Silver Standard Resources Inc. (SSRM) Stock Rating Lowered by Zacks Investment Research
Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
According to Zacks, “SSR Mining Inc. is a mining company. It focused on the operation, development, exploration and acquisition of precious metal projects. The company primarily explores for gold, silver, and mineral properties. It principally serves electronics, coin fabrication, dentistry, jewelry, other industrial, technology, pharmaceuticals and solar energy markets. SSR Mining Inc, formerly known as Silver Standard Resources Inc, is based in Vancouver, Canada. “
Several other analysts have also recently issued reports on the company. Royal Bank Of Canada set a $13.00 target price on Silver Standard Resources and gave the company a “hold” rating in a research report on Monday, May 8th. ValuEngine cut Silver Standard Resources from a “buy” rating to a “hold” rating in a research report 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 company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $13.00.
Silver Standard Resources (NASDAQ:SSRM) opened at 10.45 on Wednesday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 11.88 and a beta of -0.12. Silver Standard Resources has a 12 month low of $7.70 and a 12 month high of $13.77. The stock’s 50 day moving average price is $9.66 and its 200-day moving average price is $10.14.
Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last announced its earnings results on Wednesday, August 9th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. The business had revenue of $116.98 million for the quarter, compared to analysts’ expectations of $117.05 million. Silver Standard Resources had a return on equity of 10.69% and a net margin of 20.37%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. Equities analysts anticipate that Silver Standard Resources will post $0.42 EPS for the current fiscal year.
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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