Silver Standard Resources Inc. (NASDAQ:SSRM) Plans C$0.03 Quarterly Dividend

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Friday, August 14th will be given a dividend of 0.03 per share by the basic materials company on Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, August 14th.

Silver Standard Resources has a dividend payout ratio of 6.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Silver Standard Resources to earn $4.16 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 3.4%.

Silver Standard Resources Trading Up 6.1%

SSRM stock traded up $1.61 during midday trading on Wednesday, hitting $28.19. The company had a trading volume of 921,209 shares, compared to its average volume of 3,663,879. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 5.55 and a beta of -0.09. The company has a current ratio of 5.33, a quick ratio of 4.57 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $28.23 and its 200 day moving average price is $28.71. Silver Standard Resources has a 52 week low of $13.66 and a 52 week high of $36.51.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Silver Standard Resources had a return on equity of 14.87% and a net margin of 12.17%.The firm had revenue of $443.80 million during the quarter, compared to the consensus estimate of $483.84 million. As a group, equities research analysts expect that Silver Standard Resources will post 3.92 earnings per share for the current fiscal year.

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.