What is Scotiabank’s Estimate for SSRM FY2025 Earnings?

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) – Analysts at Scotiabank upped their FY2025 earnings per share estimates for Silver Standard Resources in a report released on Friday, January 23rd. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings of $1.72 per share for the year, up from their prior estimate of $1.66. 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.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $390.16 million for the quarter, compared to analyst estimates of $444.80 million. Silver Standard Resources had a return on equity of 6.46% and a net margin of 15.36%.

SSRM has been the topic of several other reports. Zacks Research lowered shares of Silver Standard Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. UBS Group lifted their price target on shares of Silver Standard Resources from $31.50 to $34.50 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Bank of America increased their price objective on Silver Standard Resources from $12.75 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, October 16th. TD Securities raised Silver Standard Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Finally, TD Cowen upgraded Silver Standard Resources from a “hold” rating to a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.60.

Silver Standard Resources Price Performance

Silver Standard Resources stock opened at $26.26 on Monday. The company has a current ratio of 2.41, a quick ratio of 1.24 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $22.36 and a 200 day moving average price of $20.34. Silver Standard Resources has a 12-month low of $7.55 and a 12-month high of $26.86. The stock has a market cap of $5.33 billion, a P/E ratio of 25.25 and a beta of -0.11.

Hedge Funds Weigh In On Silver Standard Resources

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

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.