U.S. Silica Holdings, Inc. (NYSE:SLCA) received a $40.00 price target from analysts at Jefferies Group LLC in a report released on Monday. The brokerage currently has a “buy” rating on the mining company’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 50.72% from the stock’s previous close.

SLCA has been the subject of several other research reports. Evercore ISI began coverage on U.S. Silica Holdings in a research report on Thursday, May 25th. They issued an “outperform” rating and a $48.00 target price for the company. BidaskClub raised U.S. Silica Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada set a $60.00 target price on U.S. Silica Holdings and gave the stock a “buy” rating in a research report on Saturday, July 1st. Morgan Stanley decreased their target price on U.S. Silica Holdings from $76.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, June 21st. Finally, Cowen and Company decreased their target price on U.S. Silica Holdings from $60.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, two have given a hold rating and eighteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $52.18.

U.S. Silica Holdings (NYSE:SLCA) opened at 26.54 on Monday. The company has a 50 day moving average price of $28.29 and a 200 day moving average price of $39.59. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 151.66 and a beta of 2.33. U.S. Silica Holdings has a 12 month low of $24.26 and a 12 month high of $61.49.

U.S. Silica Holdings (NYSE:SLCA) last announced its earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The firm had revenue of $290.50 million during the quarter, compared to analyst estimates of $316.43 million. During the same quarter in the prior year, the company earned ($0.17) EPS. The business’s revenue was up 148.3% compared to the same quarter last year. Analysts anticipate that U.S. Silica Holdings will post $1.59 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of SLCA. Creative Planning increased its stake in shares of U.S. Silica Holdings by 4.9% in the first quarter. Creative Planning now owns 3,332 shares of the mining company’s stock valued at $160,000 after buying an additional 156 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of U.S. Silica Holdings by 4.0% in the first quarter. State of Alaska Department of Revenue now owns 8,090 shares of the mining company’s stock valued at $388,000 after buying an additional 310 shares in the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of U.S. Silica Holdings by 11.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,794 shares of the mining company’s stock valued at $230,000 after buying an additional 476 shares in the last quarter. Strs Ohio increased its stake in shares of U.S. Silica Holdings by 21.5% in the first quarter. Strs Ohio now owns 360,100 shares of the mining company’s stock valued at $17,281,000 after buying an additional 63,800 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its stake in shares of U.S. Silica Holdings by 2,368.0% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 165,359 shares of the mining company’s stock valued at $7,936,000 after buying an additional 158,659 shares in the last quarter.

About U.S. Silica Holdings

U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.

Analyst Recommendations for U.S. Silica Holdings (NYSE:SLCA)

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