Scotiabank Has Bearish Forecast for SSRM FY2027 Earnings

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) – Investment analysts at Scotiabank reduced their FY2027 earnings estimates for shares of Silver Standard Resources in a note issued to investors on Friday, May 29th. Scotiabank analyst O. Habib now expects that the basic materials company will post earnings per share of $3.42 for the year, down from their previous forecast of $3.55. The consensus estimate for Silver Standard Resources’ current full-year earnings is $4.38 per share.

Several other equities analysts have also recently weighed in on the stock. BMO Capital Markets raised shares of Silver Standard Resources from a “market perform” rating to an “outperform” rating and set a $41.00 target price for the company in a research note on Thursday, March 5th. Canadian Imperial Bank of Commerce raised shares of Silver Standard Resources from a “neutral” rating to a “sector outperform” rating and set a $48.00 target price for the company in a research note on Thursday, March 12th. UBS Group raised their target price on shares of Silver Standard Resources from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Silver Standard Resources from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Zacks Research cut shares of Silver Standard Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.75.

Silver Standard Resources Stock Performance

SSRM opened at $29.82 on Tuesday. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 0.40 and a beta of -0.14. The company has a fifty day moving average of $30.50 and a 200 day moving average of $26.76. Silver Standard Resources has a fifty-two week low of $11.67 and a fifty-two week high of $36.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.57 and a current ratio of 5.33.

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

Hedge Funds Weigh In On Silver Standard Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio purchased a new position in shares of Silver Standard Resources during the 1st quarter worth about $50,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake 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 worth $4,113,000 after purchasing an additional 201,525 shares during the period. Goldman Sachs Group Inc. boosted its stake 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 worth $24,895,000 after purchasing an additional 529,035 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of 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 purchasing an additional 70,726 shares during the period. 68.30% of the stock is owned by hedge funds and other institutional investors.

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.