Silver Standard Resources Inc. (NASDAQ:SSRM – Get Free Report) TSE: SSO‘s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.59 and traded as high as $35.31. Silver Standard Resources shares last traded at $34.81, with a volume of 2,581,454 shares traded.
Wall Street Analyst Weigh In
SSRM has been the subject of several recent analyst reports. Wall Street Zen cut shares of Silver Standard Resources from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Weiss Ratings upgraded shares of Silver Standard Resources from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Bank of America cut their price target on shares of Silver Standard Resources from $41.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Zacks Research downgraded shares of Silver Standard Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 29th. Finally, UBS Group lowered their price objective on Silver Standard Resources from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Silver Standard Resources currently has an average rating of “Moderate Buy” and a consensus target price of $41.60.
Get Our Latest Report on Silver Standard Resources
Silver Standard Resources Stock Down 3.9%
The stock has a fifty day moving average of $31.79 and a two-hundred day moving average of $30.59. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 7.56 and a beta of -0.04.
Silver Standard Resources (NASDAQ:SSRM – Get Free Report) TSE: SSO last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $443.80 million during the quarter, compared to analyst estimates of $483.84 million. Silver Standard Resources had a net margin of 12.30% and a return on equity of 16.17%. On average, research analysts expect that Silver Standard Resources Inc. will post 3.87 EPS for the current year.
Silver Standard Resources Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 14th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, August 14th. Silver Standard Resources’s dividend payout ratio (DPR) is currently 10.91%.
Silver Standard Resources Company Profile
Silver Standard Resources Inc was a precious-metals mining company focused primarily on the exploration, development and production of silver and gold. The company also produced associated metals, including lead and zinc, from certain operations. Its assets included the Pirquitas silver mine and the Chinchillas silver-lead-zinc project in Argentina, which were combined into the Puna Operations.
Silver Standard expanded its portfolio through acquisitions, including the Marigold gold mine in Nevada and the Seabee gold operation in Saskatchewan.
See Also
- Five stocks we like better than Silver Standard Resources
- Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings
- Institutional Money Is Pouring Into These 2 Altcoin ETFs
- The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares
- 3 Dividend Kings to Buy While They’re Still Beaten Down
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Silver Standard Resources Right Now?
Before you consider Silver Standard Resources, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Silver Standard Resources wasn’t on the list.
While Silver Standard Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. “Physical AI” is coming. Learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
