NEW YORK (
) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good.
Highlights from the ratings report include:
- SSRI's very impressive revenue growth greatly exceeded the industry average of 49.4%. Since the same quarter one year prior, revenues leaped by 235.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
- SSRI's debt-to-equity ratio is very low at 0.12 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 5.89, which clearly demonstrates the ability to cover short-term cash needs.
- SILVER STANDARD RES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, SILVER STANDARD RES INC turned its bottom line around by earning $4.33 versus -$0.19 in the prior year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Metals & Mining industry. The net income increased by 401.1% when compared to the same quarter one year prior, rising from -$15.20 million to $45.77 million.
Silver Standard Resources Inc. engages in the exploration, development, and production of mineral resource properties in Argentina, Australia, Canada, Chile, Mexico, Peru, and the United States. The company primarily explores for silver, gold, tin, zinc, lead, and copper deposits. The company has a P/E ratio of 5.3, above the average metals & mining industry P/E ratio of 5.1 and below the S&P 500 P/E ratio of 17.7. Silver Standard has a market cap of $2.2 billion and is part of the
industry. Shares are down 4.5% year to date as of the close of trading on Wednesday.
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