NEW YORK (TheStreet) -- Shares of Silver Standard Resources (SSRI) closed up 11.65% to $15.43 on heavy trading volume on Thursday after reporting better-than-anticipated earnings and revenue for the 2016 second quarter.
After yesterday's market close, the Vancouver-based precious-metals miner reported adjusted earnings of 25 cents per share, easily topping analysts' estimates of 9 cents per share.
Revenue climbed to $188.8 million from $95.8 million a year ago and beat analysts' projected $111.0 million.
Cash flow generation came in at $30.2 million for the period, bringing the company's total cash balance to $233 million.
"Our financial strength along with excellent exploration potential and a seasoned team will enable us to enhance shareholder value," CEO Paul Benson said in a statement.
About 5.04 million shares of Silver Standard Resources traded hands today vs. its average trading volume of roughly 2.22 million shares a day.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C-.
Silver Standard's strengths such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow.
You can view the full analysis from the report here: SSRI
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.