US Silica Holdings Gets a Buy Rating from RBC Capital

By Jason Carr

In a report released yesterday, Kurt Hallead from RBC Capital reiterated a Buy rating on US Silica Holdings (NYSE: SLCA), with a price target of $60. The company’s shares closed yesterday at $37.21.

According to, Hallead is a 4-star analyst with an average return of 7.2% and a 47.1% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Energy Transfer Partners LP, and Diamond Offshore Drilling.

US Silica Holdings has an analyst consensus of Strong Buy, with a price target consensus of $61.67.

The company has a one year high of $61.49 and a one year low of $27.78. Currently, US Silica Holdings has an average volume of 2.85M.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SLCA in relation to earlier this year. Earlier this month, Peter Clark Bernard, a Director at SLCA bought 4,450 shares for a total of $165,318.

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U.S. Silica Holdings, Inc. engages in the production of industrial minerals, including sand proppants, whole grain silica, ground silica, fine ground silica and aplite clay. It operates through the Oil & Gas Proppants and Industrial & Specialty Products segments. The Oil & Gas Proppants segment serves the oil and gas recovery market providing fracturing sand which is pumped down oil and natural gas wells to prop open rock fissures and increase the flow rate of natural gas and oil from the wells. The industrial & specialty products segment consists of products and materials used in a variety of industries including, container glass, fiberglass, specialty glass, flat glass, building products, fillers and extenders, foundry products, chemicals, recreation products and filtration products. The company was founded on November 14, 2008 and is headquartered in Frederick, MD.