Bank of America Upgrades Silver Standard Resources (NASDAQ:SSRM) to Buy

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) was upgraded by equities research analysts at Bank of America from an “underperform” rating to a “buy” rating in a report released on Wednesday, MarketBeat Ratings reports.

A number of other equities research analysts have also recently issued reports on the company. TD Securities upgraded Silver Standard Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. 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 note on Wednesday, November 12th. Zacks Research downgraded shares of Silver Standard Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. TD Cowen upgraded shares of Silver Standard Resources from a “hold” rating to a “buy” rating in a research note on Thursday, January 22nd. Finally, National Bank Financial raised shares of Silver Standard Resources from a “sector perform” rating to an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Silver Standard Resources currently has an average rating of “Moderate Buy” and a consensus target price of $31.25.

Silver Standard Resources Price Performance

Shares of NASDAQ SSRM opened at $31.19 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 1.25 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $25.78 and a two-hundred day simple moving average of $23.14. Silver Standard Resources has a 1-year low of $8.65 and a 1-year high of $33.49. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 0.55 and a beta of -0.18.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last issued its earnings results on Tuesday, February 17th. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.29. Silver Standard Resources had a return on equity of 10.40% and a net margin of 24.28%.The firm had revenue of $521.73 million for the quarter, compared to analyst estimates of $436.23 million. Analysts anticipate that Silver Standard Resources will post 0.73 earnings per share for the current year.

Institutional Trading of Silver Standard Resources

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio purchased a new stake in Silver Standard Resources in the 1st quarter worth approximately $50,000. AQR Capital Management LLC grew its position in shares of 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 valued at $863,000 after purchasing an additional 70,726 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 period. Finally, Goldman Sachs Group Inc. raised its position in shares of Silver Standard Resources by 27.1% in 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 buying an additional 529,035 shares in the last quarter. Institutional investors own 68.30% of the company’s stock.

Key Silver Standard Resources News

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.