Silver Standard Resources Inc. (SSRI) Trading 2.5% Higher
Silver Standard Resources Inc. (NASDAQ:SSRI) shares traded up 2.5% during trading on Thursday . The stock traded as high as $13.56 and last traded at $13.39, with a volume of 1,588,962 shares. The stock had previously closed at $13.06.
Several research analysts have commented on the stock. National Bank Financial cut shares of Silver Standard Resources from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 13th. CIBC upgraded shares of Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a report on Monday, June 27th. Zacks Investment Research cut shares of Silver Standard Resources from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. Scotiabank cut shares of Silver Standard Resources from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, June 15th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $11.50 target price (up previously from $8.00) on shares of Silver Standard Resources in a report on Thursday, June 9th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.55.
The firm’s market capitalization is $1.07 billion. The company’s 50 day moving average is $12.59 and its 200-day moving average is $8.08.
Silver Standard Resources (NASDAQ:SSRI) last posted its quarterly earnings data on Wednesday, May 11th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.13. During the same quarter in the prior year, the business earned $0.11 EPS. The firm 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% on a year-over-year basis. Analysts forecast that Silver Standard Resources Inc. will post $0.55 earnings per share for the current year.
A hedge fund recently raised its stake in Silver Standard Resources stock. TD Asset Management Inc. boosted its position in shares of Silver Standard Resources Inc. (NASDAQ:SSRI) by 18.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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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