Silver Standard Resources (NASDAQ:SSRM) Sets New 12-Month High on Analyst Upgrade

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO)’s stock price reached a new 52-week high during mid-day trading on Wednesday after BMO Capital Markets upgraded the stock from a market perform rating to an outperform rating. BMO Capital Markets now has a $41.00 price target on the stock. Silver Standard Resources traded as high as $33.37 and last traded at $33.37, with a volume of 172863 shares traded. The stock had previously closed at $28.93.

Several other brokerages have also issued reports on SSRM. UBS Group upped their price target on Silver Standard Resources from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Zacks Research cut Silver Standard Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. TD Securities raised shares of Silver Standard Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Silver Standard Resources in a research report on Thursday, January 22nd. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Silver Standard Resources from $28.50 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Silver Standard Resources presently has an average rating of “Moderate Buy” and a consensus price target of $31.25.

More 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.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in 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 period. Goldman Sachs Group Inc. increased its position 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 valued at $24,895,000 after buying an additional 529,035 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Silver Standard Resources by 96.6% in 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 valued at $4,113,000 after buying an additional 201,525 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Silver Standard Resources during the 1st quarter worth $50,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

Silver Standard Resources Trading Down 6.2%

The company has a quick ratio of 1.25, a current ratio of 2.08 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $6.33 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 0.55 and a beta of -0.18. The company has a fifty day simple moving average of $25.78 and a two-hundred day simple moving average of $23.14.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $521.73 million for the quarter, compared to analyst estimates of $436.23 million. On average, sell-side analysts expect that Silver Standard Resources Inc. will post 0.73 earnings per share for the current year.

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.