For the first quarter Silver Standard reported a loss of -21 cents a share, missing the Capital IQ Consensus of a loss of -13 cents a share by 8 cents. Revenue fell 31.2% from the year-ago quarter to $33.72 million. Analysts expected revenue of $138.67 million.
The company produced 1.9 million ounces of silver, and 8.8 million pounds of zinc in the quarter.
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TheStreet Ratings team rates SILVER STANDARD RES INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate SILVER STANDARD RES INC (SSRI) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: