KeyCorp restated their overweight rating on shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) in a research note released on Wednesday. The firm currently has a $40.00 target price on the mining company’s stock.

Several other research analysts also recently commented on SLCA. Jefferies Group LLC reaffirmed a buy rating and issued a $65.00 price target on shares of U.S. Silica Holdings in a research report on Thursday, July 6th. Royal Bank Of Canada set a $60.00 price target on U.S. Silica Holdings and gave the stock a buy rating in a research report on Saturday, July 1st. Janney Montgomery Scott assumed coverage on U.S. Silica Holdings in a research report on Thursday, June 15th. They issued a buy rating and a $51.00 price target on the stock. Scotiabank set a $63.00 price target on U.S. Silica Holdings and gave the stock a buy rating in a research report on Tuesday, June 13th. Finally, Citigroup Inc. dropped their price target on U.S. Silica Holdings from $58.00 to $52.00 and set a buy rating on the stock in a research report on Friday, June 9th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $49.92.

U.S. Silica Holdings (NYSE:SLCA) traded up 3.18% during trading on Wednesday, hitting $32.15. The stock had a trading volume of 1,589,466 shares. The firm has a market cap of $2.61 billion, a PE ratio of 183.71 and a beta of 2.32. U.S. Silica Holdings has a 52 week low of $24.26 and a 52 week high of $61.49. The company’s 50-day moving average is $28.57 and its 200 day moving average is $34.96.

U.S. Silica Holdings (NYSE:SLCA) last issued its quarterly earnings data on Monday, July 31st. The mining company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The business had revenue of $290.50 million for the quarter, compared to the consensus estimate of $316.43 million. During the same period last year, the business earned ($0.17) EPS. The firm’s revenue was up 148.3% compared to the same quarter last year. Equities analysts expect that U.S. Silica Holdings will post $1.54 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th were issued a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, September 14th. This is a positive change from U.S. Silica Holdings’s previous quarterly dividend of $0.06. U.S. Silica Holdings’s dividend payout ratio (DPR) is presently 192.31%.

Several large investors have recently made changes to their positions in the company. Sentry Investment Management LLC acquired a new stake in shares of U.S. Silica Holdings during the 2nd quarter worth approximately $221,000. Ashburton Jersey Ltd boosted its stake in U.S. Silica Holdings by 54.9% in the 2nd quarter. Ashburton Jersey Ltd now owns 49,482 shares of the mining company’s stock valued at $1,756,000 after buying an additional 17,530 shares in the last quarter. Gofen & Glossberg LLC IL acquired a new stake in U.S. Silica Holdings in the 2nd quarter valued at $355,000. Piedmont Investment Advisors LLC boosted its stake in U.S. Silica Holdings by 261.5% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 15,774 shares of the mining company’s stock valued at $560,000 after buying an additional 11,411 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in U.S. Silica Holdings by 13.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,172 shares of the mining company’s stock valued at $255,000 after buying an additional 843 shares in the last quarter.

About U.S. Silica Holdings

U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.

Analyst Recommendations for U.S. Silica Holdings (NYSE:SLCA)

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