<div id="readability-page-1"><p><span>Silver Standard Resources (NASDAQ:SSRM - Get Free Report) <span>TSE: SSO<span></span></span></span> had its price objective lifted by equities research analysts at Bank of America  from $12.75 to $18.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an &#34;underperform&#34; rating on the basic materials company's stock. Bank of America's price objective points to a potential downside of 29.16% from the stock's previous close.</p><p>Several other equities analysts have also weighed in on SSRM. Wall Street Zen upgraded shares of Silver Standard Resources from a &#34;buy&#34; rating to a &#34;strong-buy&#34; rating in a report on Saturday, July 26th. CIBC boosted their target price on shares of Silver Standard Resources from $25.00 to $28.50 and gave the company a &#34;neutral&#34; rating in a report on Friday, October 10th. Zacks Research lowered shares of Silver Standard Resources from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Tuesday, September 9th. UBS Group lowered shares of Silver Standard Resources from a &#34;buy&#34; rating to a &#34;neutral&#34; rating and boosted their target price for the company from $18.95 to $22.95 in a report on Friday, September 19th. Finally, Weiss Ratings  reiterated a &#34;hold (c)&#34; rating on shares of Silver Standard Resources in a report on Wednesday, October 8th. One equities research analyst  has rated the stock with a Strong Buy rating, seven have given a Hold rating and one  has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of &#34;Hold&#34; and a consensus target price of $18.19.</p><p><b>Check Out Our Latest Research Report on Silver Standard Resources</b></p><h2>Silver Standard Resources Stock Up 7.7%</h2><p>SSRM stock opened at $25.41 on Thursday. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 32.58 and a beta of -0.09. The company has a current ratio of 2.39, a quick ratio of 1.20 and a debt-to-equity ratio of 0.03. Silver Standard Resources has a 12 month low of $5.06 and a 12 month high of $25.98. The firm has a 50-day moving average of $20.65 and a two-hundred day moving average of $14.75. </p><p>Silver Standard Resources (NASDAQ:SSRM - Get Free Report) <span>TSE: SSO<span></span></span> last posted its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.28. The company had revenue of $410.54 million for the quarter, compared to analyst estimates of $381.08 million. Silver Standard Resources had a net margin of 12.66% and a return on equity of 4.99%.  As a group, analysts forecast that  Silver Standard Resources will post 0.73 earnings per share for the current fiscal year. </p><h2>Hedge Funds Weigh In On Silver Standard Resources</h2><p>Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in  Silver Standard Resources by 25.4% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 113,709 shares of the basic materials company's stock valued at $1,140,000 after buying an additional 23,034 shares during the period.  Charles Schwab Investment Management Inc. boosted its position in  Silver Standard Resources by 2.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,409,521 shares of the basic materials company's stock valued at $14,128,000 after buying an additional 30,862 shares during the period.  Ieq Capital LLC acquired a new stake in shares of  Silver Standard Resources in the 1st quarter valued at $173,000.  Compound Planning Inc. acquired a new stake in shares of  Silver Standard Resources in the 1st quarter valued at $289,000.  Finally, TriaGen Wealth Management LLC acquired a new stake in shares of  Silver Standard Resources in the 1st quarter valued at $575,000. Hedge funds and other institutional investors own  68.30% of the company's stock. </p><h2>Silver Standard Resources Company Profile</h2> (Get Free Report)<p>SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Silver Standard Resources</li><li>Dividend King Proctor &amp; Gamble Is A Buy On Post-Earnings Weakness </li><li>Why Analysts Are Upgrading Ratings After Klarna's IPO</li><li>About the Markup Calculator</li><li>Palantir’s New Healthcare Deal Boosts AI and Data Reach </li><li>Retail Stocks Investing, Explained</li><li>GM's Billion-Dollar Bruise: GM's Strategic Pivot Makes It a Buy</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1NSTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1NSTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Silver Standard Resources Right Now?</h2><p>Before you consider Silver Standard Resources, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silver Standard Resources wasn't on the list.</p><p>While Silver Standard Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SSRM

<p>Bank of America has raised its price target for Silver Standard Resources (NASDAQ:SSRM) from $12.75 to $18.00, maintaining an "underperform" rating. This new target suggests a potential downside of 29.16% from the stock's previous close. Other analysts have varied opinions, with one upgrading to "strong-buy" and others adjusting their ratings. SSRM stock opened at $25.41, with a market cap of $5.15 billion and a 12-month high of $25.98. The company reported earnings of $0.51 per share, exceeding estimates, and has seen increased institutional investment.</p>

Bank of America Raises Silver Standard Resources (NASDAQ:SSRM) Price Target to $18.00