Silver Standard Resources Inc. (NASDAQ:SSRM) Stock Has Average Price Target of $42.40 According to Brokerages

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $42.80.

A number of equities analysts have recently commented on SSRM shares. Wall Street Zen lowered shares of Silver Standard Resources from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. UBS Group decreased their target price on shares of Silver Standard Resources from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Bank of America lowered their target price on shares of Silver Standard Resources from $41.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Weiss Ratings raised shares of Silver Standard Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Finally, Royal Bank Of Canada boosted their price target on shares of Silver Standard Resources from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th.

Silver Standard Resources Stock Performance

NASDAQ:SSRM opened at $34.28 on Wednesday. The business’s fifty day moving average is $34.30 and its 200 day moving average is $31.15. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 7.08 and a beta of -0.10. Silver Standard Resources has a 52-week low of $18.19 and a 52-week high of $39.44.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). Silver Standard Resources had a return on equity of 16.17% and a net margin of 12.30%.The company had revenue of $443.80 million during the quarter, compared to the consensus estimate of $483.84 million. Equities analysts predict that Silver Standard Resources will post 3.87 EPS for the current fiscal year.

Silver Standard Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 14th were paid a dividend of C$0.03 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.12 annualized dividend and a yield of 0.4%. Silver Standard Resources’s dividend payout ratio (DPR) is currently 10.91%.

Silver Standard Resources Company Profile

Silver Standard Resources Inc was a precious-metals mining company focused on the acquisition, development and operation of silver and gold properties. The company produced silver and gold concentrates and worked to advance exploration and development projects in the Americas and other mining jurisdictions.

In 2017, Silver Standard Resources merged with Claude Resources Inc and changed its name to SSR Mining Inc The combined company expanded its portfolio to include the Seabee gold operation in Saskatchewan, Canada, and the Marigold gold mine in Nevada, while continuing to develop and operate precious-metals assets in Latin America.