Silver Standard Resources Inc. (SSRM) Announces Quarterly Earnings Results
Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05, Briefing.com reports. The company had revenue of $116.98 million during the quarter, compared to analyst estimates of $117.05 million. Silver Standard Resources had a net margin of 15.31% and a return on equity of 12.15%. Silver Standard Resources’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 earnings per share.
Silver Standard Resources (NASDAQ SSRM) traded up 7.65% on Thursday, reaching $9.85. 364,589 shares of the company’s stock traded hands. Silver Standard Resources has a 52 week low of $7.70 and a 52 week high of $15.84. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.89 and a beta of -0.12. The firm has a 50-day moving average price of $9.54 and a 200-day moving average price of $10.18.
Several research analysts have commented on SSRM shares. Scotiabank reaffirmed a “sector perform” rating and set a $15.00 price objective on shares of Silver Standard Resources in a research note on Thursday, April 13th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Silver Standard Resources in a research note on Tuesday, April 18th. Royal Bank Of Canada set a $13.00 price objective on shares of Silver Standard Resources and gave the stock a “hold” rating in a research note on Monday, May 8th. ValuEngine lowered shares of Silver Standard Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, Zacks Investment Research lowered shares of Silver Standard Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. One 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. The company presently has an average rating of “Hold” and an average target price of $13.40.
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Silver Standard Resources Company Profile
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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