U.S. Silica Holdings Inc. (NYSE:SLCA) had its price objective hoisted by analysts at Jefferies Group to $69.00 in a research note issued on Thursday. Jefferies Group’s price objective indicates a potential upside of 20.38% from the company’s current price.
Several other equities analysts also recently issued reports on the stock. Royal Bank Of Canada upped their price objective on shares of U.S. Silica Holdings from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, September 23rd. RBC Capital Markets restated a “buy” rating and issued a $56.00 price objective (up previously from $44.00) on shares of U.S. Silica Holdings in a research note on Friday, September 23rd. Raymond James Financial Inc. upped their price objective on shares of U.S. Silica Holdings from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, September 23rd. Johnson Rice began coverage on shares of U.S. Silica Holdings in a report on Monday, October 10th. They issued an “accumulate” rating and a $56.00 target price for the company. Finally, Cowen and Company upped their target price on shares of U.S. Silica Holdings from $42.00 to $52.00 and gave the company an “outperform” rating in a report on Tuesday, October 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $46.43.
Shares of U.S. Silica Holdings (NYSE:SLCA) opened at 57.32 on Thursday. The firm’s market capitalization is $4.05 billion. U.S. Silica Holdings has a 52-week low of $13.54 and a 52-week high of $58.92. The stock’s 50 day moving average price is $54.83 and its 200-day moving average price is $45.21.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Thursday, December 15th were given a $0.0625 dividend. The ex-dividend date was Tuesday, December 13th. This represents a $0.25 annualized dividend and a dividend yield of 0.44%. U.S. Silica Holdings’s dividend payout ratio is presently -29.41%.
In other news, SVP David D. Murry sold 5,971 shares of the stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $55.00, for a total value of $328,405.00. Following the sale, the senior vice president now directly owns 14,458 shares in the company, valued at $795,190. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in SLCA. MCF Advisors LLC raised its stake in U.S. Silica Holdings by 73.5% in the second quarter. MCF Advisors LLC now owns 2,997 shares of the mining company’s stock valued at $103,000 after buying an additional 1,270 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of U.S. Silica Holdings by 103.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,399 shares of the mining company’s stock worth $112,000 after buying an additional 1,218 shares during the period. Panagora Asset Management Inc. purchased a new stake in shares of U.S. Silica Holdings during the second quarter worth about $153,000. Bank of Montreal Can raised its stake in shares of U.S. Silica Holdings by 23.6% in the third quarter. Bank of Montreal Can now owns 3,305 shares of the mining company’s stock worth $154,000 after buying an additional 631 shares during the period. Finally, SevenBridge Financial Group LLC purchased a new stake in shares of U.S. Silica Holdings during the second quarter worth about $195,000. Institutional investors and hedge funds own 83.05% of the company’s stock.
About U.S. Silica Holdings
U.S. Silica Holdings, Inc (U.S. Silica) 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, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand.