Silver Standard Resources Inc. (SSRM) To Go Ex-Dividend on August 14th

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, August 14th will be given a dividend of 0.03 per share by the basic materials company on Friday, September 11th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, August 14th.

Silver Standard Resources has a dividend payout ratio of 6.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Silver Standard Resources to earn $4.16 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 3.4%.

Silver Standard Resources Price Performance

SSRM stock opened at $29.00 on Thursday. Silver Standard Resources has a 52 week low of $13.66 and a 52 week high of $36.51. 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 fifty day simple moving average of $28.21 and a two-hundred day simple moving average of $28.75. The firm has a market capitalization of $5.99 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 5.47 and a beta of -0.09.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Silver Standard Resources had a return on equity of 15.32% and a net margin of 12.30%.The business had revenue of $443.80 million during the quarter, compared to analysts’ expectations of $483.84 million. Analysts anticipate that Silver Standard Resources will post 3.92 earnings per share for the current fiscal year.

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.