Silver Standard Resources Inc. (SSRI) Stock Price Down 2.6%
Silver Standard Resources Inc. (NASDAQ:SSRI) fell 2.6% during trading on Thursday . The stock traded as low as $13.99 and last traded at $14.39, with a volume of 1,860,037 shares traded. The stock had previously closed at $14.77.
Several research firms recently commented on SSRI. Scotiabank upgraded Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, April 7th. BMO Capital Markets reiterated a “hold” rating and issued a $10.00 price objective on shares of Silver Standard Resources in a report on Tuesday, May 31st. Royal Bank Of Canada boosted their price target on Silver Standard Resources from $6.00 to $7.50 in a research note on Tuesday, April 12th. Zacks Investment Research downgraded Silver Standard Resources from a “buy” rating to a “hold” rating in a research note on Thursday, June 16th. Finally, Deutsche Bank AG restated a “hold” rating and set a $11.50 price target (up from $8.00) on shares of Silver Standard Resources in a research note on Thursday, June 9th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $9.55.
The company’s market cap is $1.15 billion. The firm’s 50-day moving average price is $11.11 and its 200-day moving average price is $7.40.
Silver Standard Resources (NASDAQ:SSRI) last issued its quarterly earnings data on Wednesday, May 11th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.13. The company had revenue of $101.51 million for the quarter, compared to analysts’ expectations of $90.04 million. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. Equities analysts predict that Silver Standard Resources Inc. will post $0.43 earnings per share for the current year.
An institutional investor recently raised its position in Silver Standard Resources stock. TD Asset Management Inc. increased its position in Silver Standard Resources Inc. (NASDAQ:SSRI) by 18.9% during the fourth quarter, Holdings Channel reports. The firm owned 564,342 shares of the company’s stock after buying an additional 89,890 shares during the period. TD Asset Management Inc. owned 0.70% of Silver Standard Resources worth $2,909,000 as of its most recent SEC filing.
Silver Standard Resources Inc is a resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company operates through three segments: Pirquitas mine, Marigold mine, and Exploration and evaluation properties.
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