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Silver Standard Resources Inc
I am not a stock trading expert, but I can provide some general information about Silver Standard Resources Inc. (SSRI) as of the time of this response. Please be aware that the information may change over time, and I recommend checking the latest financial data and consulting with a financial advisor for investment advice.
Symbol: SSRI (traded on the NASDAQ)
Company Name: Silver Standard Resources Inc.
Sector: Basic Materials
Industry: Silver Mining
Brief Overview:
Silver Standard Resources Inc. (also known as SSR Mining Inc.) is a Canadian-based company primarily focused on the operation, exploration, development, and acquisition of precious metal properties. Its main assets include the Marigold gold mine in Nevada, the Seabee Gold Operation in Canada, and the Pirquitas silver mine in Argentina, among others.
Revenue:
The company's revenue can be affected by various factors, including metal prices, production levels, and exchange rates. In 2020, SSR Mining reported total revenue of $812.1 million, a decrease from $1,037.3 million in 2019. This decline was primarily due to lower metal prices and a decrease in production.
Earnings (Net Income):
SSR Mining's net income in 2020 was $60.4 million, a decrease from $163.7 million in 2019. This decrease was primarily due to the lower revenue and increased costs.
EPS (Earnings Per Share):
SSR Mining's EPS in 2020 was $0.55, down from $1.48 in 2019 due to the decline in net income.
Dividends:
SSR Mining does not currently pay a dividend but instead focuses on reinvesting revenue into its mining operations.
Growth:
The company has shifted its focus toward higher-quality assets and operational efficiency. The acquisition of Alacer Gold in 2020 has significantly increased SSR Mining's gold production and resources. The Marigold mine and the Seabee Gold Operation have shown consistent growth over the past few years, while the Pirquitas mine reached the end of its operational life in 2020.
Price-to-Earnings Ratio (P/E):
As of March 2023, the P/E ratio for SSR Mining is approximately 11.12. It is important to compare P/E ratios among similar companies and consider other financial metrics when evaluating an investment in the company.
Final Thoughts:
SSR Mining Inc. operates in a cyclical industry, and its financial performance may be volatile due to fluctuations in metal prices and production levels. Nevertheless, the company has made strategic acquisitions and divestments, and its focus on high-quality assets shows potential for long-term growth. However, I recommend consulting a financial advisor or conducting further research before making investment decisions.