Silver Standard Resources (NASDAQ:SSRM) Rating Increased to Outperform at BMO Capital Markets

BMO Capital Markets upgraded shares of Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) from a market perform rating to an outperform rating in a research note released on Thursday morning, Marketbeat.com reports. The brokerage currently has $41.00 price objective on the basic materials company’s stock.

SSRM has been the subject of several other research reports. National Bank Financial upgraded shares of Silver Standard Resources from a “sector perform” rating to an “outperform” rating in a research note on Wednesday. TD Securities upgraded shares of Silver Standard Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce lifted their price target 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. Wall Street Zen raised shares of Silver Standard Resources from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Finally, Bank of America upgraded Silver Standard Resources from an “underperform” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.25.

Silver Standard Resources Stock Performance

SSRM stock opened at $31.19 on Thursday. The firm has a market cap of $6.33 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.55 and a beta of -0.18. The company has a current ratio of 2.08, a quick ratio of 1.25 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $25.78 and a 200-day moving average price of $23.14. Silver Standard Resources has a 1-year low of $8.65 and a 1-year high of $33.49.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last released its earnings results on Tuesday, February 17th. The basic materials company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.59 by $0.29. Silver Standard Resources had a return on equity of 10.40% and a net margin of 24.28%.The business had revenue of $521.73 million during the quarter, compared to analysts’ expectations of $436.23 million. As a group, equities research analysts expect that Silver Standard Resources will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its holdings in shares of Silver Standard Resources by 27.1% in 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 acquiring an additional 529,035 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in 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 in the last quarter. AQR Capital Management LLC raised its stake in shares of Silver Standard Resources by 461.5% in the first 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 last quarter. Finally, Strs Ohio purchased a new stake in shares of Silver Standard Resources in the first quarter worth approximately $50,000. 68.30% of the stock is currently owned by institutional investors and hedge funds.

Key Silver Standard Resources News

Here are the key news stories impacting Silver Standard Resources this week:

• Positive Sentiment: Announced binding agreement to sell its 80% stake in the Çöpler mine for $1.5 billion in cash — proceeds payable at closing and materially strengthens the balance sheet. Business Wire: Çöpler sale
• Positive Sentiment: Sale frees up pro‑forma cash (reported at roughly $1.6–$1.8B) and management signals capital-return optionality; company also reported record FY25 revenue and net income, highlighting stronger core operations absent Çöpler. Seeking Alpha: Çöpler exit analysis
• Positive Sentiment: Multiple analyst upgrades lifted sentiment — BMO upgraded to outperform with a $41 target, Bank of America moved to buy, and National Bank Financial upgraded to outperform, giving upside to consensus forecasts and supporting re-rating potential. Finviz: analyst notes
• Neutral Sentiment: Market responded with a sharp intraday rally (reports of a ~15% move higher on heavy volume after the sale/raise) — shows strong appetite but also increased short‑term volatility. InsiderMonkey: stock jump
• Negative Sentiment: After the rally, shares retreated on heavy volume — likely profit‑taking and short‑term repositioning by traders who bought the pre‑news dip. This explains today’s downward pressure despite the strategic positives.
• Negative Sentiment: Transaction closing risk and execution questions remain (timing, regulatory/closing conditions, and how management will allocate proceeds between buybacks, dividends or M&A), which can keep a portion of investors cautious until cash is deployed.

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.