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Experts Commenting on This Company
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Silver Standard Resources Inc.TICKER: SSO:TSX; SSRI:NASDAQSilver Standard Resources Inc., a Vancouver-based precious metals mining company, operates one of the world's largest primary silver mines (Pirquitas, Argentina) and has 12 development projects including Pitarrilla (Mexico) and San Luis (Peru). The Pirquitas mine produced 8.6 Moz silver in 2012, exceeding production guidance. Silver Standard has an active exploration program and plans to invest at least $15M in exploration during 2013. With a diversified portfolio ranging from grassroots to production projects, a strong balance sheet and an experienced management team, Silver Standard is well positioned to deliver growth. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Comments:
Andrew Kaip, BMO Capital Markets (5/9/13) "Silver Standard Resources Inc.'s Q1/13 earnings came in slightly above BMO Research's expectations and the company continues to optimize operations at Pirquitas in order to control costs. . .BMO Research forecasts 2013E saleable Ag eq production of 8.9 Moz at an average co-product cash cost of US$17.04/oz silver."
Ash Guglani, Salman Partners (5/9/13) "Adjusting for one-time items, we calculate adjusted Silver Standard Resources Inc.'s Q1/13 earnings per share (EPS) of $0.03, coming in ahead of the Street consensus estimate of break-even earnings and our EPS estimate of a $0.01 loss. The beat relative to our estimate was attributed to slightly better sales volume and better-than-expected total cash costs. . .our last target price was CA$21/share and a Buy recommendation."
Ash Guglani, Salman Partners (5/7/13) "Silver Standard Resources Inc. has a large portfolio of projects, ranging from sizeable, early-stage exploration properties to a near-construction, multi-decade mine at Pitarrilla, and it continues to possess a healthy balance sheet (with $588.2M in working capital, including $461.8M in cash), allowing it to weather near-term volatility. With a large degree of upside to our target price, we believe the company remains undervalued at current levels and reiterate our Buy recommendation."
Andrew Kaip, BMO Capital Markets (4/12/13) "Silver Standard Resources Inc. reported Q1/13 production from its Pirquitas mine, located in northern Argentina, of 2 Moz silver. . .plant throughput averaged 4.4 Ktpd, ~10% above the nominal design rate. . .we expect higher silver sales to improve the Q1/13 EPS outlook."
Barry Cooper, CIBC World Markets (3/13/13) "Silver Standard Resources Inc. offers investors superior correlation to silver prices, better valuation, more leverage to silver movements and a strong growth profile with Pitarrilla. Collectively, these attributes are some of the most sought-after criteria for investment in an equity that offers exposure to a commodity."
Silver Standard Resources Inc. Content
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BullMarketThinking.com's Tekoa Da Silva with CEO John Smith