Silver Standard Resources (NASDAQ:SSRM – Free Report) (TSE:SSO) had its target price increased by UBS Group from $36.00 to $37.00 in a report released on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the basic materials company’s stock.
Several other brokerages also recently commented on SSRM. Scotiabank upgraded shares of Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, October 23rd. Zacks Research lowered shares of Silver Standard Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Canadian Imperial Bank of Commerce lifted their target price on shares of Silver Standard Resources from $28.50 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Silver Standard Resources in a report on Thursday, January 22nd. Finally, TD Securities raised Silver Standard Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Two research 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.38.
View Our Latest Analysis on SSRM
Silver Standard Resources Stock Performance
Silver Standard Resources (NASDAQ:SSRM – Get Free Report) (TSE:SSO) last issued its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.29. The firm had revenue of $521.73 million during the quarter, compared to analyst estimates of $436.23 million. Silver Standard Resources had a return on equity of 10.56% and a net margin of 24.28%. On average, analysts expect that Silver Standard Resources will post 0.73 EPS for the current fiscal year.
Institutional Trading of Silver Standard Resources
Large investors have recently bought and sold shares of the company. Strs Ohio purchased a new position in shares of Silver Standard Resources during the 1st quarter valued at $50,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Silver Standard Resources by 96.6% during 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 purchasing an additional 201,525 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in 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 worth $24,895,000 after purchasing an additional 529,035 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Silver Standard Resources by 461.5% in the first quarter. AQR Capital Management LLC now owns 86,050 shares of the basic materials company’s stock worth $863,000 after purchasing an additional 70,726 shares in the last quarter. 68.30% of the stock is owned by hedge funds and other institutional investors.
Key Silver Standard Resources News
Here are the key news stories impacting Silver Standard Resources this week:
- Positive Sentiment: Posted a solid earnings beat — reported $0.88 EPS vs. $0.59 consensus and revenue of $521.7M vs. $436.2M expected; company showed a healthy net margin and ROE, and provided supporting slide/press materials. Earnings Press Release
- Positive Sentiment: Reported full-year 2025 results and issued 2026 operating guidance, plus updated mineral reserves/resources — consolidated Q4 production of ~120,267 gold-equivalent ounces and published cost metrics and guidance that investors use to model 2026 cash flow. Business Wire: Full-Year Results & Guidance
- Positive Sentiment: UBS upgraded the stock to Buy and raised its price target from $36 to $37 (implying substantial upside vs. current levels), which likely reinforced buying interest from institutional investors. Benzinga: UBS Price Target Raise
- Neutral Sentiment: Issued a notice of redemption for ~$230M aggregate principal of 2.50% convertible senior notes due 2039 — this removes potential future dilution from those convertibles but will require cash or other settlement on redemption; investors will watch cash use and financing implications. Business Wire: Redemption Notice
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.
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