Silver Standard Resources Shares Climb Above 200-Day Average

Silver Standard Resources stock rose to $34.81, surpassing its 200-day moving average, following a quarter where revenue missed market expectations.
Silver Standard Resources Inc. (NASDAQ:SSRM) saw its share price exceed the 200-day moving average of $30.59 on Monday, closing at $34.81. The stock traded as high as $35.31 during the session, with volume reaching 2,581,454 shares. This technical breakout occurred against a backdrop of mixed fundamental results, as the company recently reported financial figures that diverged from analyst consensus.
The move reflects a valuation shift for the precious-metals miner, which has a market capitalization of $7.10 billion. According to data reported by GN stocks/nasdaq, the company’s price-to-earnings ratio stands at 31.65, while its beta of -0.04 suggests low correlation with broader market movements. The stock’s 50-day moving average is currently $31.79, indicating a recent upward momentum that has now pushed the price above the longer-term trend line.
Quarterly earnings missed revenue targets
Silver Standard reported second-quarter results on August 4, with earnings per share of $0.66, missing the consensus estimate of $0.67 by one cent. Revenue came in at $443.80 million, falling short of the projected $483.84 million. Despite the top-line miss, the company maintained a net margin of 12.30% and a return on equity of 16.17%. Analysts currently project full-year earnings per share of $3.87 for the current fiscal year.
Analysts maintain moderate buy consensus
Recent research notes show a cautious stance among Wall Street analysts. Bank of America lowered its price target from $41.00 to $40.00 while maintaining a Buy rating in July. UBS Group similarly reduced its objective from $43.00 to $40.00 in late June. However, Weiss Ratings upgraded its rating from Hold (c-) to Hold (c) in early August. The aggregate consensus remains a Moderate Buy, with an average target price of $41.60 across twelve analyst ratings.
Dividend payout remains modest
The company declared a quarterly dividend of $0.03 per share, paid on September 11 to holders of record on August 14. This translates to an annualized yield of $0.12, representing a 0.3% yield based on the current stock price. The dividend payout ratio is 10.91%, indicating that the company retains the majority of its earnings for operational purposes. Silver Standard continues to focus on its Puna Operations in Argentina and its gold assets in Nevada and Saskatchewan.






