,525 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake 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 acquiring an additional 529,035 shares during the last quarter. Institutional investors own 68.30% of the company’s stock.

Key Stories Impacting Silver Standard Resources

Here are the key news stories impacting Silver Standard Resources this week:

• Positive Sentiment: Announced binding agreement to sell its 80% stake in the Çöpler mine for $1.5 billion in cash — proceeds payable at closing and materially strengthens the balance sheet. Business Wire: Çöpler sale
• Positive Sentiment: Sale frees up pro‑forma cash (reported at roughly $1.6–$1.8B) and management signals capital-return optionality; company also reported record FY25 revenue and net income, highlighting stronger core operations absent Çöpler. Seeking Alpha: Çöpler exit analysis
• Positive Sentiment: Multiple analyst upgrades lifted sentiment — BMO upgraded to outperform with a $41 target, Bank of America moved to buy, and National Bank Financial upgraded to outperform, giving upside to consensus forecasts and supporting re-rating potential. Finviz: analyst notes
• Neutral Sentiment: Market responded with a sharp intraday rally (reports of a ~15% move higher on heavy volume after the sale/raise) — shows strong appetite but also increased short‑term volatility. InsiderMonkey: stock jump
• Negative Sentiment: After the rally, shares retreated on heavy volume — likely profit‑taking and short‑term repositioning by traders who bought the pre‑news dip. This explains today’s downward pressure despite the strategic positives.
• Negative Sentiment: Transaction closing risk and execution questions remain (timing, regulatory/closing conditions, and how management will allocate proceeds between buybacks, dividends or M&A), which can keep a portion of investors cautious until cash is deployed.

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.