Silver Standard Resources (NASDAQ:SSRM) Announces Earnings Results

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) posted its quarterly earnings data on Tuesday. The basic materials company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01, Zacks reports. Silver Standard Resources had a return on equity of 17.81% and a net margin of 12.64%. The business had revenue of $447.65 million for the quarter, compared to analyst estimates of $454.47 million.

Here are the key takeaways from Silver Standard Resources’ conference call:

• Full-year all-in sustaining costs are now expected to be about 10% above the top end of guidance, driven by Puna mine-plan changes, higher royalties, diesel, labor and consumable costs. Expiring diesel hedges could add another $100–$150 per ounce to consolidated AISC at current prices.
• Production remains on track for full-year guidance, with a particularly strong fourth quarter expected at Marigold. Higher solution-flow capacity, existing leach-pad inventory and planned inventory drawdown are expected to support Marigold’s Q4 output.
• The updated Marigold mine plan increased total production by more than 50% and extended reserve life to 20 years, with average annual production above 200,000 ounces through 2040. The planned Buffalo Valley development is expected to begin in 2027, with first production targeted for 2029.
• SSR Mining reported a strong liquidity position with approximately $1.6 billion in cash, no debt and $2.2 billion of total liquidity, while returning more than $530 million through share repurchases and dividends during the first nine months. The company expects to close its Roxmore Resources acquisition by year-end, adding the adjacent Converse project to its U.S. growth platform.
• Third-quarter revenue was $448 million, adjusted EPS was $0.64 and free cash flow before working-capital changes was approximately $111 million. Results included a $43.5 million after-tax, non-cash reclamation charge related to Puna water management and tailings storage, which was excluded from adjusted earnings.

Silver Standard Resources Stock Performance

Shares of SSRM stock opened at $27.72 on Thursday. The stock has a 50 day moving average price of $33.69 and a two-hundred day moving average price of $30.33. Silver Standard Resources has a fifty-two week low of $19.56 and a fifty-two week high of $39.44. The company has a market capitalization of $5.59 billion, a P/E ratio of 23.63, a PEG ratio of 5.52 and a beta of -0.09.

Silver Standard Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 13th will be given a $0.03 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.12 annualized dividend and a yield of 0.4%. Silver Standard Resources’s payout ratio is presently 10.91%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SSRM. Royal Bank Of Canada increased their price objective on Silver Standard Resources from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Weiss Ratings lowered shares of Silver Standard Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Wall Street Zen lowered shares of Silver Standard Resources from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. UBS Group lowered their price objective on shares of Silver Standard Resources from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Bank of America reduced their price target on shares of Silver Standard Resources from $41.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Silver Standard Resources presently has a consensus rating of “Moderate Buy” and an average target price of $42.20.

Silver Standard Resources Company Profile

Silver Standard Resources, now known as SSR Mining Inc (NASDAQ: SSRM), is a precious metals mining company focused primarily on the exploration, development and production of gold and silver. The company’s operations have included open-pit and underground mines, processing facilities and exploration properties in the Americas and Türkiye.

SSR Mining has historically operated the Marigold gold mine in Nevada, the Seabee gold operation in Saskatchewan, Canada, and the Puna silver-lead-zinc complex in Jujuy, Argentina.