Silver Standard Resources (NASDAQ:SSRM) Releases Earnings Results, Beats Estimates By $0.29 EPS

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) released its quarterly earnings data on Tuesday. The basic materials company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.29, Zacks reports. Silver Standard Resources had a net margin of 15.36% and a return on equity of 6.46%. The company had revenue of $521.73 million during the quarter, compared to the consensus estimate of $436.23 million.

Here are the key takeaways from Silver Standard Resources’ conference call:

• SSR finished 2025 with strong liquidity—$535 million cash and over $1 billion total liquidity—and generated $252 million of free cash flow for the year ($106 million in Q4), supporting a board-approved share buyback program of up to $300 million.
• The Hod Maden TRS positions the project as a high-quality development asset with a $1.7 billion NPV and 39% IRR at consensus prices, expected to average ~$328 million annual free cash flow (rising to ~$500 million at $4,900/oz gold); SSR expects to fund a remaining ~$470 million investment largely from liquidity and operating cash flow.
• Operating outperformance at key assets: CC&V exceeded guidance and delivered >$200 million of mine-site free cash flow in 2025, while Puna beat guidance for a third straight year (record tons processed) and generated >$250 million of mine-site free cash flow.
• 2026 consolidated guidance calls for 450,000–535,000 gold equivalent ounces and AISC of $2,360–$2,440/oz (or $2,180–$2,260/oz excluding Çöpler), with total growth spend of ~$150 million and up to ~$15 million/month allocated to Hod Maden pre‑construction activities.
• Near-term cost and timing risks include ongoing cash drain from Çöpler care-and-maintenance ($20–$25 million per quarter), higher sustaining CapEx at Marigold ( ~$108 million in 2026) and short‑term AISC pressure from higher royalties and share‑based compensation that pushed 2025 AISC to the top of guidance.

Silver Standard Resources Trading Down 7.8%

Silver Standard Resources stock opened at $25.91 on Wednesday. The stock has a 50-day simple moving average of $23.82 and a 200 day simple moving average of $21.95. The stock has a market capitalization of $5.26 billion, a P/E ratio of 24.91 and a beta of -0.14. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.24 and a current ratio of 2.41. Silver Standard Resources has a 52 week low of $8.65 and a 52 week high of $28.81.

Analysts Set New Price Targets

Several research firms have issued reports on SSRM. TD Securities upgraded Silver Standard Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of Silver Standard Resources from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 10th. UBS Group lifted their price objective on Silver Standard Resources from $31.50 to $34.50 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Canadian Imperial Bank of Commerce upped their target price on shares of Silver Standard Resources from $28.50 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Finally, Zacks Research lowered Silver Standard Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Silver Standard Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.75.

Institutional Investors Weigh In On Silver Standard Resources

A number of large investors have recently added to or reduced their stakes in SSRM. Goldman Sachs Group Inc. increased its holdings in shares of Silver Standard Resources by 27.1% in 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 during 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 worth $4,113,000 after buying an additional 201,525 shares during the period. AQR Capital Management LLC grew 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 valued at $863,000 after buying an additional 70,726 shares during the last quarter. Finally, Strs Ohio bought a new position in Silver Standard Resources in the 1st quarter valued at about $50,000. 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.