Silver Standard Resources Inc. to Post Q3 2017 Earnings of $0.10 Per Share, Cormark Forecasts (SSRM)
Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) – Equities researchers at Cormark issued their Q3 2017 earnings estimates for Silver Standard Resources in a research report issued to clients and investors on Wednesday. Cormark analyst R. Gray forecasts that the basic materials company will earn $0.10 per share for the quarter. Cormark also issued estimates for Silver Standard Resources’ Q4 2017 earnings at $0.15 EPS, FY2017 earnings at $0.52 EPS, Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.19 EPS and FY2018 earnings at $0.42 EPS.
Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.05. Silver Standard Resources had a return on equity of 10.69% and a net margin of 20.37%. The business had revenue of $116.98 million for the quarter, compared to analysts’ expectations of $117.05 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year.
A number of other brokerages also recently weighed in on SSRM. Royal Bank Of Canada set a $13.00 price objective on shares of Silver Standard Resources and gave the company a “hold” rating in a research note on Monday, June 12th. Zacks Investment Research downgraded shares of Silver Standard Resources from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, ValuEngine downgraded shares of Silver Standard Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.00.
Shares of Silver Standard Resources (NASDAQ:SSRM) opened at 10.04 on Friday. Silver Standard Resources has a 12 month low of $7.70 and a 12 month high of $13.77. The firm has a market capitalization of $1.20 billion, a PE ratio of 11.41 and a beta of -0.12. The stock’s 50 day moving average price is $9.66 and its 200-day moving average price is $10.14.
About Silver Standard Resources
SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.
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