What is Scotiabank’s Forecast for SSRM FY2025 Earnings?

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) – Stock analysts at Scotiabank raised their FY2025 earnings estimates for shares of Silver Standard Resources in a research note issued on Friday, January 23rd. Scotiabank analyst O. Habib now expects that the basic materials company will earn $1.72 per share for the year, up from their prior estimate of $1.66. Scotiabank has a “Sector Outperform” rating on the stock. The consensus estimate for Silver Standard Resources’ current full-year earnings is $0.73 per share.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $390.16 million during the quarter, compared to analyst estimates of $444.80 million. Silver Standard Resources had a net margin of 15.36% and a return on equity of 6.46%.

Other equities research analysts also recently issued reports about the stock. Bank of America boosted their target price on shares of Silver Standard Resources from $12.75 to $18.00 and gave the company an “underperform” rating in a report on Thursday, October 16th. CIBC increased their price objective on shares of Silver Standard Resources from $28.50 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. BMO Capital Markets raised shares of Silver Standard Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 30th. TD Cowen raised shares of Silver Standard Resources from a “hold” rating to a “buy” rating in a research note on Thursday, January 22nd. Finally, UBS Group increased their price target on Silver Standard Resources from $31.50 to $34.50 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.60.

Silver Standard Resources Stock Performance

Silver Standard Resources stock opened at $27.92 on Monday. The company has a current ratio of 2.41, a quick ratio of 1.24 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $5.67 billion, a P/E ratio of 26.85 and a beta of -0.11. The stock has a fifty day moving average price of $22.61 and a 200 day moving average price of $20.55. Silver Standard Resources has a 52 week low of $7.55 and a 52 week high of $28.09.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Strs Ohio bought a new stake in Silver Standard Resources during the 1st quarter valued at approximately $50,000. AQR Capital Management LLC raised its stake in shares of Silver Standard Resources by 461.5% in the first 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 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 valued at $4,113,000 after purchasing an additional 201,525 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Silver Standard Resources by 27.1% during 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 buying an additional 529,035 shares in the last quarter. Institutional investors 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.