Scotiabank Analysts Increase Earnings Estimates for SSRM

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) – Stock analysts at Scotiabank boosted their FY2026 earnings per share estimates for shares of Silver Standard Resources in a research note issued to investors on Tuesday, July 7th. Scotiabank analyst O. Habib now forecasts that the basic materials company will post earnings per share of $3.56 for the year, up from their prior forecast of $3.49. The consensus estimate for Silver Standard Resources’ current full-year earnings is $4.49 per share.

Several other brokerages have also recently commented on SSRM. UBS Group dropped their target price on shares of Silver Standard Resources from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Wall Street Zen raised shares of Silver Standard Resources from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Canadian Imperial Bank of Commerce upgraded shares of Silver Standard Resources from a “neutral” rating to a “sector outperform” rating and set a $48.00 price objective for the company in a research report on Thursday, March 12th. Royal Bank Of Canada upgraded Silver Standard Resources from a “sector perform” rating to an “outperform” rating and cut their target price for the stock from $45.00 to $40.00 in a research note on Wednesday, June 3rd. Finally, Zacks Research downgraded Silver Standard Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Silver Standard Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.40.

Silver Standard Resources Trading Down 2.4%

SSRM opened at $29.91 on Wednesday. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 0.38 and a beta of -0.10. The company has a quick ratio of 4.57, a current ratio of 5.33 and a debt-to-equity ratio of 0.01. Silver Standard Resources has a twelve month low of $11.70 and a twelve month high of $36.51. The company has a 50-day simple moving average of $30.03 and a 200 day simple moving average of $28.10.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last released its earnings results on Tuesday, May 5th. The basic materials company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.34. Silver Standard Resources had a return on equity of 14.87% and a net margin of 12.17%.The firm had revenue of $418.46 million during the quarter, compared to the consensus estimate of $524.79 million.

Institutional Trading of Silver Standard Resources

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in shares of Silver Standard Resources by 27.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,482,100 shares of the basic materials company’s stock worth $24,895,000 after buying an additional 529,035 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 acquiring an additional 201,525 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Silver Standard Resources by 461.5% during the 1st quarter. AQR Capital Management LLC now owns 86,050 shares of the basic materials company’s stock valued at $863,000 after acquiring an additional 70,726 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Silver Standard Resources during the 1st quarter valued at $50,000. Institutional investors and hedge funds 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.