What is Scotiabank’s Estimate for SSRM FY2027 Earnings?

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) – Equities research analysts at Scotiabank lowered their FY2027 EPS estimates for Silver Standard Resources in a research report issued to clients and investors on Wednesday, July 15th. Scotiabank analyst O. Habib now expects that the basic materials company will earn $3.46 per share for the year, down from their previous estimate of $3.50. The consensus estimate for Silver Standard Resources’ current full-year earnings is $3.92 per share.

Several other brokerages also recently weighed in on SSRM. Zacks Research downgraded Silver Standard Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 29th. Weiss Ratings cut Silver Standard Resources from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 15th. Wall Street Zen downgraded Silver Standard Resources from a “strong-buy” rating to a “buy” rating in a report on Saturday. UBS Group lowered 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 report on Tuesday, June 30th. Finally, Bank of America dropped their price objective on shares of Silver Standard Resources from $41.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.60.

Silver Standard Resources Stock Down 2.0%

SSRM opened at $25.05 on Monday. The business has a 50 day moving average price of $29.35 and a two-hundred day moving average price of $28.39. The company has a quick ratio of 4.57, a current ratio of 5.33 and a debt-to-equity ratio of 0.01. The company has a market cap of $5.17 billion, a PE ratio of 23.86, a P/E/G ratio of 2.25 and a beta of -0.10. Silver Standard Resources has a 52 week low of $11.86 and a 52 week high of $36.51.

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

Hedge Funds Weigh In On Silver Standard Resources

A number of large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its stake 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 acquiring an additional 529,035 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Silver Standard Resources by 96.6% during 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 in the last quarter. AQR Capital Management LLC boosted its position in 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 worth $863,000 after purchasing an additional 70,726 shares during the period. Finally, Strs Ohio purchased a new stake in Silver Standard Resources during the 1st quarter worth $50,000. 68.30% of the stock is owned by hedge funds and other institutional investors.

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.