Silver Standard Resources Inc. (SSRI) Shares Down 2.3%
Shares of Silver Standard Resources Inc. (NASDAQ:SSRI) traded down 2.3% on Friday . The stock traded as low as $14.18 and last traded at $14.21, with a volume of 1,091,469 shares trading hands. The stock had previously closed at $14.54.
A number of brokerages 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 restated a “hold” rating and set a $10.00 target price on shares of Silver Standard Resources in a report on Tuesday, May 31st. Royal Bank Of Canada upped their target price on Silver Standard Resources from $6.00 to $7.50 in a report on Tuesday, April 12th. Zacks Investment Research downgraded Silver Standard Resources from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. Finally, Deutsche Bank AG restated a “hold” rating and set a $11.50 target price (up previously from $8.00) on shares of Silver Standard Resources in a report on Thursday, June 9th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $9.55.
The stock’s market cap is $1.15 billion. The firm has a 50 day moving average of $12.02 and a 200 day moving average of $7.79.
Silver Standard Resources (NASDAQ:SSRI) last released its quarterly earnings results on Wednesday, May 11th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.13. The firm had revenue of $101.51 million for the quarter, compared to analysts’ expectations of $90.04 million. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. Equities analysts predict that Silver Standard Resources Inc. will post $0.55 EPS for the current year.
A hedge fund recently raised its stake 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, according to its most recent Form 13F filing with the SEC. 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 about 0.70% of Silver Standard Resources worth $2,909,000 as of its most recent filing with the SEC.
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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