What is Scotiabank’s Estimate for SSRM FY2027 Earnings?

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) – Research analysts at Scotiabank lifted their FY2027 earnings estimates for shares of Silver Standard Resources in a research report issued on Wednesday, February 11th. Scotiabank analyst O. Habib now anticipates that the basic materials company will earn $3.68 per share for the year, up from their previous estimate of $3.53. Scotiabank has a “Sector Outperform” rating on the stock. The consensus estimate for Silver Standard Resources’ current full-year earnings is $0.73 per share.

SSRM has been the topic of several other research reports. TD Cowen upgraded shares of Silver Standard Resources from a “hold” rating to a “buy” rating in a report on Thursday, January 22nd. Zacks Research downgraded shares of Silver Standard Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. TD Securities upgraded shares of Silver Standard Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Silver Standard Resources in a research note on Thursday, January 22nd. Finally, Wall Street Zen cut Silver Standard Resources from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 10th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.75.

Silver Standard Resources Stock Performance

Shares of SSRM stock opened at $25.93 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.41 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average price of $23.45 and a 200-day moving average price of $21.49. Silver Standard Resources has a 52 week low of $8.65 and a 52 week high of $28.81. The firm has a market capitalization of $5.26 billion, a PE ratio of 24.93 and a beta of -0.14.

Institutional Investors Weigh In On Silver Standard Resources

Institutional investors and hedge funds have recently modified their holdings of the stock. Strs Ohio purchased a new position in shares of Silver Standard Resources in the first quarter worth $50,000. AQR Capital Management LLC lifted its stake in Silver Standard Resources by 461.5% in the 1st quarter. AQR Capital Management LLC now owns 86,050 shares of the basic materials company’s stock worth $863,000 after purchasing an additional 70,726 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Silver Standard Resources by 96.6% during 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 purchasing an additional 201,525 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Silver Standard Resources by 27.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,482,100 shares of the basic materials company’s stock valued at $24,895,000 after purchasing an additional 529,035 shares in the last quarter. Institutional investors own 68.30% of the company’s stock.

About Silver Standard Resources

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.