U.S. Silica Holdings, Inc. (SLCA) Given a $55.00 Price Target at Royal Bank Of Canada

Royal Bank Of Canada set a $55.00 price objective on U.S. Silica Holdings, Inc. (NYSE:SLCA) in a report released on Saturday. The firm currently has a buy rating on the mining company’s stock.

Other analysts have also recently issued research reports about the company. Zacks Investment Research raised U.S. Silica Holdings from a hold rating to a buy rating and set a $30.00 target price on the stock in a research report on Thursday, July 27th. Janney Montgomery Scott initiated coverage on U.S. Silica Holdings in a research report on Thursday, June 15th. They set a buy rating and a $51.00 target price on the stock. Scotiabank set a $63.00 target price on U.S. Silica Holdings and gave the company a buy rating in a research report on Tuesday, June 13th. Citigroup Inc. lowered their price objective on U.S. Silica Holdings from $58.00 to $52.00 and set a buy rating for the company in a research report on Friday, June 9th. Finally, Jefferies Group LLC reissued a buy rating and issued a $65.00 price objective on shares of U.S. Silica Holdings in a research report on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company. U.S. Silica Holdings presently has an average rating of Buy and an average price target of $49.66.

Shares of U.S. Silica Holdings (NYSE:SLCA) traded down 4.88% on Friday, reaching $30.63. The company’s stock had a trading volume of 2,522,758 shares. The firm has a market capitalization of $2.49 billion, a PE ratio of 175.03 and a beta of 2.32. U.S. Silica Holdings has a one year low of $24.26 and a one year high of $61.49. The firm has a 50-day moving average price of $28.91 and a 200 day moving average price of $34.83.

U.S. Silica Holdings (NYSE:SLCA) last announced its earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The business had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $316.43 million. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The business’s revenue for the quarter was up 148.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.17) EPS. On average, analysts anticipate that U.S. Silica Holdings will post $1.54 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 15th were issued a $0.063 dividend. This represents a $0.25 annualized dividend and a yield of 0.82%. This is a boost from U.S. Silica Holdings’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, September 14th. U.S. Silica Holdings’s payout ratio is presently 192.31%.

A number of hedge funds have recently bought and sold shares of the stock. QS Investors LLC boosted its holdings in U.S. Silica Holdings by 0.3% in the 2nd quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock worth $217,000 after buying an additional 18 shares during the last quarter. Somerset Trust Co boosted its holdings in shares of U.S. Silica Holdings by 0.7% during the 2nd quarter. Somerset Trust Co now owns 6,502 shares of the mining company’s stock worth $231,000 after purchasing an additional 43 shares during the last quarter. Covenant Asset Management LLC boosted its holdings in shares of U.S. Silica Holdings by 0.5% during the 2nd quarter. Covenant Asset Management LLC now owns 20,240 shares of the mining company’s stock worth $718,000 after purchasing an additional 100 shares during the last quarter. Texas Permanent School Fund boosted its holdings in shares of U.S. Silica Holdings by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 53,265 shares of the mining company’s stock worth $1,890,000 after purchasing an additional 445 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of U.S. Silica Holdings by 0.5% during th

Other analysts have also recently issued research reports about the company. Zacks Investment Research raised U.S. Silica Holdings from a hold rating to a buy rating and set a $30.00 target price on the stock in a research report on Thursday, July 27th. Janney Montgomery Scott initiated coverage on U.S. Silica Holdings in a research report on Thursday, June 15th. They set a buy rating and a $51.00 target price on the stock. Scotiabank set a $63.00 target price on U.S. Silica Holdings and gave the company a buy rating in a research report on Tuesday, June 13th. Citigroup Inc. lowered their price objective on U.S. Silica Holdings from $58.00 to $52.00 and set a buy rating for the company in a research report on Friday, June 9th. Finally, Jefferies Group LLC reissued a buy rating and issued a $65.00 price objective on shares of U.S. Silica Holdings in a research report on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company. U.S. Silica Holdings presently has an average rating of Buy and an average price target of $49.66.

Shares of U.S. Silica Holdings (NYSE:SLCA) traded down 4.88% on Friday, reaching $30.63. The company’s stock had a trading volume of 2,522,758 shares. The firm has a market capitalization of $2.49 billion, a PE ratio of 175.03 and a beta of 2.32. U.S. Silica Holdings has a one year low of $24.26 and a one year high of $61.49. The firm has a 50-day moving average price of $28.91 and a 200 day moving average price of $34.83.

U.S. Silica Holdings (NYSE:SLCA) last announced its earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The business had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $316.43 million. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The business’s revenue for the quarter was up 148.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.17) EPS. On average, analysts anticipate that U.S. Silica Holdings will post $1.54 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “U.S. Silica Holdings, Inc. (SLCA) Given a $55.00 Price Target at Royal Bank Of Canada” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/08/u-s-silica-holdings-inc-slca-given-a-55-00-price-target-at-royal-bank-of-canada.html.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 15th were issued a $0.063 dividend. This represents a $0.25 annualized dividend and a yield of 0.82%. This is a boost from U.S. Silica Holdings’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, September 14th. U.S. Silica Holdings’s payout ratio is presently 192.31%.

A number of hedge funds have recently bought and sold shares of the stock. QS Investors LLC boosted its holdings in U.S. Silica Holdings by 0.3% in the 2nd quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock worth $217,000 after buying an additional 18 shares during the last quarter. Somerset Trust Co boosted its holdings in shares of U.S. Silica Holdings by 0.7% during the 2nd quarter. Somerset Trust Co now owns 6,502 shares of the mining company’s stock worth $231,000 after purchasing an additional 43 shares during the last quarter. Covenant Asset Management LLC boosted its holdings in shares of U.S. Silica Holdings by 0.5% during the 2nd quarter. Covenant Asset Management LLC now owns 20,240 shares of the mining company’s stock worth $718,000 after purchasing an additional 100 shares during the last quarter. Texas Permanent School Fund boosted its holdings in shares of U.S. Silica Holdings by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 53,265 shares of the mining company’s stock worth $1,890,000 after purchasing an additional 445 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of U.S. Silica Holdings by 0.5% during the 1st quarter. Prudential Financial Inc. now owns 123,520 shares of the mining company’s stock worth $5,928,000 after purchasing an additional 620 shares during the last quarter.

About U.S. Silica Holdings

U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.

Analyst Recommendations for U.S. Silica Holdings (NYSE:SLCA)

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