Scotiabank Has Strong Forecast for SSRM FY2027 Earnings

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) – Stock analysts at Scotiabank lifted their FY2027 earnings per share estimates for shares of Silver Standard Resources in a research note issued on Thursday, May 14th. Scotiabank analyst O. Habib now forecasts that the basic materials company will earn $3.55 per share for the year, up from their prior estimate of $3.52. The consensus estimate for Silver Standard Resources’ current full-year earnings is $4.08 per share.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.34. Silver Standard Resources had a net margin of 12.17% and a return on equity of 14.87%. The firm had revenue of $581.78 million during the quarter, compared to analysts’ expectations of $524.80 million.

Several other analysts also recently commented on SSRM. Wall Street Zen raised shares of Silver Standard Resources from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. TD Securities upgraded shares of Silver Standard Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. BMO Capital Markets upgraded Silver Standard Resources from a “market perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a report on Thursday, March 5th. Weiss Ratings downgraded Silver Standard Resources from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, TD Cowen raised Silver Standard Resources from a “hold” rating to a “buy” rating in a report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $37.75.

Silver Standard Resources Price Performance

Shares of SSRM opened at $34.25 on Friday. The firm has a market capitalization of $7.42 billion, a PE ratio of 32.62, a PEG ratio of 0.47 and a beta of -0.17. The company’s 50-day moving average is $30.24 and its 200-day moving average is $26.01. Silver Standard Resources has a fifty-two week low of $10.47 and a fifty-two week high of $36.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.33 and a quick ratio of 4.57.

Institutional Trading of Silver Standard Resources

A number of institutional investors have recently bought and sold shares of SSRM. Strs Ohio bought a new position in shares of Silver Standard Resources during the first quarter worth approximately $50,000. AQR Capital Management LLC increased its stake in 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 worth $863,000 after acquiring an additional 70,726 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Silver Standard Resources by 96.6% in the 1st 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 valued at $4,113,000 after acquiring an additional 201,525 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Silver Standard Resources by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,482,100 shares of the basic materials company’s stock valued at $24,895,000 after acquiring an additional 529,035 shares during the period. Institutional investors own 68.30% of the company’s stock.

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.