Silver Standard Resources Inc. (NASDAQ:SSRM) Stock Has Average Price Target of $42.40

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $42.40.

Several research analysts recently commented on SSRM shares. Weiss Ratings upgraded shares of Silver Standard Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Wall Street Zen lowered shares of Silver Standard Resources from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Royal Bank Of Canada boosted their price target on shares of Silver Standard Resources from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. UBS Group reduced their price objective on shares of Silver Standard Resources from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Bank of America decreased their price objective on Silver Standard Resources from $41.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, July 9th.

Silver Standard Resources Stock Performance

NASDAQ SSRM opened at $33.27 on Wednesday. Silver Standard Resources has a 52 week low of $18.19 and a 52 week high of $39.44. The stock’s 50 day moving average price is $33.97 and its two-hundred day moving average price is $31.03. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 6.97 and a beta of -0.10.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). Silver Standard Resources had a return on equity of 16.17% and a net margin of 12.30%.The business had revenue of $443.80 million for the quarter, compared to the consensus estimate of $483.84 million. On average, equities research analysts forecast that Silver Standard Resources will post 3.87 EPS for the current year.

Silver Standard Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 14th were given a dividend of C$0.03 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.12 annualized dividend and a yield of 0.4%. Silver Standard Resources’s dividend payout ratio is 10.91%.

Silver Standard Resources Company Profile

Silver Standard Resources Inc was a precious-metals mining company focused on the acquisition, development and operation of silver and gold properties. The company produced silver and gold concentrates and worked to advance exploration and development projects in the Americas and other mining jurisdictions.

In 2017, Silver Standard Resources merged with Claude Resources Inc and changed its name to SSR Mining Inc The combined company expanded its portfolio to include the Seabee gold operation in Saskatchewan, Canada, and the Marigold gold mine in Nevada, while continuing to develop and operate precious-metals assets in Latin America.