Scotiabank Brokers Decrease Earnings Estimates for SSRM

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) – Equities researchers at Scotiabank lowered their FY2026 earnings per share estimates for Silver Standard Resources in a research report issued on Wednesday, August 19th. Scotiabank analyst O. Habib now anticipates that the basic materials company will earn $3.80 per share for the year, down from their previous forecast of $3.90. The consensus estimate for Silver Standard Resources’ current full-year earnings is $3.87 per share. Scotiabank also issued estimates for Silver Standard Resources’ FY2027 earnings at $3.48 EPS.

SSRM has been the topic of several other reports. UBS Group decreased their price objective on shares of Silver Standard Resources from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Bank of America cut their target price on shares of Silver Standard Resources from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Wall Street Zen downgraded Silver Standard Resources from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Royal Bank Of Canada decreased their price target on Silver Standard Resources from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Finally, Weiss Ratings raised Silver Standard Resources from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Silver Standard Resources presently has an average rating of “Moderate Buy” and an average target price of $41.60.

Silver Standard Resources Stock Up 1.6%

Shares of Silver Standard Resources stock opened at $39.21 on Monday. Silver Standard Resources has a 12-month low of $17.58 and a 12-month high of $39.43. The stock has a market capitalization of $8.09 billion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 8.06 and a beta of -0.10. The company has a 50-day simple moving average of $29.72 and a 200 day simple moving average of $29.62.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). Silver Standard Resources had a net margin of 12.30% and a return on equity of 16.17%. The firm had revenue of $443.80 million during the quarter, compared to analyst estimates of $483.84 million.

Silver Standard Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Silver Standard Resources’s dividend payout ratio is currently 10.91%.

Institutional Investors Weigh In On Silver Standard Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in shares of Silver Standard Resources during the first quarter worth approximately $50,000. AQR Capital Management LLC raised its position in Silver Standard Resources by 461.5% in the 1st 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in 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 worth $4,113,000 after purchasing an additional 201,525 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in 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 purchasing an additional 529,035 shares during the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

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.